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Kryptiq Sells Software Line

Portland-based Kryptiq, publisher of a doctor-to-patient collaborative platform, announced Tuesday that it has sold its Choreo health plan network management software to Portico Systems. Financial terms of the transaction were not disclosed. Kryptiq said it will use sale proceeds to further develop its flagship product suite, Connect IQ. The firm noted that, by narrowing its focus, it is better positioned to capitalize on an increasing demand for its Connect IQ product, which saw a 60 percent increase in revenue last year. Headquartered in Blue Bell, Pa., Portico develops integrated provider management systems for the health care industry.


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