Thursday, March 20, 2014

Welltok, Backed By Trio Of Socal Investors, Buys Mindbloom

Welltok, a developer of online applications to help employees improve their health--and also help companies manage their health programs--has acquired Mindbloom, a developer of mobile apps for improving your health. Welltok is backed by a trio of Southern California investors, including Qualcomm Ventures, Miramar Venture Partners, and Okapi Venture Capital. Financial terms of the buy were not disclosed. Welltok is based in Denver, Mindbloom in Seattle. Welltok's CEO, Jeff Margolis, founded health management firm TriZetto in Orange County, and later sold TriZetto to Apax Partners in a huge, $1.4 billion deal in 2008. TriZetto was later moved to Colorado by its new private equity owners.

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