Beverly, MA-based Eliza, a developer of speech recognition technology for communicating healthcare information to patients, has taken in a growth investment from Parthenon Capital Partners, a Boston- and San Francisco-based private equity firm. The total of the investment was not disclosed, but it marks the first time Eliza has received institutional funding since founding in 2002. The company said that the money will go to providing partial liquidity to certain shareholders and to funding future growth initiatives. Eliza founders and senior management will still own a majority of the company.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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