ICAS World acquires mental health tech start-up Hello Tomo
ICAS World, a provider of mental health and employee wellness services has acquired the NHS-commissioned mental health tech start-up, Hello Tomo.
Founded in 2016, Hello Tomo helps users build and maintain healthy habits to manage depression, anxiety and their overall mental health. The app encourages users to create an anonymous peer support community through photo sharing and helps people to form positive associations between their actions and feelings to improve self-management, build resilience and reduce the risk of acute episodes.
The app, which is commissioned by NHS wellbeing service Good Thinking and is available for free in Greater London, has 20,000 active users. The company claims data shows an average improvement of 14% in symptoms of depression after 12 weeks of use, effectively moving them out of a diagnosable range of the symptoms of depression. Hello Tomo’s user base has grown by 1,700% over the last 12 months.
Andrew Davies, chief executive of ICAS, said: “We already support more than 2,400 companies and 6.5 million employees and their families through our global network. By blending Hello Tomo’s entrepreneurial spirit and technical capabilities with our expertise, heritage and global reach, we hope we can give even more people the tools they need to better manage and protect their mental health.
“There is a huge need to leverage smart technology to solve these big global health challenges. ICAS is working with ambitious, entrepreneurial teams that want to grow their technology products as part of the ICAS ecosystem. Hello Tomo and its founding team is the first in a series of strategic acquisitions as we continue to drive forward our digital transformation.”
Gus Booth-Clibborn, co-founder and chief executive of Hello Tomo and the newly appointed head of digital transformation for ICAS added: “Hello Tomo has gone from strength to strength since its launch and is now at the point where it can scale. I’m grateful that I can remain a part of Hello Tomo and continue working with the wonderful team, while joining ICAS to lead its digital transformation. The opportunity to work with people with a clinical background and a shared vision to bring new mental health tech products to a global market cemented the decision to sell Hello Tomo and I’m looking forward to the journey ahead.”
ICAS World and Hello Tomo are both based in London.
Date published: May 25, 2021