Eliza Adds Financing From Parthenon

Beverly, MA-based Eliza, a developer of speech recognition technology for communicating healthcare information to patients, has taken in a growth investment from Parthenon Capital Partners, a Boston- and San Francisco-based private equity firm. The total of the investment was not disclosed, but it marks the first time Eliza has received institutional funding since founding in 2002. The company said that the money will go to providing partial liquidity to certain shareholders and to funding future growth initiatives. Eliza founders and senior management will still own a majority of the company.

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