As president and CEO of Brightree, the leading business management and clinical software solution for the home healthcare market, Dave Cormack grew the business from £395,000 in annual revenues and 12 employees in 2004, to £107million in annual revenues, £45million in profit and 500 employees in 2016.
He led the sale of the business to ResMed (NYSE: RMD) for £567million in early 2016.
Lifelong fan and former chief executive invests millions in Dons
Cormack founded, led and sold two other notable software ventures – Soft Systems, a London-based vendor of business intelligence tools, to Atlanta-based IQ Software (NASDAQ: IQSW) in 1995, now owned by CA Technologies (NASDAQ: CA), and also MiracleWorkers.com, an Atlanta-based market leader in Internet Recruiting for the healthcare industry, sold to CareerBuilder.com in 2000.
He serves on the board of WebPT, a software solution used by 9,000 physical therapy clinics.
Through the Cormack Family Charitable Foundation, Dave and Fiona Cormack are Ambassadors for Children International www.children.org.
The Cormack Family Charitable Foundation donated £100,000 to help open Maggie’s Cancer Centre in Aberdeen.
The foundation is currently funding two new community centres in Cartagena, Colombia, serving 12,000 children in poverty.
Hopes Dons can attract US investment to drive domestic and Europe success
