Today we announce a major accomplishment - we've sold our medical business to KARL STORZ, a global leader in MedTech surgical solutions.
What does that mean to YOU - our customer / partner?
For years, T1V has been the white label OEM partner to KARL STORZ, developing the CollaboratOR solution independent of our T1V ThinkHub and T1V Story software solutions. So in short, this should have little to zero direct impact on our customers. The positive upside will be an increased focus on our enterprise and higher education technology and customers / partners.
Here's the full story:
T1V, a leading innovator in visual collaboration software, announces the sale of its medical business to KARL STORZ, a global leader in surgical solutions. The acquisition builds on a long-standing partnership between the two companies, which began with the development of the CollaboratOR portfolio—an integrated solution designed to transform workflows in the operating room.
The CollaboratOR portfolio offers a sophisticated hardware and software cloud ecosystem accessed through a large-format touch display. This system provides surgical staff with real-time clinical data, pre-operative and real-time images, preference cards, and other critical data throughout the peri-operative process. The cloud ecosystem is integral to enabling real-time collaboration during surgery and is designed to significantly improve workflow for major healthcare enterprises.
“This strategic acquisition underscores our commitment to preparing for future opportunities to advance progress in digital surgery and shape the future of medicine,” said Stefan Ort, KARL STORZ’s Chief Operating Officer. “It ensures the future development of our CollaboratOR range which enhances our ability to empower healthcare partners to excel daily, improving patients' lives globally.” The acquired T1V medical business will be fully integrated into KARL STORZ over the next 12 months, including all operations, research and development activities, sales support, and technical services. As part of the acquisition, a team of ten T1V employees relevant to the medical business will transition to KARL STORZ. Christy Gaudet, KARL STORZ’s Vice President Sales & Marketing Surgical & OR1 in the US, added: “Hundreds of successful CollaboratOR installations exemplify our dedication to innovation and digitalization. We are proud to offer a unique, best-in- class integration solution, highlighted by CollaboratOR and strengthened by this acquisition.”
“As a company rooted in innovation, we are proud to see our technology continue to thrive as part of KARL STORZ’s vision for the future of healthcare,” says T1V CEO Adam Loritsch. “We are confident that this acquisition will benefit patient care around the globe, while T1V sharpens its focus on delivering groundbreaking solutions to our customers in enterprise and higher education.”
T1V has earned a reputation for excellence in large-scale, touch-interactive technology, providing transformative solutions for sectors including healthcare, enterprise, and education. The sale of its medical business allows T1V to dedicate its full energy and expertise to serving its enterprise and higher education customers.
“Our mission has always been to enable seamless collaboration across teams, organizations, and industries,” Loritsch continues. “With this transition, we remain committed to providing industry-leading visual collaboration solutions to enterprises and higher education institutions, empowering them to innovate and succeed.”
