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TAKE Solutions to acquire US co in all-cash deal
DTMT Network
CHENNAI: TAKE Solutions, an Indian health tech provider, has announced it will be acquiring US-based life sciences and clinical data analytics company DataCeutics in an all-cash deal valued at INR 318 Crores.
The company said on February 13, 2019 that the acquisition is part of the 2021 growth strategy and spearheads the growth of Clinical business in accordance with the global Clinical market which is expected to reach $32.9 Bn by 2020
Ram Yeleswarapu, President and CEO, TAKE Solutions said, “DataCeutics strengthens our capabilities in Data Sciences and FSP / BPO services and widens our therapeutic expertise in Cardiology, Oncology, Pulmonology, CNS, Infectious diseases etc. The addition of these competencies translates to business expansion in North America, Europe and Asian markets.”
He stated, “Our quarter 3 results indicate a strong orderbook growth and an on target YoY growth. We are looking forward to bolstering the Clinical business further, translating to a healthier pipeline in the coming quarters.”
TAKE is poised to gain from the strategic acquisition of DataCeutics, a specialty Clinical Functional Service Provider (FSP) providing quality SAS based statistical programming, clinical reporting and clinical data management.
DataCeutics strengthens TAKE in its high-end Data Sciences capabilities that include Clinical Data Management, Biostatistics and Statistical programming, Medical Writing, Data Standards and conversions as well as depth of major pharma relationships in North America.
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