InterSystems serves hospitals, laboratories, other health care providers, and government clients with its flagship database software and associated products. Caché is an object database designed for high-performance handling of large volumes of transactional data. The company also offers an embeddable business intelligence product (DeepSee) for use with Caché, as well as an integration platform (Ensemble). Its two healthcare-specific offerings include HealthShare, which enables the creation of electronic health records, and TrakCare, a unified health care information system for use outside the US. InterSystems was founded in 1978 by its CEO Phillip Ragon, who owns the business.
Cambridge, Massachusetts-based InterSystems has offices in the US and about two dozen other countries, including Australia, Belgium, Brazil, Chile, China, the Czech Republic, Finland, France, Germany, Israel, Italy, Japan, the Netherlands, Russia, Saudi Arabia, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, the United Arab Emirates, and the UK.
Sales and Marketing
The company primarily targets the health care industry, serving such clients as Johns Hopkins, Kaiser Permanente, Blue Cross and Blue Shield of Massachusetts, and The Cleveland Clinic. Beyond health care, the firm's financial services clients include six of the world's 10 largest banks. Other corporate and government customers include TD Ameritrade, BT Group, Deutsche Bank, and the US Department of Defense. In addition, application vendors such as Epic Systems and Siemens Healthcare use InterSytems' embedded technologies in their own products.
Privately-held InterSystems' reports annual revenue of $463 million.
The fast-growing health care IT firm is benefiting from the mass migration to electronic health records and push to connect disparate platforms to merge patient information for easy retrieval by doctors. Indeed, InterSystems' growth is closely tied to that of Epic Systems, a leading electronic health records vendor and the company's single biggest customer. To capitalize on the emerging demand for electronic health information systems in other countries, InterSystems established its first office in Saudi Arabia in late 2012. The Saudi Ministry of Health is encouraging the migration of health information online.