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Sectyr Acquires LicenseTrak To Bring License Management And Automated Credential Verification To The SectyrHub Platform

The move will result in an expansion of the SectyrHub compliance platform bringing added functionality to customers and furthering the company’s mission of helping customers achieve Continuous Program Compliance

Sectyr announced the acquisition of LicenseTrak, a SaaS based application suite centered on regulatory compliance.

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“I am very excited about integrating the existing LicenseTrak™ products as well as using these feature sets to further our compliance mission,” said Sectyr® CEO James Lawson. “The addition of the LicenseTrak™ toolset is a natural fit for our customers and will allow us to continue growth into other healthcare compliance markets”

With this acquisition, Sectyr® aims to bring additional compliance elements together in the SectyrHub® platform, enabling customers to have a single location for compliance management across the continuum of hospital, clinic, pharmacy, and other healthcare operations. Using LicenseTrak’s unique web-based automated primary source verification as well as overall license management adds powerful tools to overall compliance efforts and sets the stage for future platform expansion.

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“I’m excited to work with the LicenseTrak™ team and bring their unique feature set to the market,” said Sectyr® President Craig Frost. “By bringing these two companies together we will be able to offer a more comprehensive approach to compliance for our customers.”

On October 27th, Tony Zappa, creator of LicenseTrak™, will become SVP at Sectyr® and will continue to lead the LicenseTrak™ product line. LicenseTrak will continue operations inside the SectyrHub® platform offering expanded product functionality all while continuing to maintain their excellent customer support.

“The ability to bring our unique license management capabilities to the already feature-rich SectyrHub® platform will enable us to grow and continue to innovate,” said Tony Zappa, LicenseTrak creator.

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[To share your insights with us, please write to sghosh@martechseries.com]

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