emids Technologies, a provider of healthcare IT and business process outsourcing services, has raised $13.3 million in funding from Baird Capital and Council Capital. The investment marks a major milestone for emids, setting the stage for the company to continue its organic growth and to pursue selective acquisitions. The company has experienced sustained rapid growth over the past five years, increasing revenue at a compound annual growth rate of more than 40% over the period.
emids offers a complete range of services by leveraging focused healthcare domain expertise, a strong global delivery methodology and partnerships with leading technology providers. In conjunction with the financing, Baird’s Jim Pavlik and Council’s Grant Jackson have joined the company’s Board.