Premier IT Networks

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Premier IT Networks - overview

Established

1991

Location

London, -, UK

Primary Industry

Software

About

Premier IT Networks specializes in delivering innovative software solutions for the healthcare sector, focusing on workforce management, patient flow optimization, and enhancing operational efficiency. Founded in 1991 and headquartered in London, UK, Premier IT Networks develops software solutions tailored specifically for healthcare operations. The company was acquired by Node4 in July 2015 for GBP 3 million, marking a strategic pivot in its business structure. The CEO, Fred Methodology, leads the firm with a vision for growth and innovation in healthcare technology.


Premier IT offers a comprehensive suite of software solutions tailored for the healthcare sector, focusing primarily on workforce management, patient flow optimization, and operational efficiency. Their core products include an online Appraisal and Revalidation system that adheres to NHS standards, a multi-source feedback solution for gathering insights from colleagues and patients, and a Job Planning system designed to streamline the deployment of medical resources. These products are engineered to enhance operational excellence, support staff engagement, and improve patient care, addressing critical pain points in healthcare delivery such as compliance, resource allocation, and performance tracking. Premier IT serves a diverse client base of over 200 healthcare organizations across the United Kingdom, catering to healthcare professionals, administrative staff, and ultimately the patients receiving care.


Their solutions are deployed in various healthcare environments including hospitals, clinics, and other healthcare facilities, with a focus on optimizing processes and improving overall service delivery. Premier IT generates revenue through a structured model that includes subscription-based transactions and partnerships with healthcare providers. The company’s flagship products, such as the Appraisal and Revalidation system and the e-Rostering solution, are offered on subscription plans that provide ongoing access to software updates, support services, and compliance tracking features. Clients engage in annual contracts, which allow them to utilize these solutions while ensuring they meet required regulatory standards.


Additionally, Premier IT's offerings are designed with scalability in mind, enabling healthcare organizations to adapt their services as their needs evolve, thereby creating long-term client relationships and consistent recurring revenue. The company's pricing plans reflect the comprehensive nature of its services, addressing various administrative needs and operational requirements within client organizations. Premier IT Networks is focused on expanding its product offerings and geographic reach. Upcoming products aimed at enhancing operational efficiency in healthcare are currently in development, with plans for launch in the near future.


The company is also strategizing to enter international markets, specifically targeting regions in Europe and North America by the end of 2025. The recent funding from Node4, following the acquisition in July 2015, will be utilized to support these growth initiatives.


Current Investors

Node4 Ltd.

Primary Industry

Software

Sub Industries

Medical Software

Website

www.premierit.com

Verticals

Cloud Computing

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Premier IT Networks - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedPremier IT Networks-

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