About Ascender Software
Ascender Software is a Healthcare company based in San Diego (United States) founded in 2004, and was acquired by Matrix Medical Network in August 2012. Healthcare analytics solutions are provided to enhance organizational performance. Ascender Software has raised $864.5 thousand across 1 funding round from investors including Matrix Medical Network. The company was acqui-hired. Its focus areas include HealthTech, Healthcare IT, Horizontal and Regulatory. Its competitors include MetricStream, ProviderTrust and Mighty; 3 of its 3 listed competitors have raised funding.
Company details
Ascender Software was founded in 2004 in San Diego, United States, focusing on healthcare data analytics. Solutions are delivered to organizations seeking improvements in HEDIS, P4P, HCC, PQRI, and STARS outcomes. Modules such as Pay for Performance are utilized for collecting and reporting clinical data, while tools manage patient communications and apply algorithms to detect coding errors. Acquisition by Matrix Medical Network occurred later.
- Headquarters San Diego, United States
- Stage Acquired
- SectorsHealthcare
- Website ascendersoft.com
- Social LinkedIn X
- Acquired by Matrix Medical Network (Aug 2012)
- Total Equity Funding$864.5K (USD)
in 1 rounds
- Latest Funding Round$864.5K (USD), Seed
Nov 2011
- Investors
- Acquired byMatrix Medical Network
(Aug 2012)
Funding Insights of Ascender Software
Ascender Software has successfully raised a total of $864.5K through 1 strategic funding round. The most recent funding activity was a Seed round of $864.5 thousand completed in November 2011. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $864,500
- Total Rounds 1
- Last Round Seed — $864,500
- First Round $864,500
(Nov 2011)
All 1 funding rounds of Ascender Software with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2011 | $864,500 | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in Ascender Software
Ascender Software has secured backing from 1 investor. Prominent investors backing the company include Matrix Medical Network.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Data analytics and managed services are provided for healthcare sectors. | 2001 | matrixmedicalnetwork.com | Scottsdale, United States |
Investor details for Ascender Software
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Ascender Software
3 dated milestones of Ascender Software across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Ascender Software is founded.
- Funding First funding round of $864K.
- Exit Acquired by Matrix Medical Network.
Competitors of Ascender Software
Ascender Software has 3 listed competitors in our database, 3 of them funded. They include MetricStream, ProviderTrust and Mighty.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| metricstream.com | 1999 | San Jose, United States | $213.35M | 515 | Cloud-based regulatory solutions are provided for financial institutions. | |
| providertrust.com | 2010 | Nashville, United States | $1.75M | 94 | SaaS-based compliance monitoring for healthcare exclusions is provided. | |
| mighty.com | 2015 | New York, United States | $14.25M | 33 | Software solutions for legal funding management are provided. |
Detailed competitors of Ascender Software
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as Ascender Software (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Frequently Asked Questions about Ascender Software
Ascender Software was founded in 2004 and raised its 1st funding round 7 years after it was founded.
Ascender Software is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Ascender Software is a funded company, having raised a total of $864.5K across 1 funding round to date. The company's 1st funding round was a Seed of $864.5K, raised on Nov 2011.
Ascender Software was founded in 2004 in San Diego, United States, focusing on healthcare data analytics. Solutions are delivered to organizations seeking improvements in HEDIS, P4P, HCC, PQRI, and STARS outcomes. Modules such as Pay for Performance are utilized for collecting and reporting clinical data, while tools manage patient communications and apply algorithms to detect coding errors. Acquisition by Matrix Medical Network occurred later.
Ascender Software's top competitors include ProviderTrust, Mighty and MetricStream.
Ascender Software has 1 investor. Key investors include Matrix Medical Network.
Yes. Ascender Software was acquired by Matrix Medical Network in August 2012.