Management Buy-Out at Telemis, a Spin-Off of the Université Catholique de Louvain (« UCL ») and Leader in Medical Imaging

Management Buy-Out at Telemis, a Spin-Off of the Université Catholique de Louvain (« UCL ») and Leader in Medical Imaging PR Newswire LOUVAIN-LA-NEUVE, Belgium, October 10, 2012 LOUVAIN-LA-NEUVE, Belgium, October 10, 2012 /PRNewswire/ -- Nivelinvest and Sopartec announced the disposal of their majority stake in Telemis, a spin-off of the division of applied mathematics (ICTEAM) at Université catholique de Louvain. This operation has been carried out in the context of a management buy-out (MBO). Telemis was founded thirteen years ago as a spin-off of the Université catholique de Louvain on the basis of research undertaken by Professeur Benoit Macq within the Image division of ICTEAM. Telemis has successfully implemented the technologies developed by UCL in its PACS system (Picture Archiving & Communication System) that currently makes the reputation of the company. Telemis' solutions allow healthcare institutions to manage their medical imaging in order to improve the quality of their services. Next to the integrated solutions for sharing, archiving, searching and editing digital images, high-definition videos and other media files, Telemis has recently added a "cloud" data storage service and a secure internet access to its systems. Since its inception, Telemis has been primarily funded by Nivelinvest and Sopartec, a wholly owned subsidiary of the UCL and manager of VIVES- Louvain Technology Fund.