Company uses Magic's uniPaaS application platform to develop cloud solutions that have generated over 20 percent growth in its top- and bottom-line revenues.
Magic Software Enterprises Ltd. , a global provider of mobile and cloud-enabled application and business integration platforms, has announced that AOD Software, a Florida-based cloud electronic health record (HER) software company, has signed a $1.9 million deal to purchase licenses for the uniPaaS application platform over a three-year period.
AOD’s software suite, which is developed in part using uniPaaS—Magic Software’s application platform—is the most comprehensive in the Long Term Care (LTC) industry, according to AOD, with more than 45 modules that interconnect to offer a seamless software experience.
Specifically designed for continuing care retirement communities (CCRCs), assisted living facilities (ALFs), skilled nursing home facilities (SNFs), rehabilitation centers, and independent living and home health agencies, AOD’s solution was the first certified software system for LTPAC. AOD has recently been recognized by Inc Magazine as one of the fastest growing software companies in the U.S.
"uniPaaS has enabled us to focus on rapidly delivering the best cloud solutions for our growing customer base, resulting in over 20 percent top- and bottom-line growth for AOD in the last year,” says Aric Agmon, president and CEO of AOD Software. “uniPaaS is the best platform that offers the advanced cloud-enabled technology we need to simplify and accelerate the process of building and deploying our applications in the cloud."
"We are very pleased that AOD has decided to purchase licenses for our uniPaaS platform,” says Guy Bernstein, CEO of Magic Software. “AOD has always been a pioneer in using cutting edge technology to generate maximum value for itself and its many customers."
In a separate announcement, Magic Software announced it has purchased additional shares in its South African distributor, Magix Integration, thereby completing the acquisition of a 100 percent shareholding in the company at a total value of $2.8 million. The sellers stand to receive an additional $400,000 providing that the company reaches specific targets for performance in 2011.
Commenting on the acquisition, Amit Birk, vice present of mergers and acquisitions for Magic Software, said, "We are pleased to have successfully completed our acquisition of a 100 percent shareholding in Magix Integration, in keeping with our policy of obtaining total control of all our subsidiaries. This move reasserts our strong faith in the future growth of the South African market."
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