Brighter is a Swedish company listed on Nasdaq First North in Stockholm, Sweden. First North is NASDAQ OMX‘s European growth market, a “MTF”. As a marketplace, First North does not have the same legal status as a regulated market. Listed companies on First North are regulated by the rules of First North and not by the legal demands required for trading on a regulated market.
A placement in a company that is listed on First North carries a higher risk than a placement in a regulated market. Every company on First North has a Certified Adviser to ensure that it complies with all requirements and rules. NASDAQ OMX Stockholm approves the application to become listed on First North.
COO: Henrik Norström +46 (0)733 40 30 45
CEO: Truls Sjöstedt +46 (0)709 73 46 00
The company currently offers a number of assistive devices and trainings related to eldercare and nursing. The company is represented via distributors in Europe and Asia.
“On a formal level, the jDome company is buying Bestic, but we consider this to be more of a merger with clear synergies. When we acquired jDome BikeAround, we already saw that this is a market that is worth developing and that the market for healthcare and nursing should embrace future consolidation.
Through the restructuring, the sale of jDome can be made much more efficient. Furthermore, we see Bestic’s product range as complementing jDome, and together we can take better advantage of the market potential,” says Henrik Norström, previous CEO for Brighter Two and COO for Brighter.
“Bestic and the jDome team are currently working with the same customer groups, and now when we become Camanio Care, we will not only be able to take advantage of each other’s knowledge, but we will also have an expanded distribution network, larger sales force and new contacts. Together, we will become a larger and stronger company, and we see major growth potential for our joint offerings. In addition, we also see possibilities for taking advantage of future opportunities for consolidation on the innovative market for nursing and healthcare assistive devices, which is currently made up of many small companies,” says Catharina Borgenstierna, CEO at Bestic.
The deal for subscriptions solutions means that Brighter’s connected diabetes management device for insulin-treated diabetes patients, Actiste®, will be available on the Swedish market through Telia’s digital healthcare solution. The deal with Telia, like the partnership initiated with Ericsson in 2015, is an important milestone towards Brighter’s vision for the future of healthcare, and it allows Brighter to move towards the design of a joint launch plan for Actiste.
“Of course we are very happy to finally have a first mobile operator agreement in place.
It is clear that Telia shares our vision and idea about how the world is changing. Patients with chronic illnesses, such as diabetes, will be able to generate data for both their illness and their treatment, which creates a huge value for the patients themselves as well as for the healthcare industry. But researchers, pharmaceutical companies, and society in general also benefit,” explains Truls Sjöstedt, founder and CEO of Brighter.
Patients use Actiste to measure blood sugar levels and can even inject insulin as needed. All these values are automatically logged and communicated to each patient’s personal cloud account via Actiste’s built-in independent wireless connection, enabling patients to share the information with their doctors and health care providers through Telia’s platform.
“For many years, Telia has been a leader in pushing for digitalization in society. We want to work towards creating a closer and better communication between people and healthcare using technology, leading to better, less expensive care, and increasing life satisfaction for everyone with chronic illnesses. This kind of cooperation is another step in that direction,” says Niklas Sundler, head of Telia’s healthcare initiatives.
Brighter will now continue its negotiations with operators in the rest of the world, primarily in Southeast Asia, where the number of diabetes patients and the need for better diabetes care is growing rapidly.
Last fall Brighter entered into a partnership with Ericsson in the mobile health area in order to simplify connecting its equipment. Through Ericsson Device Connection Platform as a Service it will be possible for mobile operators like Telia to connect their customers with Actiste.
“Brighter’s first agreement with an operator that offers Ericsson’s Device Connection Platform as a Service is great news, and it’s a first step towards building more efficient healthcare structures on a global basis, which can improvequality of life for patients and contribute to savings for the health care industry. This agreement strengthens our strategic work with global OEMs and their solutions for connectivity, and it creates a preference for Device Connection Platform as a Service and thereby a larger market for our operators, says Anders Olin, Vice President, Product Area Network Applications, Business Unit IT and Cloud at Ericsson.
Brighter selects Ericsson’s Device Connection Platform (DCP) to open up to the world’s mobile network operators to connect their customers to Brighter’s cloud platform The Benefit Loop™ and Actiste®.
“We are very pleased to partner with Ericsson, which has a world-leading platform for connecting devices to mobile networks, popularly called the Internet of Things – “IoT”, which includes global device connectivity management, says Brighter’s CEO and founder Truls Sjöstedt. The cooperation gives us not only the best technical platform, but also access to Ericsson’s customers – the mobile network operators, who through Brighter’s offer can access a new market segment on their existing customer base. It’s a win-win where all three parties receive the opportunity to develop their business on a new, exciting and growing market – mHealth.”
“We look forward to working with Brighter, says Anders Olin, Vice President, Product Area Network Functions, Business Unit Cloud & IP at Ericsson. “IoT” is already a core area for Ericsson and mHealth is an area with great future potential. The service Brighter provide is very interesting for Ericsson because it can contribute to a substantial increase of connected devices based on the DCP services Ericsson offers. The connection to the mobile network is a central element in the collaboration with Brighter, and together we will design the implementation of the infrastructure required for The Benefit Loop. The strong demand for the new subscription based services among the world’s mobile operators have become increasingly prominent, and we think that Brighter’s platform the Benefit Loop, combined with connected devices such as the new generation of Brighter One, can create new opportunities for operators to grow outside the highly competitive telephony and data market.”
Online med-tech solutions provide opportunities to continuously improve treatment quality and recommendation quality. The acquisition of Division By Zero(DBZ), the company behind jDome BikeAround®, is a step closer toward realizing Brighter’s strategy to provide increased measurement points and improved health profiles for individuals – based on valid, continuous data. Health care providers, patients, and society benefit from these data.
By expanding its IP portfolio, Brighter injects value into its Benefit Loop™ – Brighter’s platform for collecting, analyzing, and sharing data between the involved stakeholders in the chain of disease management. The portfolio now also will contain unrivalled technologies for registration and feedback regarding human reactions to targeted stimulation. Division By Zero’s technology contributes key capabilities for current and future product development with the option to follow movement, facial expressions, and activity.
The jDome BikeAround® product contains this technology, which has quickly become a popular activation and rehabilitation tool in various medical facilities. The users can bicycle in a sphere in which any environment can be continuously projected, which stimulates memories and motivation. Collaboration between the founder of Division By Zero, John Nilsson, and the developers behind Google Street View enabled this implementation.
Eric Schmidt, Google’s executive chair, doesn’t publicly recognize many companies. Division By Zero is one of the few. And many other world-leading companies, including Intel, indicated their interest in the work that John Nilsson and his team put into augmented reality and virtual reality technologies.
“Combining virtual reality with data collection and analysis is evidently a very attractive combination.” Truls Sjöstedt, Founder and CEO Brighter.
So far we have a global partnership with Ericsson for the global connectivity and fleet management of our devices, which has also been key to signing our first roll-out agreements with Telia Company for Sweden and Indosat Ooredoo for Indonesia. Too secure glocal manufacturing we have selected Sanmina as our partner. We partner with companies that have a substantial pool of resources and knowledge. The momentum created in combination with smart and cost effective communication and marketing strategies, will ensure a fast uptake on the market of the products and services we offer. And in the end ensure financial growth on a short and long term perspective.