Healthcare IT firm Tegria buys cybersecurity provider CloudWave
What's the deal? TegriaDealroom has a profile for this one. Try Dealroom →, a global healthcare consulting and services company, has acquired CloudWaveDealroom has a profile for this one. Try Dealroom →, a cybersecurity, cloud hosting, and managed IT services provider built exclusively for healthcare. Terms were not disclosed. The deal adds specialised cybersecurity operations and 24/7 threat detection to Tegria's hosting business.
Why now? This is Tegria's first acquisition since New York investment firm AltarisDealroom has a profile for this one. Try Dealroom → bought it from ProvidenceDealroom has a profile for this one. Try Dealroom → earlier this year, making it an independent, investor-backed platform. Altaris, which focuses exclusively on healthcare and manages more than $9 billion in equity capital, has backed the deal as part of Tegria's stated room for growth.
What's the endgame? The combination folds CloudWave's security operations centre expertise into Tegria's managed services portfolio, extending its reach across hosting, cybersecurity, data and analytics, and application support. Tegria employs more than 1,000 people and has served over 650 provider and payer clients across North America and Europe.
A new leader: The acquisition follows Tegria's June appointment of Craig Mengert as chief executive officer. Mengert, who joined Tegria's board, succeeded Brian Cahill, who had led the company since 2022 and is retiring after a 47-year career.
What changes for clients? CloudWave chief executive Erik Littlejohn will join Tegria as president of enterprise technical solutions. "Joining Tegria allows us to scale our security and cloud hosting solutions across a broader platform while remaining deeply committed to our core mission of supporting healthcare," he said. Tegria says existing clients will keep uninterrupted service from their current teams.
The signal: The purchase reflects how private capital is reshaping healthcare IT, with investor-backed platforms bundling cloud hosting and cybersecurity as providers face mounting data-protection risks. For Tegria, it marks the first move in a growth strategy under new ownership and leadership.
Read more: business.theantlersamerican.com
Image credit: Idaho National Laboratory
