In a blog posted on the Vocera and Engage websites, Rob Born, vice president of corporate and business development at Vocera, called the acquisition the most significant in the company’s history, and noted it is part of a two-plus-year acceleration of business momentum at Vocera.

“By teaming up with Extension, we will be able to provide the most robust and comprehensive communications and collaboration offering on the market, without exception,” he wrote.


Born noted that their core strengths are “highly complementary” and the culture of both companies was similar, which should make for a smoother M&A transition.

Apparently investors also liked the deal because shares of Vocera were up more than 13 percent after the acquisition was announced and up more than 40 percent on the year when the market closed on Thursday, according to the Silicon Valley Business Journal. The news of the Extension Healthcare acquisition also came as Vocera third-quarter earnings topped expectations.

For the third quarter, Vocera lost about $1.2 million but had a 28 percent increase in revenue to $33.8 million, compared to a net loss of about $4.5 million the year before, SVBJ reported.

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