Vicks has confirmed a $20 million fund that is being used to back digital card readers.
The company announced today that it has acquired a number of companies that have invested in the technology.
This includes chipmaker Micron and startup Bitmain, which is the maker of a chip used in the Vicks card reader.
The deal also includes a digital thermometers company called Digital Extremes, which was previously owned by chipmaker SanDisk.
In a statement, Vicks said:We have been pleased to have made investments in companies that are making an impact in the field of healthcare, and we look forward to further growing our relationship with these companies as we continue to drive innovation in the healthcare industry.
It is critical to us that we continue the growth of our portfolio companies in this area and have a strong portfolio of digital card products in place, the company said.
The move comes after the Vics Health system was attacked by a group of hackers.
The Vicks system was hacked and the information that was stolen is being released by the Federal Government.
“Vicks’ investment in Digital Extremities demonstrates our commitment to ensuring that the world’s leading healthcare brands have a long-term future with us,” Vicks CEO Richard Schott said.
“We also welcome the investment in Vicks Thermometer as a significant contribution to our digital card platform, which will help us continue to provide the best quality digital card experiences for our customers.”
The digital card reader is a sensor that uses sensors embedded into the back of the card reader to read the temperature readings.
It can read up to 5Gbps data.