Medical Device Tracking – The Next Generation

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Our Commitment for Best-in-Class Medical Device Management Solutions
To complement our strong expertise in Medical Device Tracking workflow development, we have been actively working to enhance our whole collection of software and service offerings to meet the rapidly changing regulatory environment facing the device industry. One of the greatest obstacles and concerns for the industry is the nascent and coming regulatory changes (1) being imposed upon the industry; the larger the company, the greater this burden is reported. In addition, there is always a core goal for providing health outcomes that meet the best practice that can be delivered for the medical community – Is what we manufacture and aid in the delivery to patients, safe and effective?

At Portford, our stated systems development direction for both core software and services will fill this shortcoming by providing all the requirements for medical device tracking, patient clinical data collection and regulatory reporting. In addition we will be offering advanced data analytics and predictive analysis integrated into our workflow-based medical device tracking software to report on trends in device stability, performance and providing early detection of problems with devices before they become an issue for the companies, regulatory agencies and the patient population. From a recently published report (2) it has been determined that the 510(k) program is in need of modification to support both patient safety and efficacy concerns.

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Portford Solutions Recognized by EMC® Enterprise Content Division for Excellence in Innovation

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LOCATION – MAY 6, 2015 – Portford Solutions Group Inc. today announced that it has been recognized with a Partner Innovation Award by the EMC Enterprise Content Division (ECD). Portford and other winners were announced this week at Momentum at EMC World 2015.

The DocuNECT Lifecycle was awarded the Best ApplicationXtender® Solution for excellence and innovation in solution development, design integration, and best practices for implementation and deployment. DocuNECT Lifecycle is a value-add solution for ApplicationXtender that captures, classifies and distributes electronic documents from a number of sources including cloud based services, business applications, and user’s desktops. DocuNECT’s powerful dashboard and reporting capabilities helps track and audit documents from their source right into ApplicationXtender.

“We are delighted to receive this EMC award and are committed to helping customers realize the maximum potential of their ApplicationXtender solution,” said Bruce Bolton, Executive Vice President of Technology for Portford. “DocuNECT Lifecycle has helped customers add new business processes to ApplicationXtender to extend it use throughout the organization.”

“As content management moves from the first to the third platform, we are heavily reliant on our partners to develop and implement innovative solutions that will help our customers get there efficiently,” said Jason Capitel, Chief Revenue Officer, EMC Enterprise Content Division. “We’re thrilled to recognize Portford Solutions for its visionary approach to the ApplicationXtender solution set.”

ApplicationXtender (AX) Preferred partner solutions, such as those offered by Portford, are pre-tested and proven, so organizations can feel confident that these solutions will easily integrate with ApplicationXtender. Using ApplicationXtender, instant document management is easy to deploy, seamless and secure. Most solutions deploy in days, not months, making them ideal for organizations with stretched IT staffs. Find industry and business solutions that enhance ApplicationXtender in the EMC Enterprise Content Solution Catalog.

About Portford Solutions Group, Inc.
Portford Solutions is one of the leading document management service providers that specializes in products within EMC’s Enterprise Content Division. Portford Solutions provides a complete, end-to-end document management service set to its customers, including strategic consulting, implementation, system integration, and support. Portford Solutions has offices located in Ontario, CA and Aliso Viejo, CA.

Website: http://www.portfordsolutions.com

EMC and ApplicationXtender are trademarks or registered trademarks of EMC Corporation in the United States and other countries. All other trademarks are the property of their respective owners.

Lexmark to buy Kofax for about $1 billion to Boost Software Business

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(Reuters) – Lexmark International Inc, known for its printers, said it would buy Kofax Ltd in an about $1 billion deal that would double the size of its enterprise software business.

Kofax shares were up 45.5 percent at $10.91 in extended trading on Tuesday, just shy of Lexmark’s $11 per share cash offer. Lexmark shares rose 8 percent.

PC and printer makers have struggled in the recent past as companies reduced printing to cut costs and consumers shifted to mobile devices from PCs.

Hewlett-Packard Co plans to separate its computer and printer businesses from its corporate hardware and services operations this year.

Xerox Corp has also increasingly focused on IT services to make up for the falling sales of its copiers and printers.

Lexmark divested its inkjet printer business in 2013 and has since boosted its enterprise software business.

The Kofax deal will help the company’s Perceptive Software business achieve its revenue target of $500 million in 2016, Lexmark said.

The business makes software to scan everything from spreadsheets to medical images and provides services to banking, healthcare, insurance and retail companies. It contributed about 8 percent to Lexmark’s revenue in 2014 and has grown at more than 30 percent in the past two years.

Kofax provides data services to the financial, insurance and healthcare companies such as Citigroup Inc, Metlife Inc and Humana Inc.

Lexmark said it expects the deal to “significantly” expand operating margins in its enterprise software business, which would now be worth about $700 million. It will also add about 10 cents per share to the company’s adjusted profit in 2015.

Lexington, Kentucky-based Lexmark, which expects to close the deal in the second quarter of 2015, said it would suspend share repurchases until it pays off its short-term debt in 18-24 months.

Goldman Sachs is the financial adviser to Lexmark, while Lazard is the financial adviser to Kofax.

Lexmark reported $3.7 billion in adjusted revenue in 2014.

Kofax, headquartered in Irvine, California, reported $297 million in adjusted revenue in the year ended June 2014.