Business Overview
NDS Surgical Imaging (“NDSSI”) is a San Jose, CA based innovator in medical imaging and integration technologies for today’s operative and interventional suites, including diagnostic imaging. The company created the industry’s first Digital Signal Processing (DSP) technologies for Minimally Invasive Surgery (MIS) viewing applications in 1996. NDSSI’s core product is a line of LCD surgical displays utilized in many of the world’s leading healthcare facilities. NDSSI collaborates with the world’s leading medical technology manufacturers, hospital centers, and clinicians to deliver high quality, forward-thinking medical imaging technologies.
Recent years have seen NDSSI experience major growth with products covering the surgical imaging, interventional imaging, radiology, and infection control markets. The company has a strong global presence in over 35 countries and is a significant player in the $14 billion medical imaging market.
Investment Summary
NDSSI’s owner managers were seeking the capital and the guidance that an experienced med-tech investor could bring to the company in support of its efforts to manage the rapid growth of the business. As the leader in its field, NDSSI had numerous expansion and liquidity opportunities and Riverside was well positioned to help the company capitalize on them.
Riverside’s investment in NDSSI was predicated on the company’s leadership position in the surgical LCD market. The innovation and growth in minimally invasive surgery has fueled strong demand for large and high performance displays. Additionally, Riverside and the management team have identified numerous areas for product expansion within the surgical suite.
Riverside’s partnership with NDSSI has resulted in the company’s being able to expand its manufacturing and service capabilities. Riverside has also helped to accelerate growth for NDSSI by supplementing their seasoned management team with additional management talent, including a highly seasoned and professional CEO. In 2008, Riverside sourced and closed the highly strategic add on acquisition of Dome Imaging, a leader in Radiology visualization products. With a significant increase in size and scope the company is now becoming a leader in medical visualization technology.