A step-up in technology within the Topcon Group
ifa systems´ integration phase seems to be over.
In the meantime, ifa systems AG (ISIN DE0007830788, Entry Standard, IS8 GR) has achieved a remarkable success with telemedicine and CDSS applications. In a common effort with the partners Topcon and inoveon, the group is selected by IBM Watson to join the „Watson Health Medical Imaging Collaborative“ as technology partners. The group of 16 leading technology companies, including Topcon, ifa systems, and inoveon (Tii) will develop solutions for cognitive computing applications.
Last week, ifa systems has signed an initial development contract with a volume of $ 3.7 Mill. to develop telemedicine applications based on Big Data Analytics.
With a uniform database for the indication diabetic retinopathy at hand, the partners Topcon/ifa system are in a pole position to deliver quick results in this prominent Watson Health Medical imaging collaborative.
The Company will be able to leverage on it technological leadership positon enjoying additional competitive advantages regarding market position and pricing power across its product family. As a technology leader, ifa systems has set itself apart from its peers in a more and more competition intensive market arena regarding EMR-applications (electronic medical records) in the U.S..
We have increased the fair value of ifa systems’ stock by € 2.95 to € 16.45. Our rationale: Industry multiples in the Health-IT sector have increased sharply; ifa systems’ technology leadership has clearly increased vis-à -vis its peers.
We reiterate our BUY recommendation for ifa systems’ stock.IFA Systems is an information technology group based in Germany. Co. is engaged in offering IT solutions for eye care specialists worldwide. Co.'s IT product range includes: EMR (electronic medical records); scheduling; workflow management; quality management; and over 450 interface modules connecting the complete instrument and equipment network of eye care hospitals, clinics and practices. Co.'s service offering includes consulting, system integration, training and hotline. Co. offers software and quality management systems in English, German, Spanish, Portuguese, Italian, Finnish and Flemish.
Since 2007, BankM AG (Frankfurt am Main, Germany) is the partner of small and medium-sized enterprises and specializing in capital market financing with its experienced, interdisciplinary team. SME customers benefit from individual service and rapid access to selected investors that fit their needs. BankM's services include capital market advisory, arranging IPOs and capital increases for equity financing, debt advisory and debt capital mediation, designated sponsoring and research as well as M&A, hereby specializing in the identification of suitable strategic partners in China.
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