Company Founded by Tim Fox, Alumnus and Adjunct Assistant Professor, Acquired by Varian
Varian Medical Systems, Inc. announced it has signed an agreement with Velocity Medical Solutions, LLC to acquire certain assets of Velocity, a privately-held Atlanta-based developer of specialized software for cancer clinics.
The acquisition includes software designed to access and aggregate unstructured treatment and imaging data from diverse systems to show a comprehensive view of a patient's diagnostic imaging and treatment history, regardless of where they were treated or what technology was used. By organizing patient data and making it available in one place, the Velocity software can help clinicians make more informed treatment decisions.
The Velocity software enables clinicians to easily collect, integrate, and share data from CT, PET, and MR images and diverse treatment systems for close collaboration with referring physicians, oncologists, medical physicists, and others on the care team. The software is already in use at over 200 cancer treatment centers worldwide. Varian expects its global sales, service, and support network will contribute to faster and deeper market penetration for the Velocity product.
"We are excited about the possibilities that this acquisition by Varian creates," said Tim Fox (MSHP '92, PhDNE '94), Adjunct Assitant Professor, and one of the founders of Velocity Medical Solutions. "We expect that Varian will support the continued development of this important clinical tool and help to make it more widely available. We share a common vision to empower oncology care teams to make more confident decisions."
Varian plans to continue development of this oncology software platform with the Velocity team (25 employees) in Atlanta, Georgia, which includes Fox joining Varian as Vice President, Imaging Informatics.
Read the full press release on the acquisition in The Wall Street Journal.