TerraGraphiX Acquires Surgical Instrument Tracking System

TerraGraphiX Inc., an Indiana-based developer of location-sensitive software solutions, announced the acquisition of Alex Software Systems from Paragon Medical, Inc.

Carmel, Ind. -- TerraGraphiX Inc., an Indiana-based developer of location-sensitive software solutions, announced the acquisition of Alex Software Systems from Paragon Medical, Inc.

The software product, Alex, tracks the location and status of surgical instruments in hospitals and healthcare facilities to provide effective control of expensive and mission critical assets. Now in use in over 40 hospitals in North America and Canada, TerraGraphiX plans to enhance existing systems and expand sales as the premier provider of the solution.

Acquiring Alex Software allows us to enter the health care industry with a critical application that fits TerraGraphiXs strategy for growth," said Todd Wood, CEO of TerraGraphiX. Building on software solutions for location-sensitive applications that started in the public safety vertical market, we will continue to leverage our core competencies and expand into additional markets."

Tobias W. Buck, CEO of Pierceton, Indiana- based Paragon Medical, Inc., stated, We are pleased that the Alex customers will now be supported by TerraGraphiX. The sale allows Paragon to focus on the OEMs for medical instrument delivery systems, instruments, trials and implantable components."

The Alex software system tracks and stores surgical instrument inventory and displays its status, provides auditing functions, and keeps track of vendor communications throughout the life cycle of the equipment. The system tracks vital instruments from operating rooms through decontamination to storage, and everywhere in between. Terms of the transaction were not disclosed.

TerraGraphiX, Carmel, IN (www.terragraphix.net), is a software development firm that specializes in integrated products that support the complex and time critical requirements of linking information with physical locations. They offer numerous products directly related to Public Safety Integration and Medical Asset Management.

Paragon Medical, Warsaw, Indiana (www.paragonmedical.com), serves the global surgical instrument marketplace through the design and provision of fine medical products.

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