Calian Expands Digital Healthcare and Cybersecurity Offerings with Cloud Life Cycle Management, Systems Integration Services, and Virtual Care

Calian Expands Digital Healthcare and Cybersecurity Offerings with Cloud Life Cycle Management, Systems Integration Services, and Virtual Care

Calian Expands Digital Healthcare and Cybersecurity Offerings with Cloud Life Cycle Management, Systems Integration Services, and Virtual Care

Healthcare organizations have urgent need to securely modernize their digital infrastructures; Calian acquires Dapasoft to bolster capabilities and address market needs

  • Transaction represents Calian’s largest acquisition to date
  • Transaction value of up to $83M; $50M at closing represents an EBITDA multiple of 8.0x based trailing performance
  • Facilitates Calian’s next chapter of growth and expands its opportunity to further bolster the delivery of its Healthcare, IT Services and Cybersecurity solutions to its clients
  • Multiple cross-sell and up-sell opportunities across combined client base
  • Increases Calian’s recurring revenue base
  • Immediately accretive on an EBITDA and Adjusted Net Income basis

OTTAWA, February 22, 2021 – Calian® Group Ltd., (TSX: CGY) a provider of trusted products and solutions, extends digital healthcare and cybersecurity offerings through the acquisition of Dapasoft Inc, a leading provider of innovative systems integration, cloud lifecycle management and cybersecurity solutions, which enable clients to securely implement digital transformation initiatives. The acquisition adds depth and breadth to Calian’s core capabilities, thereby accelerating its go-to-market strategy in the rapidly growing digital healthcare industry.

“We see demand from organizations of all sizes to modernize their healthcare infrastructure and manage cyber risk and they are looking for a trusted partner in this endeavour.” says Kevin Ford, Calian CEO. “The addition of Dapasoft’s people, products, and services broadens and deepens the digital healthcare offerings of our IT and Cyber Solutions division.”

Michael Lonsway, President of Dapasoft adds, “The acquisition could not come at a more opportune time. Together we can scale to meet accelerated demand for migration to the cloud and virtual care. Our innovative Dapasoft Corolar Virtual Care solution meets the needs of today’s healthcare organizations and their patients, while addressing ever-evolving security and regulatory requirements.”

Dapasoft, a Microsoft Gold Partner, and its wholly owned subsidiary, iSecurity, came together in 2019 to provide full-service cloud lifecycle management and cybersecurity solutions. Their Corolar integration engine has been deployed in over 30 healthcare institutions across Canada, and their proprietary cybersecurity solutions are used by customers in healthcare, financial services and critical infrastructure across North America.

“My co-founder, Kees Pouw, and I are pleased to combine our business with Calian. Leveraging the powerful Calian brand will enable us to offer a greater range of cybersecurity solutions and managed security services to build more and deeper customer relationships,” said Raheel Qureshi, co-founder, iSecurity.

“Dapasoft and iSecurity will enable us to offer a greater range of cloud migration, cybersecurity, and managed security solutions to our entire customer base,” says Sandra Cote, President of Calian IT and Cyber Solutions (ITCS). “Calian has the bench strength to scale Dapasoft and iSecurity offerings to meet customer digital transformation demand.”

The acquisition of Dapasoft and its subsidiary, iSecurity, aligns with two pillars of the Calian growth strategy: Customer Diversification and Innovation. The definitive agreement is valued at up to CDN$83M. Amount paid on closing is $50M, consisting of $43M cash and $7M in Calian shares. Contingent consideration over two years is based on certain EBITDA growth targets ($14.5M payable in cash and $18.5M payable in Calian shares).

The combined entities generated revenues of $27M in their most recent fiscal year, with Gross Margin and EBITDA percentages well above Calian’s consolidated levels. The Company expects this transaction to be immediately EBITDA accretive.

Origin Merchant Partners acted as financial advisor to Dapasoft in connection with the transaction. CIBC Capital Markets acted as financial advisor to Calian in connection with the transaction.

As a result of this acquisition, we have updated and raised our guidance to reflect the impact of Dapasoft for the remaining seven months of our fiscal year. Our guidance also reflects one-time transaction costs associated with the completion of the acquisition.

GUIDANCE

Low High
Revenue $ 476,000 $ 516,000
Adjusted EBITDA $ 45,000 $ 49,000
Adjusted net profit $ 29,350 $ 32,650

About Dapasoft and iSecurity

Dapasoft is pioneering the future of healthcare applications and health data interoperability. Headquartered in Toronto, Dapasoft is trusted by North American healthcare providers, payors, and application developers to power their solutions every day, integrating a wide variety of EHR, EMR, and other clinical and analytics systems Dapasoft’s wholly owned subsidiary, iSecurity delivers world-class enterprise solutions that manage cybersecurity risk while addressing unique regulatory requirements and critical infrastructure. Its team is comprised of senior and fully accredited Cybersecurity Advisors (CISSP, CICA, CISM), Enterprise Architects (TOGAF, Zachman, SABSA) along with a 24/7 managed security and incident response services.

About Calian IT and Cyber Solutions

Calian’s IT and Cyber Solutions support customer requirements for subject matter expertise in the delivery of their complex IT solutions. With a primary focus on cloud migration, IT development, support services, SAP consulting and cybersecurity solutions, Calian supports customers at all levels of government and the private sector in the domestic market. Calian Cybersecurity solutions provide public and private sector organizations with the right people, processes and technology to build actionable plans and keep their environments safe and secure.

About Calian

Calian employs over 4,400 people in its delivery of diverse products and solutions for private sector, government and defence customers in North American and global markets. The Company’s diverse capabilities are delivered through: Advanced Technologies, Health, Learning, and IT and Cyber Solutions. Advanced Technologies provides innovative products, technologies and manufacturing services and solutions for the space, communications, defence, nuclear, government and agriculture sectors. Health manages a network of more than 2,000 health care professionals delivering primary care and occupational health services to public and private sector clients across Canada. Learning is a trusted provider of emergency management, consulting and specialized training services and solutions for the Canadian Armed Forces and clients in the defence, health, energy and other sectors. IT and Cyber Solutions supports public- and private-sector customer requirements for subject matter expertise in the delivery of complex IT and cyber security solutions. Headquartered in Ottawa, the Company’s offices and projects span Canada and international markets. For further information, please visit our website at www.calian.com.

Product or service names mentioned herein may be the trademarks of their respective owners.

DISCLAIMER

Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Such statements are generally accompanied by words such as “intend”, “anticipate”, “believe”, “estimate”, “expect” or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, please see the Company’s most recent annual report and other reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.

Dapasoft, A Microsoft Gold Partner serving healthcare, Releases Corolar Virtual Care (CVC) 2.0

TORONTO, ONTARIO—(Dec 9, 2020) 

Dapasoft Inc., a trusted leader in healthcare IT providing health data interoperability and clinical systems integration, announced the release of Corolar Virtual Care, version 2.0, for the Microsoft Teams platform. Corolar Virtual Care 2.0 is a Microsoft Teams native application for providers to quickly setup walk-in and scheduled virtual visits for infectious diseases and chronic diseases. Besides virtual COVID assessment clinics, CVC is ideal for Pre-Operative clinics as health systems ramp up services for elective surgeries. 

“We are excited to release CVC 2.0 on Microsoft Teams platform,” said Michael Lonsway, Dapasoft’s President. “With upgrades such as multilingual support, on-demand appointment reminders via SMS, and integration to EHRs and scheduling systems, CVC is the quickest path for providers to roll out virtual care on Teams.  CVC reflects our commitment to serving healthcare customers on Microsoft’s fast-growing Teams platform.” 

Key Facts: 

  • Health systems can setup walk-in, scheduled, and group session virtual clinics on Teams 
  • Using CVC, providers can set up clinic specific intake forms, care pathways and users 
  • CVC supports multiple languages, including English and French, for patients and providers 
  • CVC supports multiple modes of virtual consultations – telephone or video – for each clinic 

About Dapasoft Inc. 

Dapasoft is pioneering the future of healthcare applications and health data interoperability. Headquartered in Toronto, Dapasoft is trusted by North American healthcare providers, payors, and application developers to power their solutions every day, integrating a wide variety of EHR, EMR, and other clinical and analytics systems. 

About Corolar Virtual Care (CVC) 

Corolar Virtual Care (CVC) is a virtual care solution running on Microsoft Teams platform. CVC is for acute care providers and health systems using Teams and wants to enable virtual walk-in and scheduled consultations without changing the existing patient scheduling process.   

For further information: 

Dapasoft Inc. 

Jijesh Devan, +1 416-847-4080 ext. 1070 

jdevan@dapasoft.com 

Dapasoft recognized as the winner of the 2020 Microsoft Canada Application Innovation IMPACT Award

Toronto, Canada — July 22, 2020 – Dapasoft is proud to announce it has won the 2020 Microsoft Canada Application Innovation IMPACT Award. These annual Canadian awards recognize Microsoft partners that have focused on bettering the lives of Canadians, aligned their efforts with customer excellence, and who have created innovative solutions leveraging Microsoft products, service and technology.

Michael Lonsway, President of Dapasoft, explains, “The adoption of Microsoft Teams and interest in Corolar ConnectedCare App has far exceeded any of our expectations. Until now, the market has not met Healthcare Enterprise customers’ demand for a solution that provides easy access to patient records from EHRs such as MEDITECH, EPIC, Cerner etc in Microsoft Teams.  Coupled with our Corolar Cloud solution, we are continuing to develop Corolar ConnectedCare App to fully support the needs of clinicians for care coordination and collaboration.”

Microsoft Canada presented these awards in 18 categories on July 22, 2020 at the first-ever virtual Microsoft Inspire conference. Winners were selected based on the outstanding work the companies provided to their customers and community.

“We are honoured to recognize Dapasoft for the Application Innovation IMPACT Award at this year’s IMPACT awards,” said Suzanne Gagliese, Vice President, One Commercial Partner, Microsoft Canada. “Even throughout a challenging year, Dapasoft has proven to be an outstanding partner committed to the highest levels of innovation and customer excellence empowering organizations across Canada with industry-leading solutions to achieve more.”

About Dapasoft

Headquartered in Toronto, Ontario, Dapasoft is pioneering the future of healthcare apps and data interoperability. Dapasoft’s integration platform as a service (iPaaS) on Azure enables legacy IT systems and independent SaaS apps to work together seamlessly, improving quality and cost of care. The platform has pre-built and highly customizable adapters ideal for easily building and quickly deploying custom healthcare integration solutions. Dapasoft brings over 14 years of healthcare integration expertise on HL7, C-CDA, FHIR, focused on streamlining business processes quickly and cost-effectively in the Cloud, on-premises, or a hybrid environment.

For additional information:

Jijesh Devan, Dapasoft
416-846-4080 x 1070
jdevan@dapasoft.com

Product or service names mentioned herein may be the trademarks of their respective owners.

About Microsoft Inspire

Microsoft Inspire provides Microsoft’s partner community with access to key marketing and business strategies, leadership, and information regarding specific customer solutions designed to help partners succeed in the marketplace. Microsoft Inspire provides partners with informative learning opportunities covering sales, marketing, services and technology. More information can be found at https://partner.microsoft.com/en-us/inspire.

Dapasoft Announces Corolar ConnectedCare App Availability on Microsoft Teams Store

TORONTO, ON – March 17, 2020 – Dapasoft Inc., a leading provider of health data interoperability and clinical systems integration, today announced the availability of its Corolar ConnectedCare App on Microsoft Teams Store. The Corolar ConnectedCare App provides Teams users with a comprehensive and secure communication solution for clinician-to-clinician collaboration.

With Corolar ConnectedCare App, clinicians can easily access patient data from EHRs like MEDITECH, Epic, Cerner, and more within the proven and trusted Teams collaboration framework. Corolar ConnectedCare will thus help address immediate and urgent challenges like transitions between care settings and fragmented care through improved clinical integration, by providing the right data securely at a care team’s fingertips.

“We are excited to launch our Microsoft Teams native healthcare app on the Teams store,” said Michael Lonsway, Dapasoft’s President. “It is a reflection of our commitment to Microsoft and the fast-growing Teams platform. We have already engaged with healthcare providers in Canada and US for scheduling, care coordination and other Teams based solutions and strongly believe Corolar ConnectedCare is the quickest means for providers to bring EHR data into Teams for care coordination and Collaboration.”

Jason Brommet, Modern Workplace Lead, Microsoft Canada, said “Microsoft Teams empowers care teams to provide the best possible patient care, while helping their organizations better coordinate care, and improve clinical and operational outcomes – all on the trusted and compliant Microsoft 365 cloud. We’re pleased to see healthcare-focused partners like Dapasoft benefit from the Teams platform, coupled with their healthcare knowledge and technical capabilities on Microsoft Azure, to help modernize Canadian healthcare.”

Key Facts:

  • Corolar ConnectedCare is purpose built for care coordination in Teams with EHR data
  • Using Corolar ConnectedCare, clinicians can easily view their roster of patients and detailed patient chart information within Teams (e.g., visit details, vitals, diagnosis, medications, lab results, clinical documents, etc.).
  • Corolar ConnectedCare uses advanced capabilities such as the bot framework, message extension etc. to provide alerts and notifications to clinicians.

About Dapasoft Inc.
Dapasoft is pioneering the future of healthcare applications and health data interoperability. Headquartered in Toronto, Dapasoft is trusted by North American healthcare providers, payors and application developers to power their solutions everyday, integrating a wide variety of EHR, EMR and other clinical and analytics systems.

About Corolar
Corolar is an award-winning Interoperability Platform that can be deployed to your public cloud instance and gives you sophisticated integration features and unmatched control and ownership. Our solution is architected to maximize autonomy, control and data sovereignty. Corolar enables you to develop, deploy, execute, manage and monitor integration processes and flows that connect multiple endpoints so that they can work together.

 For further information:

Dapasoft Inc.
Jijesh Devan, +1 416-847-4080 ext. 1070
jdevan@dapasoft.com

Dapasoft Announces Corolar ConnectedCare, a Microsoft Teams Native Application for Clinical Communication and Collaboration

Dapasoft Announces Corolar ConnectedCare, a Microsoft Teams Native Application for Clinical Communication and Collaboration

Corolar ConnectedCare enables Healthcare providers with MEDITECH, Epic, Cerner and other EHRs to integrate with Microsoft Teams for secure communication and collaboration

TORONTO, ON – Jan 9, 2020 – Dapasoft Inc., a leading provider of health data interoperability and clinical systems integration, today announced the launch of Corolar ConnectedCare App for Microsoft Teams. It is a secure communication solution for clinician-to-clinician collaboration within the Microsoft Teams environment. With Corolar ConnectedCare App, clinicians can easily access patient data from EHRs like MEDITECH, Epic, Cerner, and more within the proven and secure Microsoft Teams collaboration framework. Corolar ConnectedCare will help address immediate and urgent challenges like transitions between care settings and fragmented care through improved clinical integration, by providing the right data securely at a care team’s fingertips.

“We are excited to bring new capabilities to Canadian clinicians for integrated patient care using Microsoft Teams,” said Michael Lonsway, Dapasoft’s President. “Healthcare is changing across Canada, and we see many organizations looking to Microsoft Teams as a secure platform for care coordination. We are excited to launch Corolar ConnectedCare to support clinician-to-clinician collaboration for integrated, patient-centred healthcare across the continuum.”

  • Using Corolar ConnectedCare, clinicians can easily view their roster of patients and detailed patient chart information within Microsoft Teams (e.g., visit details, vitals, diagnosis, medications, lab results, clinical documents, etc.).
  • Corolar ConnectedCare extends the reach of care collaboration with support for mobile devices, desktop application or secure browsers.
  • Patient information can be shared within authorized multidisciplinary healthcare teams to collaborate securely and provide more efficient patient-centric care.
  • Bot framework within Microsoft Teams provides advanced searching and proactive notifications for important clinical events.

Peter Jones, Healthcare Industry Lead for Microsoft Canada, said, “The ability to integrate electronic health data into Microsoft Teams from EHRs has been a key ask of Canadian healthcare providers. Corolar ConnectedCare App for Teams is launching at a critical time when many Ontario Health Teams are looking to Microsoft Teams. Because of Dapasoft’s strong healthcare footprint in Canada and Microsoft technology capabilities we continue to strengthen our partnership with Dapasoft to modernize Canadian healthcare.”

About Dapasoft Inc.

Dapasoft is pioneering the future of healthcare applications and health data interoperability. Headquartered in Toronto, Dapasoft is trusted by North American healthcare providers, payors and application developers to power their solutions everyday, integrating a wide variety of EHR, EMR and other clinical and analytics systems.

About Corolar

Corolar is an award-winning Interoperability Platform that can be deployed to your public cloud instance and gives you sophisticated integration features and unmatched control and ownership. Our solution is architected to maximize autonomy, control and data sovereignty. Corolar enables you to develop, deploy, execute, manage and monitor integration processes and flows that connect multiple endpoints so that they can work together.

For further information:

Dapasoft Inc.
Jijesh Devan, +1 416-847-4080 ext. 1070
jdevan@dapasoft.com

Dapasoft Wins 2019 Microsoft Application Innovation In Healthcare IMPACT Award

Dapasoft Wins 2019 Microsoft Application Innovation In Healthcare IMPACT Award

Dapasoft has been announced as the winner of the Microsoft Application Innovation In Healthcare at Impact Awards 2019. Microsoft Canada hosts the IMPACT Awards to celebrate innovation in technology recognizing the outstanding work its partners to deliver virtually seamless solutions to customers based on Microsoft technologies. Microsoft enjoys the largest partner ecosystem in the industry, with over 14,000 partners across Canada.

At the awards ceremony Kevin Peesker, President of Microsoft Canada, noted that the IMPACT Awards showcase the excellence and innovation within the partner community. Each of these partners play an integral role in unlocking new opportunities for Canadian companies, while Microsoft is committed to helping their partner ecosystem build profitable businesses and successfully take their solutions to market.

Microsoft Canada presented the award on July 14, 2019 at the Microsoft Inspire conference in Las Vegas, Nevada. All the winners were selected based on the outstanding work they provided to their customers and community.

Dapasoft is helping bring to life the vision to drive value-based care and help large providers move to predictive, personalized and preventive care. The most agile healthcare organizations are looking to bridge old and new technologies and Dapasoft is easing this transition with its innovative cloud solutions. Be it integration with existing IT architectures, or implementing solutions with built-in security features, we are proud to partner with Microsoft and provide a platform that supports hybrid environment with a fast route to the cloud.

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