Bain-Funded MedeAnalytics Sued by 10-Year Partner

Ad Astra Law Group,  LLP of San Francisco is representing Stella Systems in the complaint filed on February 26, 2014 in the U.S. District Court for the Northern District of California.  The suit claims lost revenue of at least $30 million and permanent damage to the Stella Systems business. It sets up a claim for injunctive relief to halt the predatory poaching practices of MedeAnalytics, a portfolio company of Bain Capital Venture Partners, Palo Alto, California.  The press release of the lawsuit was picked up by Business Wire, Yahoo! Finance and other news outlets.  The firm’s client, Stella Systems, is a healthcare information technology services provider which provides sophisticated and complex software and engineering services to U.S. customers in the health care industry. It was founded in 2004 and is among the biggest employers in its home city of Kharkiv, Ukraine, its employees being primarily well-educated and highly specialized engineers. Stella Systems helps American companies manage healthcare data in compliance with U.S. regulations. Oleksiy Stepanovskiy, the CEO and founder, has lead the company for almost 10 years.