LLR Partners an investor in expanding East Norriton-based HighPoint Solutions

Tom Paine

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Philadelphia-based PE firm LLR Partners has apparently invested in East Norriton-based Healthcare IT consultant HighPoint Solutions, according to a brief announcement that appeared on the LLR's website in March, although there has been little publicity about it.

LLR called the investment a recapitalization. The amount was not given.

HighPoint Solutions is a big company already. It has 500 employees now, and last week announced they were building an expansion to their headquarters in East Norriton which will enable them to add another 100 employees to their Philadelphia area workforce. Not all their current employees are based here, because they have several other offices including one in Bridgewater, New Jersey.

The company said in its statement that it is "on a path to, not only, continue their 20%+ YoY growth, but become the largest, privately held consulting firm serving the Life Science & Healthcare marketplace by 2017."

Yesterday, HighPoint announced it was opening its new European headquarters in Geneva, Switzerland on October 1. HighPoint says it expects this to be the first of many global offices as it expands internationally.

HighPoint provides a range of IT services to major pharmaceutical companies and healthcare providers and payers. Technology services include Business Intelligence,Business Process Management, Business Integration, Managed Services,Master Data Management, Sharepoint, and Contract Lifecycle Management. John Seitz is HighPoint's founder and CEO.

HighPoint Solutions should not be confused with New Jersey-based IT provider High Point Solutions, which holds the naming rights to Rutger's football stadium.



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