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Innovation & Job News
Cielo MedSolutions lands $2 million grant, hiring 10
Wednesday, October 29, 2008
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University Of Michigan
Ann Arbor
About $2 million in new money for
Cielo MedSolutions
means another 10 new jobs at the software start-up.
The Ann Arbor-based company recently received $2 million from
Michigan's 21st Century Jobs Fund
and another $1 million-plus cash infusion that is expected to create 70 new jobs at the 10-person company within the next few years. Of those 70 positions, 10 will be open right away.
"That money will help us do further product development and new development," says Dave Morin, CEO of Cielo MedSolutions. "This lets us play on a national level and compete with our bigger competitors. It also lets us go for a very large expansion."
The University of Michigan spin-off develops new software for the health-care industry. That technology helps make sure doctors connect with their patients when its time for a checkup, test or treatment they might otherwise forget. It claims that the software, if used properly, can help cut down on unnecessary procedures and provide doctors with up to a 200 percent return on their investment.
Source: Dave Morin, CEO of Cielo MedSolutions
Writer: Jon Zemke
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