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Synopsis
Valsoft, a designer and developer of software applications, completed the acquisition of TDO Software, a developer of widely used endodontic practice management software solutions, from Sonendo, a dental technology company and developer of the GentleWave® System for $15m. “Today’s announcements reflect Sonendo’s commitment to balancing responsible cash preservation while pursuing long-term growth opportunities for the GentleWave system. TDO is a great technology, and we look forward to continued partnership with the team at Valsoft. Moving forward, this divestiture allows Sonendo to focus solely on growing awareness and adoption of the GentleWave procedure. At the same time, we know TDO users will be in great hands with Valsoft’s focus on furthering the TDO practice management software platform,” Bjarne Bergheim, Sonendo President and CEO.
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