ResMed Acquires Ectosense, Maker of NightOwl Home Sleep Test

Oct 1, 2021

ResMed today has completed the acquisition of Ectosense, makers of the NightOwl cloud-connected home sleep test (HST).

Ectosense’s FDA-approved NightOwl is sold in the United States, Australia, New Zealand, India, and parts of Europe. ResMed has distributed NightOwl in Australia and India since 2020 under the brand “ResMed onesleeptest,” and has been a minority investor in Ectosense since July 2020. A ResMed spokesperson notes in an email to Sleep Review that the NightOwl disposable HST is consumer-friendly because “it is digital and easy to use in lab or at home.”

ResMed will continue to sell its ResMed ApneaLink Air home sleep test device; “it’s enabled sleep labs, doctors, and other clinicians to process over 1.5 million diagnostic sleep tests in the cloud,” according to the ResMed spokesperson.

“Sleep labs and home tests each have critical roles to play in expanding our reach and identifying the 936 million people worldwide who have sleep apnea,” says Jim Hollingshead, ResMed president of Sleep & Respiratory Care, in a release. “We believe Ectosense’s digital and easy-to-use solutions in the hands of both sleep lab technicians and consumers worldwide can help significantly increase diagnoses, as well as general awareness of this highly prevalent, 100% treatable disease. For millions of people, their best night’s sleep must start with a diagnosis.”

ResMed plans to focus on scaling up in the regions where ResMed sells NightOwl today and will continually assess other opportunities.

Justin Leong, ResMed president of Asia and Latin America, says in a release, “In developing markets, we need to make sleep tests affordable, accessible and easy to use. Ectosense’s clinically validated, consumer-friendly devices will enable us to help millions of people in many markets improve their sleep and overall health. We’re excited to welcome Ectosense’s life-changing team to the ResMed family.”

Frederik Massie, chief technology officer and cofounder of Ectosense, says in a release, “ResMed has the global reach and passionate ambition to help increase patient access to Ectosense’s proven diagnostic solution and a path to better sleep and overall health. It will take the combined efforts of sleep labs and connected home solutions like NightOwl to identify a significant portion of the hundreds of millions of people suffering from this disease that don’t even know it.”

Ectosense will operate within ResMed’s Sleep and Respiratory Care business. The transaction is not material to ResMed’s consolidated financial results; its financial terms were not disclosed.

Insurtech BROKERCLOUD raises 1.4 million EUR to accelerate growth

Bornem, Belgium - February 5th, 2021

In order to finance its further growth, both nationally and internationally, BrokerCloud, an insurtech located in Belgium, raises 1,435,000 EUR in new capital. Lead investor is Saffelberg Investments. In 2020, the company already raised a half million EUR in equity.

BrokerCloud entered the market in 2018 as an innovative platform and challenger to the existing Broker Management Systems. In 2019, Ensur Ventures and Capo Tech joined the capital, with the ambition to develop BrokerCloud into an open digital platform seamlessly connecting brokers with clients, insurance companies, and other insurtechs. Appropriately that mission goes by the name of BrokerCloud Connected. Meanwhile, the digitization wave in the insurance sector has accelerated, not in the least due to Covid-19. Last year, more than 100 broker offices switched to BrokerCloud, and new partners were integrated, among which leading insurtechs such as WeGroup, myFaro, Keypoint and Teledesk Group. A first presence in Luxemburg was established. In 2022, other European countries are scheduled to follow.

BrokerCloud’s mission is being realized for and together with insurance brokers. Those should become increasingly the center of an ecosystem around the protection of people and their assets, as much as possible supported by new technologies.

Stephan Podevyn, CEO of BrokerCloud: “We are very honoured by the trust put into a young company like BrokerCloud by renowned investors like Saffelberg as well as existing investors. It reaffirms that we respond to an increasing need among insurance brokers. We are seeing a sharp increase of new and dynamic brokers linking to our platform. The new funding will allow us to scale up in sales, client service and development.”

Jos Sluys, CEO of Saffelberg: “Within the digital megatrend, the insurance sector is highly interesting, because it still has such a long way to go. We believe in the potential of insurtechs that offer smart digital solutions and end-to-end integrations. In the years to come, they will offer an important competitive advantage to providers, brokers, and clients. We are impressed by BrokerCloud, it completely meets our investment criteria.”

Geert Verhaeghe, CEO of Teledesk Group: “We are already working closely with BrokerCloud, leading to significant efficiency gains in claims handling. As the insurance industry continues to digitize, the role of the BrokerCloud platform will only increase.”

About BrokerCloud

BrokerCloud is a software company that develops and commercializes a digital management

platform (SaaS) for insurance brokers. It is active in Belgium and Luxemburg. In 2020, a turnover of 500.000 EUR was booked. In 2021, BrokerCloud expects to triple its turnover, and become profitable.

www.brokercloud.app

About Saffelberg Investments

Saffelberg Investments is an independent investment company with a €300 million capital base. It focuses on long term investments in fast-growing ventures through risk-bearing capital. Active across the globe, it participates in companies operating in diverse sectors.

www.saffelberg.com

For further information

Stephan Podevyn | CEO

M +32 496 57 10 49 | stephan.podevyn@Brokercloud.be

BrokerCloud BV | Puursesteenweg 390C | 2880 Bornem | Belgium | T +32 3 55 00000 | BrokerCloud.app |

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BRIKL announces $2.4 Million in Funding from Saffelberg Investments

Latest Growth Round for Rapidly Expanding Innovative 3D Design & eCommerce Platform

19 November 2020 - Leuven, Belgium

BRIKL , the world’s first end-to-end 3D design and ecommerce software platform, announced today that it has secured USD $2.4 million in growth funding from Saffelberg Investments. BRIKL was founded in 2017 in Belgium, with offices in the United States, Thailand, Mexico and Germany. Also based in Belgium, Saffelberg Investments is an early stage venture capital and later stage private equity firm with a USD $350 million capital base and a focus on SaaS, Artificial Intelligence, the Internet-of-Things and Life Sciences. The company will use the funds to enhance its suite of software products aimed at the sports and team wear industry and expand into packaging and consumer goods sectors.

BRIKL is a powerful and innovative hybrid platform that combines cutting edge design software, on-demand production and ecommerce. Using a simple point & click interface, custom designs can be created for any complex 3D form imaginable. Packaging, clothing, housewares, or other physical shapes can be easily decorated with colors, graphics, artwork, text, logo and images. Once finalized, designs are exported as print-ready files, saving thousands of dollars in production expenses and shortening the process by many days. Symbiotic with custom designs, users also have the ability to quickly set up online microsites to sell their unique creations.

BRIKL’s current clients include numerous top-tier sportswear brands such as Zoot Sports and Garneau, two global leaders in endurance sports; Eliel and Wattie Ink, two of the most popular triathlon and cycling apparel brands in the United States; Warrix, a leading sportswear brand in Thailand; and Vermarc Sport, a European-based cycling and triathlon team wear company.

“We’ve brought next generation tech to the custom made product category, which has been lacking for decades,” said Maarten Boone, CEO and Co-Founder of BRIKL. “We’ve been able to automate a lot of the design-to-manufacturing processes and group purchasing, which has helped our clients lower cost and increase revenue. This investment affirms the work we’ve been doing and the direction we’re going as we scale.”

“We are proud to welcome BRIKL into our portfolio of businesses that have solid potential for accelerated growth,” said Jos Sluys, Chief Executive Officer and Founder of Saffelberg Investments. “Companies that we invest in undergo an extreme financial audit and market analysis before we make any decisions, and BRIKL met our expectations. I’m looking forward to offering executive support and valuable expertise to BRIKL CEO and Co-Founder Maarten Boone and his team as part of our partnership.”

About BRIKL

BRIKL was founded in 2017 by Maarten Boone, Tobias Meixner and Jason Reinhardt to provide the best way to sell and make custom products online. Its software platform allows businesses to create unique designs in 3D online, automate customized products into print-ready files, and set up online microsites for dedicated sales to teams, clubs, schools, companies, and organizations. BRIKL employs people in offices in Belgium, the United States, Thailand, Germany and Mexico. For more information, visit www.brikl.com .

About Saffelberg Investments

Saffelberg Investments was founded by Belgian entrepreneur Jos Sluys after the successful merger of ARINSO International and Northgate Information Systems in 2007. The independent investment company has a $350 million USD capital base and participates in corporations operating in diverse sectors through equity and/or mezzanine financing. For more information, visit www.saffelberg.com .

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