March 12, 2014
GRA Ventures Company, Velocity Medical, acquired by Varian Medical Systems
Varian Medical Systems announced that it has acquired Velocity Medical Solutions. Velocity’s software systems enable clinicians to easily collect, integrate, and share data from CT, PET, and MR images enabling close collaboration with referring physicians, oncologists, medical physicists, and others on the cancer care team. The Velocity software is already in use at over 200 cancer treatment centers worldwide. Varian expects its global sales, service, and support network will contribute to faster and deeper market penetration for the Velocity product.
Velocity was founded in 2004 by Emory faculty members Tim Fox, Ph.D. and Ian Crocker, MD, Department of Radiation Oncology. Through the GRA Ventures program, the company was awarded three phases of funding. With no other outside venture capital they were able to bootstrap the company to build the product and grow to 25 employees.
Varian is a leading manufacturer of medical devices and software for treating cancer and other medical conditions. They supply informatics software for managing comprehensive cancer clinics, radiotherapy centers and medical oncology practices. Varian's corporate headquarters are located in Palo Alto.
Varian has announced that they will keep the Velocity team here in Atlanta given our region’s ability to draw in talent and resources.
