@ Accuray buys Morphormics for $5.7M | SEBIO

Accuray buys Morphormics for $5.7M

Posted by on Jul 17, 2012

CHAPEL HILL, NC – Accuray is moving  past its licensing agreement with Morphormics and just buying the company  outright, spending $5.7 million to acquire the developer of imaging  software.

Morphormics was founded by University of North Carolina at Chapel Hill  faculty, and Accuray has licensed its autocontouring imaging technology  since 2008 for radiosurgery devices. With the acquisition, Accuray plans to put  the software to use in its CyberKnife and TomoTherapy techs, the company  said.

“The acquisition of Morphormics will expand Accuray’s IP portfolio, reduce  our licensing expenses and strengthen our engineering team with top talent from  the University of North Carolina at Chapel Hill,” Euan Thomson, Accuray’s CEO,  said in a statement.

The latest acquisition is designed to improve the efficiency of some techs  Accuray acquired in its last buyout, a $227 million purchase of TomoTherapy in  2011. That deal brought Accuray the company’s eponymous radiation therapy device  and spurred sales growth. Since then, the company has partnered with  universities in Germany to expand the adoption of CyberKnife, a robotic  radiosurgery device.

http://www.fiercemedicaldevices.com/story/accuray-buys-morphormics-57m/2012-07-17?utm_medium=nl&utm_source=internal

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