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CARDIO EXPRESS

Press release

Telemedicine Technologies accelerates its international development with a subsidiary in Greece

Paris, 14 October 2014

The French company Telemedicine Technologies, editor and expert of eHealth software and telemedicine solutions take a 80% majority participation in Cardioexpress, a Greek company, specialized in the delivery of telemedicine services to isolated and maritime sites.

« The technological excellence of Telemedicine Technologies in the domain of the Information & Communication Technologies (ICT) will enable us to consolidate and improve our current service offer. We will be able to respond to the demand of a market with very good growth perspectives », says Yannis Giakoumis, Managing Director of CardioExpress.

« The two companies share the same values in terms of ethics, quality of service, as well as entrepreneurship. We definitely place ourselves in a strong growth perspective with international and new B2B2C and B2C markets, particularly in the domain of the so called Silver Economy. The full complementarity of our services and resources is perfectly coherent with our strategy of accelerated development supported by the Public Investment Bank (BPI) and the crowd funding operation we are currently conducting », adds Yoani Th. Matsakis, President of Telemedicine Technologies.


Yoani Th. Matsakis, President de Telemedicine Technologies (left) and Yannis Giakoumis, Managing Director of Cardioexpress (right), in Athens last October 4th, just after signature of the agreements concluding the merge.

About CardioExpress
CardioExpress is a limited liability company founded in 1993 and established in Athens. Cardioexpress delivers telecardiology services to households and rural communities, industries as well as to ships (merchant, cruise, ferries). This real time monitoring service has proven its efficiency as it enables to perform a diagnosis in minutes following the appearance of the first symptoms, enabling to save lifes thanks to the considerable reduction of the time to care delay.
Today, CardioExpress is one of the largest European companies delivering tele-cardiology services. Its serves over 1.750.000 beneficiaries et performs more than 8000 remote ECG diagnosis yearly.
With this operation, CardioExpress joins a high technologies group with international reach. Its service offer will be immediately included in the products portfolio of Telemedicine Technologies, already commercialized in over 50 countries worldwide.
CardioExpress will also be able to commercialize the certified and validated solutions of Telemedicine Technologies, that are already deployed in Europe with amazing results.

About Telemedicine Technologies
Created 2000, Telemedicine Technologies is an editor of eHealth software solutions enabling the real time secure sharing of data between health professionals, patients and family carers.
The solutions developed by Telemedicine Technologies are proposed in licence as well as SaaS (Software as a Service) mode. They are used in more than 50 countries worldwide.
With its round-the-clock user support service and its highly secured hosting platform, Telemedicine Technologies products are compliant with the most demanding requirements of highly critical businesses.
In May 2014, the value of the company has been estimated to 2,5 M€ by Linkers, a specialized consulting office.
For 2018 the company targets a turn over of 15 M€ of which 70% will be realized outside France, and with a 25%.
Building on the support of the Public Investment Bank and the very favourable growth perspectives, Telemedicine Technologies reinforces its development capabilities by opening 10% of its share capital to new shareholders via the crowd funding platform Afexios.com. For that purpose, 15 000 new ordinary shares have been released, each at a purchase value of 17 € including 11,84 € of emission premium.

Telemedicine Technologies S.A.S. is a SME (Small and Medium Enterprise). Suscription to its share capital is eligible to the fiscal measures known as PEA-PME and TEPA-ISF.


Press contact : Suzanne Kauz-Schoeb smsbestcom@gmail.com, T.06 86 41 63 70

CardioExpress contact: Yannis Giakoumis, info@cardioexpress.gr, T.+30 694 4471 322

Telemedicine Technologies contact: Yoani Th. Matsakis, yma@tentelemed.com T.01 55 200 807