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Norwest Venture Partners invests $6m in Indian IT firm Attune

  • Andrew Woodman
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Norwest Venture Partners has invested INR326 million ($6 million) in cloud-based IT product company Attune.

The company's technology platform, Attune Health Kernel, provides hospital, labs and clinics with integrated services for scheduling, billing and patient data management.

According to LiveMint, the capital will be used for product development and to help the company scale up it operations. Attune plans to expand its operations in India as well as move into new markets in Southeast Asia, the Middle East and China.

The four-year-old company is headquarted in Singapore and has a development center in India. It has 85 customers, including Metropolis and MedAll, with more than 2 million patient records.

"The healthcare services market is growing rapidly in India, Southeast Asia, the Middle East and North Africa with the creation of large chains of healthcare service providers," said Mohan Kumar, executive director with Norwest. "We believe that a cloud-based architecture naturally lends itself to integrating these large chains, bringing in operational efficiency and also integrating the various suppliers and partners in the healthcare ecosystem."

The company managed to raise $700,000 from various angel investors from Singapore in its first round of fundraising in January 2010.

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