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Capsule Tech, Inc., a provider of medical device connectivity, received a strategic investment from JMI Equity, a Baltimore based growth equity firm focused on investing in growing software, Internet, business services and healthcare IT companies. In conjunction with the investment, Capsule has named Gene Cattarina as its chief executive officer to lead the company in its next phase of growth. Mr. Cattarina, an experienced healthcare IT executive, succeeds Arnaud Houette, who will continue to serve on Capsule’s Board of Directors.
JMI’s investment and the appointment of Mr. Cattarina come following important achievements under Mr. Houette’s leadership. Capsule experienced record growth in 2011, nearly doubling revenues, and surpassed the 1,000 customer milestone.