The two brothers who founded Pulse Systems, a Wichita-based health care software and services provider, have resigned from the company to pursue other interests.
CEO Basil Hourani and chairman and chief technology officer Alif Hourani founded Pulse Systems in 1998 and sold it to Cegedim, a French technology company, in 2010. They remained in leadership positions at Pulse Systems until now.
“We decided it was time for us to start new ventures, and we’re doing that in the very near future,” Basil Hourani said.
Their contract with the company ended in June, and their resignations were effective last week, Alif Hourani said.
“It was all on very good terms. … I think the company is on a good track to continue its success,” Alif Hourani said. “I think the future is bright, and we’re excited to see them accomplish their goals.”
The previous chief financial officer, Jeff Burton, is now president and CEO. Another brother, Elias Hourani, remains the company’s chief operating officer.
Basil Hourani said he felt confident the company would continue to thrive under its new management.
“They did a fantastic job in building Pulse into the recognized industry leader it is today,” Burton said. “We have tremendous respect for them, both professionally and personally.”
The 2010 acquisition was for $61 million and included a cash infusion into the company, Basil Hourani said.
Following the acquisition, the company moved into the former Feist Building, 3020 N. Cypress.
The move was made possible in part after the city council approved a $6 million industrial revenue bond, which incentivized the company to stay in Wichita instead of relocating to the parent company’s headquarters in Bedminster, N.J.
The company also received a 100 percent five-year tax exemption on bond-financed property from the city.
Pulse Systems also has offices in Dallas, Kansas City, Mo., and Boston.