With 25 percent growth in 2006 and 40 percent growth in 2007, iCAD officials purchased a small company, CAD Sciences, in New York, that developed an MRI exam for prostate cancer detection. The company, which employs about 110 workers, continued its growth over the years. “I wanted to keep the company for historical purposes in New Hampshire, but at the same time, I wanted to broaden the reach for hiring into Massachusetts and into Boston,” Ferry said last week, sitting in his Nashua office. ICAD grew rapidly over the years to come, developing a CT scanner product for colon cancer screening, and in 2006, after Ferry joined the firm, it moved from its north Nashua office to its current location on Spit Brook Road to better appeal to the Massachusetts workforce. and Qualia Computing Inc., of Ohio, that focused more on breast cancer detection software.Īt that time, the newly expanded company changed its name to iCAD (computer-aided detection) to better capture its new focus.
#Icad digitizer software#
In the early 2000s, the company expanded buying two businesses, Florida-based Intelligent Systems Software Inc. The medical imaging firm, first founded in 1984, existed for nearly 20 years as Howtek Inc., a digitizer company that converted X-ray images into digital form for easier reading and storage. But, still, it’s a whole different thing.” … I think it fits nicely with what we do. “Now we’re into the capital equipment and device segment, as well. “It’s been very challenging for us because, really, our core business was software,” said Ferry, who first joined the company in 2006.
#Icad digitizer series#
The Telegraph is profiling the company as part of a series on the region’s top economic engines – large employers whose stock is traded on Wall Street. The move, which vastly expanded iCAD’s offerings and the company’s reach, also gave it new life and new direction, according to CEO Ken Ferry. In 2010, iCAD officers purchased Xoft Inc., a California-based firm that focused on radiation therapy treatment.
But with sales suffering in the recession, iCAD officials have expanded their reach beyond cancer prevention.
For years, the Nashua-based medical technology firm was an industry leader in cancer screening software.
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