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InterSystems
Company typePrivate
Industrysoftware
Founded1978
FounderPhillip (Terry) Ragon
HeadquartersCambridge, Massachusetts
Key people
Phillip (Terry) Ragon, Founder and CEO
ProductsInterSystems IRIS
InterSystems IRIS for Health
Caché
Ensemble
DeepSee
HealthShare
TrakCare
GlobalsDB
Revenue$770 million (FY2020)
Websitewww.InterSystems.com

InterSystems Corporation is a privately held vendor of software systems and technology for high-performance database management, rapid application development, integration, and healthcare information systems. The vendor's products include InterSystems IRIS Data Platform, Caché Database Management System, the InterSystems Ensemble[1] integration platform, the HealthShare healthcare informatics platform and TrakCare[2] healthcare information system,[3] which is sold outside the United States.

InterSystems is based in Cambridge, Massachusetts.[4] The company's revenue was $727 million in 2019.

History

InterSystems was founded in 1978 by Phillip T. (Terry) Ragon, its current CEO.[5] The firm was one of the vendors of M-technology (aka MUMPS) systems, with a product called ISM-11 (an DSM-11 clone) for the DEC PDP-11 .[6] Over the years, it acquired several other MUMPS implementations: DTM from Data Tree (1993); DSM from Digital (1995);[7] and MSM from Micronetics (1998); making InterSystems the dominant M technology vendor.[citation needed]

The firm eventually started combining features from these products into one they called OpenM, then consolidated the technologies into a product, Caché, in 1997.[8] At that time they stopped new development for all of their legacy M-based products (although the company still supports existing customers). They launched Ensemble, an integration platform, in 2003[9] and HealthShare, a scalable health informatics platform, in 2006.[10] In 2007, InterSystems purchased TrakHealth,[8] an Australian vendor of TrakCare, a modular healthcare information system based on InterSystems technology. In May 2011, the firm launched Globals as a free database based on the multi-dimensional array storage technology used in Caché.[11] In September 2011, InterSystems purchased Siemens Health Services (SHS) France from its parent company, Siemens.[12] In September 2017, InterSystems announced InterSystems IRIS Data Platform, which, the company said, combines database management capabilities together with interoperability and analytics, as well as technologies such as sharding for performance.[13]

Products

The company's products include the following:

In 2020, InterSystems was named a Visionary in Gartner’s Magic Quadrant for cloud database management systems for its InterSystems IRIS technology.[14]

Customers

Epic Systems, a privately held health records vendor, is the company’s largest customer and has been using InterSystems technology for more than 40 years.[19] Epic originally built its electronic medical records software on InterSystems Caché but used InterSystems IRIS data platform as the foundation of a new release of its software launched in 2020.[19][20] As of 2022, Epic EMR software held the records of 78% of all U.S. patients and 3% of patients globally.[21]

In July 2020, the U.S. Department of Veterans Affairs launched a HealthShare-based platform called InterSystems Veterans Data Integration and Federation Enterprise Platform (VDIF EP) for developing longitudinal patient records.[22] VDIF EP enables care providers both within and outside the Veterans Health Administration to access veterans’ patient records.[23] The VA has used VDIF EP for tracking COVID-19 infections among veterans and VA medical personnel and for managing resource deployment across 172 VA medical centers and more than 1,000 outpatient clinics.[22][24]

Other major InterSystems customers include Credit Suisse, whose trading platform uses InterSystems Caché; the European Space Agency, which used InterSystems Caché for its Gaia mission to create a 3D map of the Milky Way; Mass General Brigham, which built its electronic health records system using InterSystems Caché and Ensemble; and the national health services of England, Scotland, and Wales, which use TrakCare for sharing patient health information and e-prescribing. 3M, BNY Mellon, Canon, Franklin Templeton, HSBC, MSC Mediterranean Shipping Company, Olympus, Ricoh, SPAR, and TD Ameritrade also use InterSystems software.[25][26][27][28][29]

Microsoft dispute

On August 14, 2008, the Boston Globe reported that InterSystems was filing a lawsuit against Microsoft Corporation, another tenant in its Cambridge, Mass., headquarters, seeking to prevent Microsoft from expanding in the building. InterSystems also filed a lawsuit against building owner Equity Office Partners, a subsidiary of the Blackstone Group, "contending that it conspired with Microsoft to lease space that InterSystems had rights to, and sought to drive up rents in the process".[30]

In 2010, CEO Terry Ragon led a coalition in Cambridge called Save Our Skyline to protest a city zoning change that would have allowed more signs on top of commercial buildings, partly in response to Microsoft's desire to put a sign on top of their shared building.[31]

Both disputes were eventually settled, and Microsoft and InterSystems agreed to both put low signs only in front of the building at street level.

References

  1. ^ "Ensemble".
  2. ^ "TrakCare".
  3. ^ "Database Management & Healthcare Information Systems | InterSystems". InterSystems Corporation. Retrieved 2018-01-08.
  4. ^ "InterSystems Worldwide Offices".
  5. ^ "Phillip T. (Terry) Ragon". intersystems.com. Retrieved 2020-01-12.
  6. ^ Coffey, Brendan (2014-07-18). "Little-known InterSystems grows to dominate an IT market in age of Obamacare". Washington Post. ISSN 0190-8286. Retrieved 2018-01-08.
  7. ^ Larry Goelz; John Paladino (1999-05-31). "Cover Letter re DSM". Compaq. Retrieved 2021-01-24.[permanent dead link]
  8. ^ a b "Who We Are". Archived from the original on August 8, 2014.
  9. ^ "Intersystems Launches Ensemble - Comprehensive Integration Platform Enables Rapid Implementation | InterSystems Corporation". InterSystems Corporation. Retrieved 2018-01-08.
  10. ^ "InterSystems Introduces HealthShare - High Performance, Massively Scalable Information Delivery Framework Targets RHIOs, HIE Networks Forming Worldwide | InterSystems Corporation". InterSystems Corporation. Retrieved 2018-01-08.
  11. ^ "Globals".
  12. ^ "InterSystems Takes Healthcare IT Leadership Position in France | InterSystems Corporation". InterSystems Corporation. Retrieved 2018-01-08.
  13. ^ "InterSystems press release".
  14. ^ a b "Magic Quadrant for Cloud Database Management Systems". Gartner. 2020-11-23. Retrieved 2021-01-20.
  15. ^ "InterSystems IRIS for Health™ was selected by Konica Minolta Japan for Rapid FHIR-Based Data Integration for Imaging Devices". www.businesswire.com. 2021-01-13. Retrieved 2021-01-20.
  16. ^ Pennic, Fred (2020-03-03). "InterSystems Launches HealthShare Managed Connections to Improve Data Exchange -". HIT Consultant. Retrieved 2021-01-22.
  17. ^ McArthur, Rachel (2020-11-26). "Saudi Arabia's IMC to adopt InterSystems TrakCare". Healthcare IT News. Retrieved 2021-01-20.
  18. ^ "Intersystems Ensemble". Outcome Healthcare. Retrieved 2021-01-20.
  19. ^ a b Jercich, Kat (2020-10-13). "Epic to use InterSystems as data foundation for latest EHR release". Healthcare IT News. Retrieved 2021-01-22.
  20. ^ Monegain, Bernie (2015-02-26). "What does InterSystems' Caché have to do with Epic's EHR?". Healthcare IT News. Retrieved 2021-01-22.
  21. ^ Adams, Katie (April 12, 2021). "31 Numbers That Show How Big Epic, Cerner, Allscripts & Meditech Are in Healthcare". Becker's Hospital Review. Retrieved June 12, 2022.
  22. ^ a b Jason, Christopher (2020-11-24). "InterSystems to Boost Patient Data Sharing Using Analytics". EHRIntelligence. Retrieved 2021-01-22.
  23. ^ Jason, Christopher (2020-12-21). "VA Taps Interoperability Platform for COVID-19 Vaccine Deployment". EHRIntelligence. Retrieved 2021-01-22.
  24. ^ "InterSystems helps VA ensure early veteran access to COVID-19 vaccine". Healthcare Purchasing News. 2020-12-22. Retrieved 2021-01-22.
  25. ^ Coffey, Brendan (2014-07-18). "Little-known InterSystems grows to dominate an IT market in age of Obamacare". Washington Post. ISSN 0190-8286. Retrieved 2021-01-22.
  26. ^ Moukheiber, Zina. "Behind Epic Systems, A Low-Key Health IT Company Called InterSystems". Forbes. Retrieved 2021-01-22.
  27. ^ Monegain, Bernie (2011-08-03). "Partners HealthCare clinicians go to mobile EHR". MobiHealthNews. Retrieved 2021-01-22.
  28. ^ Monegain, Bernie (2016-06-15). "InterSystems to roll out TrakCare for NHS in Scotland". Healthcare IT News. Retrieved 2021-01-22.
  29. ^ "TrakCare Lab live in Wales". Digital Health. 2013-10-21. Retrieved 2021-01-22.
  30. ^ Ross, Casey (August 14, 2008). "For Microsoft, not all is neighborly in Cambridge". The Boston Globe. Retrieved 2008-10-25.
  31. ^ Irons, Meghan (October 9, 2010). "Critics put city on notice over sign rules". boston.com. Retrieved 2016-04-06.

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