Ultralinq has acquired Intelesens, a wearable device manufacturer spun out from Ulster University in 2001.
Intelesens, a UK-based wearable device maker based on Ulster University research, has been acquired by medical image management platform Ultralinq for an undisclosed amount, the Irish Times reported yesterday.
Founded in 2001, Intelesens produces wearable, wireless devices that monitor vital signs. The technology is aimed both at a hospital setting and home patient monitoring. The spinout will continue to operate under its current name.
Intelesens’ shareholders include Innovation Ulster, the tech transfer office of Ulster University. The spinout has continued to cooperate with the institution’s nanotechnology and integrated bioengineering centre over the years.
Deirdre Francis, chief finance officer of Intelesens, said: “We will very much be continuing as we are. It is business as usual and we will stay based in Belfast, but the deal is very exciting for us in terms of the development of the platform.”
Paddy Nixon, vice-chancellor of Ulster University, said: “The ability of Intelesens to develop such engineering and healthcare advances and then rapidly commercialise them is testament to its world-leading research and outstanding business leadership.
“This acquisition by Ultralinq, a company already well established in the global medical technology sector, is an endorsement not just of Intelesens but of the wider knowledge base at Ulster University.”
