At the end of January it became clear that one of the key mobile health industry partnerships would soon be coming to an end: AllOne Mobile offered Diversinet a $3 million break-up fee. Six months later after the two companies finally came to a settlement, AllOne Mobile has agreed to pay Diversinet $4 million. AllOne’s parent company has also agreed to relinquish its almost 7 million shares in Diversinet. The partnership is now officially dissolved.
Diversinet provided security and encryption for AllOne mobile users’ health information and also enables the software to run across a number of mobile platforms. The AllOne-Diversinet partnership secured deals with the U.S. Army, Significa Insurance Group (Significa), Erin Group Administrators (EGA), Blue Cross NEPA and others. The company also has partnerships with Microsoft HealthVault, MedFlash, and Clickatell. With the exception of BCNEPA — which is affiliated with AllOne’s parent company — Diversinet has maintained its relationships with the remaining partners.
This week MobiHealthNews interviewed Diversinet’s CEO and Chairman Albert Wahbe to discuss the dissolution of the AllOne Mobile partnership, Diversinet’s four target customer groups, and where the company goes from here.
“I am happy and excited about [the settlement] on behalf of the employees and our shareholders,” Wahbe told MobiHealthNews. “I consider it the beginning of stage three for our company. Our first task was to secure the mobile infrastructure and architect secure mobile applications, which we did in our past experience in the banking world. We also successfully proceeded to take our application across all existing mobile technologies be they iPhone, Android, BlackBerry or PCs and others. We ensured these applications were secure and connected for the mobile world.” Keep reading>>