About PracticeTek
PracticeTek is a company based in Knoxville (United States) founded in 2020 was acquired by Lightyear Capital in December 2021.. PracticeTek has completed 3 acquisitions, including ChiroTouch, GrowthPlug and PracticeTek. PracticeTek offers products and services including RevolutionEHR and ChiroTouch. PracticeTek operates in a competitive market with competitors including Medicus IT, Cognosante, Osana Salud, Xylo Technologies and Palta, among others.
- Headquarter Knoxville, United States
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Sectors
Healthcare
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
ChiroTouch
& 2 more
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Acquired by
Lightyear Capital
(Dec 14, 2021)
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Products & Services of PracticeTek
PracticeTek offers a comprehensive portfolio of products and services, including RevolutionEHR and ChiroTouch. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Cloud-based system for optometry practice management and patient records.
Platform to simplify chiropractic billing and insurance reimbursements.
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Funding Insights of PracticeTek
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PracticeTek
PracticeTek has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Lightyear Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm investing in financial services sector
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PracticeTek
PracticeTek has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include ChiroTouch, GrowthPlug and PracticeTek. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based dental practice management software is provided for practices.
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2023 | ||||
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Healthcare practice management and growth consulting services are provided.
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2016 | ||||
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Chiropractic practice management software is provided for efficiency.
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - PracticeTek
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Practicetek Comparisons
Competitors of PracticeTek
PracticeTek operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Medicus IT, Cognosante, Osana Salud, Xylo Technologies and Palta, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
IT suite services are provided to the healthcare industry.
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Data science, IT tools, and infrastructure services are provided.
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Healthcare infrastructure services are delivered via API connections.
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Healthcare, managed, and IT outsourcing services are provided.
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Healthcare technology services are provided by Palta across various platforms.
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| domain | founded_year | HQ Location |
Digital solutions for medical record release and audits are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Practicetek
Frequently Asked Questions about PracticeTek
When was PracticeTek founded?
PracticeTek was founded in 2020.
Where is PracticeTek located?
PracticeTek is headquartered in Knoxville, United States. It is registered at Knoxville, Tennessee, United States.
What does PracticeTek do?
PracticeTek was founded in 2020 in Knoxville, United States, as a provider of software services. Operations are centered on delivering technological solutions through its domain, practicetek.com. The company functions within the software industry, focusing on client needs in various sectors. Services are extended from its base in the United States, supporting business processes with practical software applications.
Who are the top competitors of PracticeTek?
PracticeTek's top competitors include Cognosante, Medicus IT and Palta.
What products or services does PracticeTek offer?
PracticeTek offers RevolutionEHR and ChiroTouch.
How many acquisitions has PracticeTek made?
PracticeTek has made 3 acquisitions, including ChiroTouch, GrowthPlug, and PracticeTek.
Who are PracticeTek's investors?
PracticeTek has 1 investor. Key investors include Lightyear Capital.
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