Whereas the worldwide coronavirus pandemic affected psychological well being all over the world, ICAS World Ltd (ICAS), a number one world supplier of worker wellness and psychological well being providers, has acquired the psychological well being expertise startup commissioned by the NHS. Whats up Tom. The monetary particulars of the deal stay undisclosed.
The acquisition is the primary main milestone for ICAS because it implements its new world digital well being technique, leveraging the $ 121 billion psychological wellness market and increasing its assist to the 790 million folks worldwide presently serving. are affected by a psychological well being situation.
Helps develop wholesome habits to handle psychological issues.
Whats up Tomo was based in 2016 to assist customers develop and preserve wholesome habits to handle despair, anxiousness, and common psychological well being. The app encourages customers to create an nameless peer assist group via photograph sharing. It additionally helps folks kind optimistic associations between their actions and emotions to enhance self-management, construct resilience, and cut back the chance of acute episodes.
The pandemic had a major impression on folks’s psychological well being. It mirrored the problem of managing psychological well being for Whats up Tomo’s person base, which grew 1,700% within the final 12 months. The app commissioned by the NHS Good Pondering wellness service and free at level of use in Better London has 20,000 lively customers as of now. The info reveals a median 14% enchancment in despair signs after 12 weeks of use, taking them out of a diagnosable vary of despair signs.
Develop world attain as a part of digital well being technique
The acquisition of Whats up Tomo will turn out to be a part of ICAS ‘portfolio of psychological well being and wellness options. Present shoppers will achieve entry to the group’s intensive community of greater than 80,000 physicians for coaching and remedy. ICAS expects the acquisition to assist present development and revenue alternatives to its present ICAS shoppers. Leveraging Whats up Tomo’s applied sciences, abilities and experience by growing world-class digital wellness and psychological well being options advantages ICAS shoppers considerably.
Commenting on the acquisition, Andrew Davies, CEO of ICAS, mentioned: “We’re delighted to welcome Whats up Tomo’s crew, expertise and prospects to the ICAS household. We already assist greater than 2,400 firms and 6.5 million workers and their households via our world community. By combining Whats up Tomo’s entrepreneurial spirit and technical capabilities with our expertise, heritage and world attain, we hope to offer extra folks with the instruments they should higher handle and defend their psychological well being.
“There’s a nice must harness sensible expertise to unravel these nice world well being challenges. ICAS is working with bold entrepreneurial groups who wish to develop their expertise merchandise as a part of the ICAS ecosystem. Whats up, Tomo and his founding crew is the primary in a sequence of strategic acquisitions as we proceed to drive our digital transformation. “
Gus Sales space-Clibborn, CEO and co-founder of Whats up Tomo and newly appointed Director of Digital Transformation at ICAS mentioned: “Whats up Tomo has gone from power to power since its launch and is now on the level the place it may possibly scale. I’m grateful to have the ability to proceed to be part of Whats up Tomo and proceed to work with the fantastic crew, whereas becoming a member of ICAS to steer its digital transformation. The chance to work with folks with scientific expertise and a shared imaginative and prescient to convey new psychological well being expertise merchandise to a worldwide market solidified the choice to promote Whats up Tomo and I’m wanting ahead to the journey forward. “