IDBS, the leading worldwide provider of data management and analytics solutions to R&D and healthcare organizations, today announced that it has concluded an agreement to acquire Quantrix, an award-winning company that provides business modeling and analytics software and services. As part of the cash acquisition, Quantrix will continue to operate as an independent business unit from its headquarters in Portland, Maine, USA.
The acquisition is a strategic step forward in the longstanding relationship between the companies. Quantrix technology is licensed for use within one of IDBS' leading products, E-WorkBook Suite, the industry leading scientific electronic laboratory notebook. Quantrix has customers across 50 countries in markets including financial services, manufacturing and engineering.
"We are pleased to be able to welcome Quantrix into the IDBS group," says Neil Kipling, founder and CEO of IDBS. "This transaction allows us to accelerate the introduction of advanced modeling and analytics tools into our solutions for high value areas in pharmaceutical and healthcare informatics, such as translational medicine and preclinical development. IDBS also recognizes the value of Quantrix technology for a broad range of vertical markets, such as financial services, engineering and manufacturing and will continue to invest in its ongoing development and commercialization."
"Joining IDBS will significantly benefit our customers and partners by enabling Quantrix to devote additional resources toward the development and marketing of our suite of integrated solutions that improve business decision-making," says Chris Houle, who continues as CEO of Quantrix. "This partnership supports our vision of enhancing business performance by replacing error-prone spreadsheets and overly complex and expensive enterprise business intelligence software with integrated business modeling and analytics solutions."
This transaction comes one year after the acquisition of InforSense by IDBS which has already led to the release of new biomarker and diagnostics discovery applications which combine scientific data management and analytics. In 2010 IDBS was listed in the 2010 Sunday Times PricewaterhouseCoopers Profit Track 100 list of companies.
About IDBSIDBS is a unique, global supplier of innovative data management and first-in-class analytics solutions which increase efficiency reduce costs and improve the productivity of healthcare R&D organizations. Multinational pharmaceutical companies, major public-private healthcare partnerships, global leaders in academic study and high tech companies employ IDBS as a strategic supplier of scientific informatics and business process improvement solutions. IDBS is clearly differentiated by its unique combination of deep domain knowledge across the entire R&D sector: from the examination of the human genome at the scientist's bench, through the clinic, to translational medicine initiatives and pay-for-performance healthcare monitoring. IDBS solutions support the protection of intellectual property (IP) and the requirements for data quality and security demanded under Good Laboratory Practice (GLP), Good Manufacturing Practice (GMP) and HL7 (Health Level) standards.
IDBS is a private company, founded in 1989 and headquartered in Guildford, UK. IDBS has worldwide consulting and support presence, with U.S. offices in California, New Jersey and Massachusetts, the EU, Australia, Japan and China. For more information, visit http://www.idbs.com (http://www.idbs.com) .
About QuantrixQuantrix's business modeling and analytics (BMA) solutions and services enable companies to develop accurate, secure and dynamic forecast, budget, planning, risk and business models. Quantrix Modeler provides unprecedented business intelligence and improved business performance management to customers in over 50 countries. It delivers rapid return on investment by empowering business and financial professionals to break away from restrictive two-dimensional spreadsheets and complicated modeling and business intelligence tools. Quantrix Modeler is available directly from the company and from its partners in the United Kingdom, Ireland, China, Australia, New Zealand, Germany, Mexico, Chile, South Africa, the Philippines, Italy and Brazil. For more information about Quantrix Modeler, or to activate a free 30-day trial, visit http://www.quantrix.com (http://www.quantrix.com) or call +1 207 775 0808.