Diversinet brings in $1.6M from mHealth deals

By Brian Dolan
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allonephoneWho says there's no money to be made in the mHealth industry? Mobile authentication and security company Diversinet reported revenues of more than $2 million for the first quarter this year, including more than $1.6 million from additional customers it acquired through its relationship with AllOne Health. 

The extra revenues helped Diversinet swing to a net profit of $182,000 compared to a net loss of about $1.2 million this time last year. 

Diversinet is the security platform that AllOne Mobile has built its mHealth offering on. AllOne has inked a number of pilot deals with various regional Blue Cross Blue Shields and the U.S. Army. 

Chief executive and chairman Albert Wahbe said: "We believe that we can make additional progress in the health care industry even in these challenging economic times. We are pleased to report our third consecutive profitable quarter."

For more, check out this quick post over at ProactiveInvestors.com

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