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Industry analysts comment on Norwest Venture Partners investment

Following the recent strategic investment in Medgate by Norwest Venture Partners, Georgian Partners and BMO Financial Group, industry analysts Verdantix have highlighted how this may be a step toward a larger consolidation of the EHS software market. “Given the scale of the Norwest Venture Partners fund, larger acquisitions are a real possibility in the future. Growing the Medgate product footprint across the full range of EH&S workflows is well-aligned with current customer requirements for a single, integrated platform,” writes Vertdantix, “To emerge as a top three vendor in this market by 2020, all midsize vendors must raise capital in 2016.”

To read more about how Verdantix views this investment, click here.