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IDEXX

Can the dominant veterinary diagnostics company become the operating and financial system of the veterinary clinic?

Founded1983
HQWestbrook, Maine, USA
FoundersDavid Evans Shaw
Latest roundPublic (NASDAQ: IDXX)
IndustryVertical SaaS / Veterinary
The story

IDEXX has built the dominant veterinary diagnostics franchise (reference labs, in-house analyzers, SNAP tests) and expanded into veterinary practice management software through acquisitions like ezyVet, SmartFlow, Animana, and Cornerstone. The embedded finance angle is IDEXX Payments — a Fiserv-powered integrated payments product bundled into Cornerstone and Neo — extending the platform from clinical workflow into merchant acquiring for veterinary practices.

Last 12 months
2025-11
2025-10
Product timeline
1983
IDEXX founded in Portland, Maine by David Shaw· pivot
1991
IPO on NASDAQ as IDXX· ipo
2018
Acquired ezyVet, cloud-based veterinary practice management software· acquisition
2024
IDEXX Payments product live (SOC 2 Type 1 report available)· banking
Acquisitions
ezyVet2018
Cloud-based veterinary practice management software
source ↗
Animana
European cloud-based veterinary practice management software (IDEXX B.V.)
SmartFlow
Veterinary workflow / whiteboard software
Vet Radar
Digital workflow/nursing management for veterinary hospitals
Same company
IDEXX was analysed under more than one name on the same domain, so its stack is split across these dossiers. Each was analysed independently and may name providers the others do not.
IDEXX Cornerstone2 layers →
The stack
6 layers disclosed in IDEXX’s embedded-finance stack
Payments / PSP
Fiserv (CardConnect/CardPointe)IDEXX Payments (self-operated)
Banking / BaaS
in the full report
Card network
in the full report
Lending
in the full report
KYC
in the full report
Accounting
in the full report
Accounting gap: minor
8 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.