Validic, a Raleigh-based startup focused on linking medical devices, app developers and healthcare clients and is backed by Dallas billionaire Mark Cuban, lands a global award from marketing and research firm Frost & Sullivan.

It’s the second substantial honor for Validic, which was recognized by Gartner as a “Cool Vendor” in April.

Validic made other news earlier this month when it acquired a Silicon Valley-based firm.

The London-based company said Tuesday that it selected Validic to receive the Best Practices Award for Customer Value Leadership.

The award recognizes Validic’s cloud-based technology called mHealth. 

“We are truly honored to be recognized by Frost & Sullivan, who is a global industry leader in analyzing markets, industry trends and best practices,” Validic co-founder and CEO Ryan Beckland said in a statement. “This Best Practices Award reinforces our solid results in digital health data interoperability, is a great testament to our proven technology success, and supports how our work ultimately drives value for our customers. This recognition further validates our industry leadership position and our focus on our customers.”

Frost & Sulivan noted that “healthcare companies have convenient and quick access to healthcare patient data from a variety of devices and applications with one simple connection” through Validic.

“On analysis of the market landscape for healthcare interoperability solutions, Validic clearly stood out as generating the best value,” noted Frost & Sullivan Research Analyst Shruthi Parakkal. “One of the things that sets Validic apart is the company’s focus on customers throughout the entire process,” noted Parakkal. “Furthermore, its mHealth interoperability platform is a unique technological solution with a quick deployment time of a few hours, and is 90 percent cheaper than a healthcare company trying to build a comparable mHealth solution internally. Validic is a great value to healthcare companies looking to accelerate their digital health business strategies.”