San Francisco, CA, September 03, 2011 --(PR.com
)-- YourNurseIsOn.com, the market leader in instant staff communications services, has been selected as a finalist in Morgenthaler's DCtoVC event at Microsoft to kick off Health 2.0 Week in San Francisco on September 22, 2011. Morgenthaler Ventures selected the Most promising Health Information Technology companies to be included in this event from a pool of 117 applicants. YourNurseIsOn.com is proud to have been selected a finalist for this prestigious competition and looks forward to participating.
Morgenthaler Ventures, a premier venture capital firm, announced today the 11 finalists of their nationwide contest to find the most promising health IT startups looking for seed and Series-A funding. The 11 company founders will present in front of leading venture capitalists, angel investors and entrepreneurs at a gathering dedicated to health IT innovation. Held on September 22, 2011 in Mountain View, CA, the event is "invitation only." www.DCtoVC.com Twitter: #DCtoVC.
Venture capital investments in health IT – loosely defined as medical software and information services – increased in the second quarter of 2011 to $198 million, a 27% increase from the $156 million invested during the same period in 2010, according to research from Dow Jones VentureSource.
"The tremendous response we received shows that health IT is becoming as sexy a sector as social media and games," saidRebecca Lynn, partner at Morgenthaler Ventures and head of the firm's health IT investing team. "We received 117 applications that reflect how entrepreneurs are 'thinking big.' They are building powerful applications and services on top of today's Web, mobile, social media, and cloud-based infrastructures to transform our healthcare system.
"Many of the applicants were driven to build health IT companies because of their own personal experiences battling the deficiencies in our healthcare system. They are incredibly smart and motivated, and I am humbled by their passion. I believe that entrepreneurs – not corporations or the government – will ultimately fix healthcare," continued Lynn.
YourNurseIsOn.coms’s “secret sauce” is the patent-pending 2-way communications process that provides staff with the ability to accept/reject the shift with the click of a button and then confirm that the shift has been assigned. The YNIO™ communications platform makes it possible for hospitals and health care facilities/agencies to instantly contact and confirm their health care providers and other staff by multiple communications methods; including 2-way text, phone and email.
Matthew Browning RN, MSN, CEO
About Morgenthaler Ventures
Morgenthaler Ventures is a premier venture capital firm, dedicated to helping entrepreneurs build valuable companies for more than 40 years. Today, the firm has nearly $3 billion under management. Morgenthaler has invested in more than 300 companies in the information technology and life science sectors. Representative portfolio companies in the IT space include: Practice Fusion, Evernote, NexTag, Siri, Lending Club, Pageonce, Nominum, JasperSoft, MuleSource, Synopsys, VeriFone, Nuance Communications, Apple and NEXTEL. Representative life science companies include: Ardian, IPC – The Hospitalist Company, OncoMed, Catalyst Biosciences, Transcend, and GlobeImmune. Morgenthaler has offices in Menlo Park, CA, Boston, MA andBoulder, CO. www.morgenthaler.com.