Camanio Care writes agreement with Vital Integration
The agreement is strategically important and strengthens the possibilities of creating new attractive solutions within digital care. Our joint offer meets the needs that the government emphasizes by earmarking 350 million to promote new technology within elderly care.
Camanio Care AB increases the involvement with Vital Integration by an exclusive license agreement, and an intensified collaboration by the employment of key figures. By this license agreement, Camanio Care has the exclusive right to sell, use, develop and integrate Vital’s solutions with Camanio’s existing products during at least four years. Camanio Care thereby strengthens their offer and competence within IoT, and continues their transition from a research phase towards a commercial phase, where digital infrastructure within welfare is a key factor. Together, Vital Integration and Camanio Care become welfare operators who can offer a coherent infrastructure for health care within the home. The agreement also results in a business model based on SaaS (software as a service), which increases the predictability of future income.
Strengthens the business area Digital Care
The business area Digital Care has so far been based on the product Giraff, Camanio Care’s telepresence robot. With the new agreement, Camanio’s and Vital’s solutions become a strong and unique combination for actors within health care. There is an increasing need for qualitative digital solutions for health care services in people’s homes, where both services and products can be delivered as an overall solution. This new collective offer strengthens Camanio’s vision of delivering safety, independence and life quality for the elderly and people with disabilities.
-This is strategically an important step forward for us. We are entering this agreement exactly at the right time in order to really being able to meet our customers’ needs for digital care. We are certain that this is an area which will continue to have a strong growth for the coming years. Vital Integration has a unique competence within architecture of systems, design as well as the integration of welfare services. We will protect Vital Integrations’ existing clients and suppliers by having a close dialogue with all the partners involved. With Camanio’s resources, we will be able to strengthen both the collaboration and our offer, says Catharina Borgenstierna, CEO Camanio Care.
-We are very happy and proud to be able to work through, and together with, Camanio Care. From now we start building the possibilities of delivering a strong overall solution with both platforms and products. Our collaboration has so far been successful and we share both visions and values. With a collective organization, we do not only strengthen our offer but also our ability to deliver. Camanio is a strong actor within this area, our network completes one another’s, and we have already identified several important business opportunities that none of us have been able to make use of on our own, says Magnus Cederström, part-owner Vital Integration.
Advantages of Vital’s welfare broadband
- Technology-neutral by an open platform for welfare technology.
- Network-neutral by the possibility of using several networks.
- Safe interface by several available connections.
- User- and administration of authorities that guarantees the chain of responsibility between different partners within welfare services at home.
- Infrastructure which enables action-driven supervision.
The Swedish market for digital care
- Today, approximately 203 000 people in Sweden has safety alarms
- There is a large technical shift that takes place in Sweden’s municipalities, where all the analogue safety alarms are being replaced for digital ones, and the whole area of alarms transcends to digital technology.
- Approximately 30 municipalities carry out procurements equivalent to ca 300 million SEK annually.
- The government has earmarked an additional government grant of 350 million SEK in the spring-budget for 2018 for new technology within elderly care.
- More and more municipalities are adopting the model of purchasing several services at the same time, which can be delivered by a joint welfare environment.
Camanio Care is one of the few well established actors within Swedish welfare technology, who has had a close dialogue and collaboration with municipalities and health care sector in Sweden since 2012.
About Vital Integration
VITAL Integration is an IoT-company within welfare technology, with focus on infrastructure for transfer of data within the healthcare sector. As an operator for welfare, the company offers integrated solutions for a smart home that strengthens the individual’s independence and safety, both inside and outside the home. This is achieved though VITAL SmartCare, a service platform that collects and transfers data from all sensors installed in the home such as mobile personal alarms, cameras, door locks, stove protections, GPS etc. to care professionals and relatives.
VITAL SmartCare is the central hub in the net for Digital care, with an attractive business model that builds on re-occurring income based on monthly fees per service and per user.
For further information, please contact:
Catharina Borgenstierna, CEO
Telephone: 0733-93 00 07
About Camanio Care
Camanio Care is a care tech company, developing services with the individual in focus. The company offers solutions within robotics, assistive devices, and gamification, with products such as BikeAround™, Bestic®, and Giraff™. Through three focus areas; Active Life, Mealtime and Digital Care, the company wishes to support people’s basic needs and increase the competence and quality within health care.
Camanio Care has its headquarters in Stockholm, Sweden, a subsidiary in the U.S., as well as distributors in China, Australia and ten European countries. Subscribe to our newsletter and/or read more about us, Camanio Care at: www.camanio.com.
Find us on the following channels:
This information is information that Camanio Care is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, on May 21th, 2018.