Business News • MarketWire • Allocade Secures $5M From VantagePoint Venture Partners to Expand Sales and R&D Efforts for Healthcare Software Solution

Allocade Secures $5M From VantagePoint Venture Partners to Expand Sales and R&D Efforts for Healthcare Software Solution

Allocade Secures $5M From VantagePoint Venture Partners to Expand Sales and R&D Efforts for Healthcare Software Solution

MENLO PARK, CA--(Marketwire - March 24, 2010) - Allocade, Inc., the developer of innovative healthcare software solutions, announced that it has closed a $5 million round of venture capital financing led by VantagePoint Venture Partners. The $5 million investment will be used by Allocade to scale to meet the increased demand for its On-CueT solution, an efficient dynamic software that is powered by an Artificial Intelligence Engine to help hospital caregivers effectively manage patient flow logistics.

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