Intel Capital, the strategic investments branch of US chip manufacturer Intel, is buying a minority stake in Brazilian medical imaging company Pixeon, which uses a picture archiving and communication system (PACS), Intel said in a statement.
Based in Santa Catarina state, Pixeon is reportedly the largest Brazilian company using PACS, a technology that facilitates the management and processing of medical images. PACS is designed to lower costs and create efficiencies for hospitals and clinics.
With the capital injection, Pixeon will be able to further expand its operations in Brazil and Argentina and into other Latin American countries as well, according to Intel Capital.
Pixeon is focusing on expanding its commercial and R&D departments, and on developing new technologies such as the latest generation of its PACS-Aurora 3D visualization product.
Although PACS is already a billion dollar market worldwide - worth some US$3.5bn in 2010 - the segment is still in its infancy in Brazil, with a relatively small number of clinics and hospitals using it.
Pixeon has a national presence with more than 150 PACS installed. The company launched its operations in Argentina earlier this year.