PACS and connectivity firm Merge Technologies had revenues of $3.5 million in its second quarter, up 28% compared with the $2.8 million reported in the same period in 1999. For the period (end-June 30), the Milwaukee-based vendor had a net loss of $879,000, compared with a net loss of $504,000 in the same quarter last year.
The firm is accelerating its focus on direct sales and the marketing of systems solutions, according to president and CEO William Mortimore. Merge also announced the search for a new COO, and plans to hire an investment bank for advisory services.
By AuntMinnie.com staff writers
August 3, 2000
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