Tuesday, September 20, 2011

Calypso Medical Technologies Acquired

Seattle-based Calypso Medical Technologies, the developer of real-time tumor tracking systems for the radiosurgery and radiotherapy market, has been acquired by Varian Medical Systems, the two firms said Tuesday. Varian will pay approximately $10M for Calypso , plus unspecified earnout. The companies said that Calypso currently currently generates more than $15 million in annual revenues from sales and service. Calypso Medical had raised north of $100M in venture funding, from such companies as Bay City Capital, Frazier Healthcare Ventures, Interwest Partners, and Skyline Ventures. The last funding round announced by the firm was $50M in September of 2009.