Aventura Selects HealthCast as Its Single Sign-On Partner

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Partnership Enables Healthcare Organizations to Achieve Basic Desktop Security, Fast Access to Multiple Clinical Applications & Contextual Interoperability

LAS VEGAS, March 1, 2016 ­– Aventura, the healthcare industry’s leading provider of situational awareness for securing and personalizing clinical desktops, announced today that it has selected top ranked HealthCast as its Single Sign-On (SSO) partner. The combined offering brings to market a comprehensive, modular set of solutions that provide basic level desktop perimeter security and two-factor authentication with the ability to leverage SSO and contextual patient awareness for interoperability at the point-of-care.

Aventura’s situational awareness platform, Sympatica ™, utilizes ambient knowledge of who the user is, their location and the patient in care to authenticate and provide access to the electronic health record (EHR). HealthCast’s SSO Connectors will be fully integrated into the Sympatica platform to deliver fast and secure access to an organization’s EHR and multiple clinical applications.

“Our partnership with HealthCast includes a growing library of over 325 SSO connectors,” said John Gobron, CEO of Aventura. “By pre-integrating with Sympatica, customers will have options in their security strategy including the ability to leverage SSO without the complexity and costs commonly associated with other access solutions.”

“We are pleased that our partnership with Aventura will bring the advantages of HealthCast’s application Connectors to those customers that have purchased Aventura’s leading situational awareness solution,” said Joan Mehn, CEO of HealthCast. “HealthCast has 20 years of experience integrating healthcare applications into its solutions making our Connectors more robust and with more functionality than any others in the market.”

Aventura and HealthCast will be exhibiting at the 2016 HIMSS Conference & Exhibition, February 29-March 4. To learn more and to see a demo, please visit: Aventura in booth #1324. Connectors can also be seen at HealthCast’s booth #6054.

About Aventura
Aventura is the leading provider of awareness computing for the healthcare industry. For decades, clinicians have had to adapt their workflow to the limitations of computers; with Aventura, computers can now adapt to how clinicians work. Through its patented technology, Aventura delivers awareness of a user’s identity and role, their location within a facility, what device they are working on, and what patient they are treating. Based on this awareness, Aventura immediately delivers a virtual desktop and dynamically provisions the applications and exact screens a user needs to care for that particular patient, eliminating wasteful clicks and keystrokes. As a result, Aventura helps customers achieve their important initiatives in the areas of EHR adoption and Meaningful Use requirements, PHI security, mobility, and cost containment. Aventura is privately-held and its investors include: Safeguard Scientifics (NYSE: SFE) and Merck Global Health Innovation Fund (Merck GHI), Excel Venture Management, HLM Venture Partners and Memorial Care Innovation Fund. Visit www.aventurahq.com; follow us on Twitter, LinkedIn and Facebook; or call 888-484-4643 to learn more.

About HealthCast
Since 1996, HealthCast® has created software for healthcare providers to enable fast, simple, and secure access to patient data. Solutions provide unparalleled speed to EHRs and virtual desktops, secure fast-user switching, automated workflow within applications, unique proximity badge features, remote access solutions with second factor authentication, and “roaming sessions” to allow users immediate re-access to their work at any computer throughout the enterprise. It is known for its application Connectors and its track record of integrating 100% of any application requested for integration. Its single sign-on solution has the distinction of being ranked #1 in both the 2011 and 2014 KLAS SSO report.

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MEDIA CONTACTS:
Jennifer Haas
Aventura
(978) 697-3921
jennifer.haas@aventurahq.com

Marianne Taylor
HealthCast
(208) 275-8247
mtaylor@gohealthcast.com

Aventura Raises $14 Million Series C Financing Co-Led by Safeguard Scientifics and Merck GHIF

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Next-generation workflow optimization improves efficiency and quality of patient care

Denver, CO, February 9, 2015 ­– Aventura, a leader in healthcare workflow optimization software solutions, today announced that it raised a $14 million Series C financing round, which was oversubscribed, co-led by Safeguard Scientifics (NYSE: SFE) and Merck Global Health Innovation Fund (Merck GHI). Existing investors Excel Venture Management,HLM Venture Partners, and Memorial Care Innovation Fund also participated in the round. Aventura will use proceeds from the funding to expand sales and marketing, business development, and customer support, as well as accelerate product development.

Hospitals have invested heavily in electronic health records (“EHR”), driven largely by $36 billion in federal incentives. But, the clinical and economic benefits derived from EHRs are predicated on clinicians actually using the systems. Despite significant investments in health information systems, efficiency, data security, and workflow optimization, challenges around day-to-day access to patient data persist. The hunting-and-pecking amongst various applications in order to compile a complete view of the patient’s chart requires further investment to leverage the EMR spend. U.S.-based hospitals are estimated to spend $1.3 billion to optimize workflow for patient data access, and fewer than half of U.S. hospitals have implemented an optimization solution.

Through a patented process it calls awareness computing, Aventura’s workflow optimization platform delivers awareness of a user’s identity and role, their location within a facility, what device they are working on, and what patient they are treating. Traditionally, the approach to address workflow obstacles has involved utilizing identity and access management technologies such as Single Sign-On (SSO) for secure and fast access to applications. Whereas SSO technology authorizes a user to access a specific application, the beauty of awareness computing is that it builds upon SSO and gets the user to the exact data and functionality that they want.

“Awareness computing is the next generation in workflow optimization as it combines the security and speed benefits of SSO with deep intelligence to deliver clinical and business awareness to the point of care,” said John Gobron, CEO of Aventura. “This round of funding along with the addition of Safeguard and Merck as strategic investors, will allow us to accelerate the rate at which we can apply innovation to address the clinical, business, and regulatory needs of healthcare providers.”

“With innovative technology and a strong customer-centric leadership team, Aventura is well-positioned for rapid growth in an attractive market with favorable business and regulatory drivers for workflow optimization,” said Managing Director, Healthcare at Safeguard, Al Wiegman, who will be joining Aventura’s board of directors. “Providers are facing increased pressure to improve efficiency and quality of care. Aventura’s product portfolio is uniquely positioned to enable providers to better leverage EMR and patient data to accomplish this. We are excited to partner again with Merck GHIF, as well as existing syndicate partners, to support Aventura to improve the healthcare experience for providers and patients alike.”

About Aventura
Aventura is the leading provider of awareness computing for the healthcare industry. For decades, clinicians have had to adapt their workflow to the limitations of computers; with Aventura, computers can now adapt to how clinicians work. Through its patented technology, Aventura delivers awareness of a user’s identity and role, their location within a facility, what device they are working on, and what patient they are treating. Based on this awareness, Aventura immediately delivers a virtual desktop and dynamically provisions the applications and exact screens a user needs to care for that particular patient, eliminating wasteful clicks and keystrokes. As a result, Aventura helps customers achieve their important initiatives in the areas of EHR adoption and Meaningful Use requirements, PHI security, mobility, and cost containment. Aventura is headquartered in Denver with offices in Marlborough, MA. Visit www.aventurahq.com; follow us on Twitter, LinkedIn and Facebook; or call 888-484-4643 to learn more.

About Safeguard Scientifics
Safeguard Scientifics, Inc. (NYSE:SFE) has a distinguished track record of fostering innovation and building market leaders. For six decades, Safeguard has been providing growth capital and operational support to entrepreneurs across an evolving spectrum of industries. Today, Safeguard is focused specifically on two sectors—healthcare and technology. Recent successful exits include Alverix (acquired by Becton, Dickinson for $40 million); Crescendo Bioscience (acquired by Myriad Genetics for $270 million); NuPathe (acquired by Teva Pharmaceutical Industries for $144 million); and ThingWorx (acquired by PTC for initial proceeds of $112 million). For more information, please visit www.safeguard.com or Follow Us on Twitter @safeguard.

About Merck Global Health Innovation Fund, LLC
Merck Global Health Innovation Fund, LLC (GHIF) invests in emerging companies that deliver breakthrough health care solutions, which advance Merck’s mission to discover, develop and provide innovative products and services that save and improve lives. For more information, visit www.merck.com/ghi.

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MEDIA CONTACTS:

Jennifer Haas
Vice President, Marketing
Aventura
978.697.3921
jennifer.haas@aventurahq.com

Heather Hunter
Vice President, Corporate Communications
Safeguard Scientifics
610.975.4923
hhunter@safeguard.com