Tuesday, June 7, 2011

Net.Orange Gets Equity Funding

Irving-based Net.orange, a developer of healthcare management web applications, has scoerd a "significant" round of growth equity, the firm announced today. The funding came from billionaire Dr. Patrick Soon Shiong, via his firm California Capital Equity, the company said. Financial details of the funding were not disclosed. Soon Shiong made his fortune in cancer drugs. Net.Orange said it will use the funding to develop its products. The firm also said it has added Kevin Freeman as its new EVP of Business Development and Marketing; Freeman has previously served at MedAssets, Accuro Healthcare Solutions and Innovative Managed Care Systems. More information »