VITAL IMAGES INC

VITAL IMAGES INC

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Company Overview
Vital Images Inc., headquartered in Minnetonka, Minnesota, is a leading provider of enterprise-wide advanced visualization software solutions in the United States. The company’s core business involves developing 3-D medical visualization and analysis software that enables medical practitioners to make informed clinical diagnosis and therapy planning. The company was incorporated in 1988.
Vital Images offers solutions in the fields of radiology, cardiology, and other specialized areas of medicine. The company’s broad range of solutions include breast MR screening (CADstream), calcium scoring (VScore), cardiac functional analysis, coronary analysis, lung analysis (CT Lung software package), EP Planning application, functional imaging (Fusion 7D), virtual colonoscopy (InnerviewGI), CT Brain Perfusion, and SUREPlaque. Vital Images’ main software package in the field of cardiology is ViTAL Cardia, which provides tools to plan intra-vascular procedures, customized cardiac reporting and single-click navigation of suspect regions. The company’s other flagship products include Vitrea software, an advanced visualization solution that creates 2D, 3D, and 4D images of human anatomy from CT (computed tomography) and MR (magnetic resonance) image data; and ViTAL Connect software, a Web-based tool that allows easy access to 2D, 3D, and 4D medical images.
Vital Images’ mission is to continuously develop industry leading advanced visualization tools that enhance physicians’ ability to cement their roles as critical components in exceptional patient care.
Vital Images is active in North America, Europe, and Asia. The company’s manufacturing and R&D facilities are located in Minnetonka, Minnesota; Den Haag, the Netherlands; and Beijing, China. The company has offices in Belgium, Germany, France, the Netherlands, and United Kingdom. The company markets its products through a network of dealers and distributors across the globe.
Business Summary
Vital Images, Inc. (Vital Images) is a provider of advanced visualization and image analysis solutions for use by medical professionals in clinical analysis and therapy planning for medical conditions. The Company provides software, customer education, software maintenance, professional services and, on occasion, third-party hardware to customers. Vital Images’ technology transforms complex data generated by diagnostic imaging equipment into functional digital images that can be manipulated and analyzed using the Company’s specialized applications to better understand internal anatomy and pathology. Its solutions are designed to improve physician workflow and productivity, enhance the ability to make clinical decisions, facilitate less invasive patient care, and complement capital investments in diagnostic imaging equipment made by customers.
Description and history
Vital Images, Inc. (Vital Images), incorporated in September 1988, is a provider of advanced visualization and image analysis solutions for use by medical professionals in clinical analysis and therapy planning for medical conditions. The Company provides software, customer education, software maintenance, professional services and, on occasion, third-party hardware to customers. Vital Images’ technology transforms complex data generated by diagnostic imaging equipment into functional digital images that can be manipulated and analyzed using the Company’s specialized applications to better understand internal anatomy and pathology. Its solutions are designed to improve physician workflow and productivity, enhance the ability to make clinical decisions, facilitate less invasive patient care, and complement capital investments in diagnostic imaging equipment made by customers. The software is compatible with equipment from manufacturers of diagnostic imaging equipment, such as computed tomography (CT), scanners, and can be integrated into picture archive and communication system (PACS).

Hospitals use PACS to acquire, distribute and archive medical images and diagnostic reports, reducing the need for film and increasing reliance on advanced visualization solutions. The Company also offers a Web-based solution that provides physicians with anywhere, anytime access to medical images and visualization tools through any Internet-enabled computer. The Company’s software solutions are used with medical diagnostic equipment, primarily in clinical analysis and therapy planning. Its software applies technologies to a variety of data supplied by CT scanners to allow medical clinicians to create two-dimensional (2D), three dimensional (3D) and four dimensional (4D) views of human anatomy and to non-invasively navigate within these images to visualize and understand internal structures and pathologies. Its main customers are hospitals and clinics, university medical schools and diagnostic imaging centers. The Company markets its products and services to these customers both directly through its own sales force and indirectly through digital imaging equipment manufacturers and PACS companies, who sell its products with other products they either manufacture or acquire from third parties.

The Company’s products work with equipment from all major manufacturers of diagnostic imaging systems, including Toshiba Medical Systems Corporation, GE Healthcare, Siemens Medical Systems, Inc. and Philips Medical Systems. Its products may also be integrated into PACS, such as those marketed by McKesson Corporation and Sectra AB, and run on off-the-shelf third-party computer hardware. In addition to software products and installation services, it provides maintenance and support services, as well as certain other services, such as professional consulting services and customer education.

The Company offers maintenance and support services for its software solutions pursuant to which it provides error correction, software enhancements, updates and upgrades, telephone support and other general support services. The Company provides customer education services for its customers, both in connection with their acquisition of its software and as independent purchases. It conducts customer education programs for its software at its headquarters in Minnetonka, Minnesota, at customers’ locations and at various designated locations through the United States. The Company has also signed reseller distribution agreements that allow it to distribute products from certain third parties.

Vital Images competes with GE Healthcare, Siemens Medical Systems, Inc., Philips Medical Systems and TeraRecon, Inc.

Business Line
Develops 3-D medical visualization and analysis software that enables medical practitioners to make informed clinical diagnosis and therapy planning
Subsidiary
HINNOVATION INC
Advisor
PRICEWATERHOUSECOOPERS LLP
IPO date
6/22/1999
US SIC Code
7372
Company Address
Suite 300
5850, Opus Parkway
City province or state postal code
55343, MINNETONKA, MN
Phone: +1 952 487 9500
Fax: +1 952 487 9510
Country address: UNITED STATES OF AMERICA
Website url: www.vitalimages.com