A Boca Raton medical technology company, Modernizing Medicine, announced it has secured $15 million in new financing for an expansion that should create 100 new jobs over the next year.

The fast-growing electronic medical record and data company will use the proceeds to develop new products that increase efficiency for doctors, improve patient outcomes and transform healthcare, Chief Executive and Co-founder Dan Cane said Tuesday.

With Modernizing Medicines iPad app, dermatologists and other doctors can access critical data to compare treatment results and update medical records. Cane, a co-founder of education software company Blackboard, used by universities nationwide, returned to his Palm Beach County home in 2010 to start Modernizing Medicine with Dr. Michael Sherling.

The latest round comes from existing investors led by Summit Partners and Pentland Group, many of whom are medical specialists who use the companys app, Modernizing Medicine said.

The firm, which now employs about 200 people, reported $17.5 million in annual revenue last year.

This story will be updated. Check back for more information.

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Boca medical tech firm Modernizing Medicine secures $15 million from investors