ATLANTA--(BUSINESS WIRE)--Oct 24, 2024--
Cognosos today announced its acquisition of Cox Prosight, an award-winning, real-time location service (RTLS) platform purpose-built for hospitals. This strategic move will unite Cognosos’ AI-native location technology with Cox Prosight’s software platform, providing hospitals with a cutting-edge real-time location services (RTLS) solution to address critical operational challenges.
The acquisition of Cox Prosight by Cognosos comes at a critical time when hospitals are grappling with significant challenges to improve operational efficiency, address labor shortages and improve patient experience.
“Today is a significant milestone in Cognosos’ journey,” said Braxton Jarratt, CEO of Cognosos. “Over the last several years, both companies have made massive, complementary investments to provide critical visibility, efficiency and safety to healthcare workers and patients. The integration of these two like-minded technology platforms reinforces our commitment to equipping hospitals with the tools they need to fulfill their mission to provide outstanding care to patients.”
Cox Prosight has developed a modern, extensible platform that integrates with multiple hardware vendors. Known for its strong analytics and reporting capabilities, the company has a reputation for delivering solutions that meet the complex demands of the healthcare environment.
George Valentine, AVP, GM of Cox Prosight, added, “The Cox Prosight team has dedicated years to developing the absolute best software platform that meets the evolving needs of hospitals. Our mission continues with Cognosos–a company that shares our passion for delivering transformative solutions to healthcare providers.”
The integrated solution from Cognosos and Cox Prosight will directly address the increasing challenges in the healthcare industry. By combining both systems into a future-proof, cost-effective and highly extensible cloud-based platform, RTLS will be more accessible to hospitals of all sizes. This solution will help administrators make data-driven decisions to address the developing needs of hospitals and amplify patient care.
Adrian Jennings, Chief Product Officer at Cognosos, “The addition of Cox Prosight expands our platform and accelerates our vision of providing healthcare systems with the tools needed to address critical operational challenges. Additionally, we’re excited about its ability to run across multiple hardware providers which instantly expands our portfolio of supported devices. With our combined resources, important new product offerings and functionality are planned for release in the coming months.”
Cognosos’ LocationAI®, the AI-native location intelligence technology revolutionized the RTLS market by offering room-level accuracy without the need for in-room infrastructure, functioning seamlessly across campus environments, both indoors and outdoors. Used by hospitals across the US–as well as over half of the top automotive manufacturers in North America–Cognosos helps organizations identify operational and safety issues to save time, reduce shrinkage and uncover bottlenecks.
About Cognosos
Cognosos is paving the way for the next generation of real-time location systems (RTLS). Supporting the biggest brands in industries like healthcare, automotive, logistics and manufacturing. Cognosos' cloud-based software, and ultra-lightweight footprint delivers an unparalleled combination of price and performance, reducing time-to-value, increasing ROI and eliminating the traditional deployment barriers of legacy systems. For more information, visit our website or follow us on Twitter and LinkedIn.
View source version on businesswire.com:https://www.businesswire.com/news/home/20241024924964/en/
CONTACT: Casey Bush
Global Results Communications
KEYWORD: GEORGIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: SOFTWARE HARDWARE HEALTH ARTIFICIAL INTELLIGENCE DATA MANAGEMENT HOSPITALS TECHNOLOGY MOBILE/WIRELESS
SOURCE: Cognosos
Copyright Business Wire 2024.
PUB: 10/24/2024 08:00 AM/DISC: 10/24/2024 08:00 AM
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