Mr. Allan Ferguson

According to 3i's head of U.S. business, Allan Ferguson, who now sits on SBI's board, the funds will be used to develop a sales force for the business, develop new products, and possibly acquire other small companies in the orthopedic arena.

As a startup, SBI came into being through consolidation, rather than developing around a single innovation.It was initially seeded by the Viscogliosi Brothers, a boutique investment bank in New York specializing in orthopedics.

‘This market… tends to be made up of mom-and-pop businesses that can be acquired with equity and some cash.'

-Allan Ferguson,
...
Mr. Ferguson hinted that companies with implants for treating arthritis or other foot problems were of interest to the firm.

"Another objective is to look for a few other acquisitions in the foot or hand areas," he said.