# Harmony Information Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/harmony-information-systems

- Industry: Business Support Services
- Headquarters: Reston, US
- Website: www.harmonyis.com
- Total disclosed funding: $35M
- Latest round: Series B (Oct 31, 2007)
- Investors on record: 4

## About

Harmony Information Systems specializes in innovative software solutions for home and community-based services, streamlining care management for Medicaid and other federally funded programs across the United States.Harmony Information Systems provides software tailored for home and community-based services, focusing on Medicaid waiver management. The company is headquartered in Reston, US, and was acquired by Mediaware International Pty. Ltd. in June 2014, although financial terms of the deal were undisclosed. Harmony has engaged in a total of 4 deals, with its most recent funding round being a VENTURE DEBT of USD 4.00 mn from Wellington Financial, boosting its total amount raised to USD 28.00 mn.Harmony Information Systems offers a comprehensive suite of WellSky® software designed to optimize the management of Medicaid waivers and related services. This modular software supports eligibility, intake, assessments, and claims processing, and is used by over 70% of U.S. states and various health systems, ensuring compliance with Medicaid standards and effectively serving vulnerable populations.The revenue model for Harmony Information Systems primarily relies on subscription services for its WellSky® software. The company enters multi-year agreements with clients, including government agencies and healthcare providers, providing access to a range of tools that enhance service delivery and compliance reporting, thus driving consistent revenue through structured partnerships.Looking ahead, Harmony Information Systems aims to expand its product offerings and enhance existing solutions in the HCBS sector. While specific upcoming product launches have not been disclosed, the recent VENTURE DEBT will be utilized to support further software development and market expansion initiatives. The company continues to explore growth opportunities in new geographic regions, although specific targets have not yet been made public.

## Funding rounds

- Series B, Oct 31, 2007, $28M — Updata Partners, JMI Equity, ORIX Growth Capital, Comerica Bank
- Series A, Nov 2, 2006, $7.4M — Updata Partners, JMI Equity

## Investors

- Updata Partners (https://capitalatlas.ai/funds/updata-partners) — Series A, Series B
- JMI Equity (https://capitalatlas.ai/funds/jmi-equity) — Series A, Series B
- ORIX Growth Capital — Series B
- Comerica Bank — Series B