Add-on Acquisition • Information Technology

Covance Acquires snapIoT

On October 20, 2020, Covance acquired information technology company snapIoT

Acquisition Context
  • This is Covance’s 1st transaction in the Information Technology sector.
  • This is Covance’s 4th transaction in the United States.
  • This is Covance’s 1st transaction in California.

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M&A Deal Summary

Date October 20, 2020
Target snapIoT
Sector Information Technology
Buyer(s) Covance
Deal Type Add-on Acquisition

Target Company

snapIoT

San Diego, California, United States
snapIoT is a provider of self-service platform solutions for clinical trials. snapIoT has designed and implemented self-service mClinical IoT solutions offered to CROs and Pharma Companies. snapIoT is based in San Diego, California.
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Buyer Overview 1

Buyer

Covance

Princeton, New Jersey, United States

Category Company
Founded 1987
Sector Life Science
Revenue 2.6B USD (2013)
DESCRIPTION

Covance is a drug development company and a provider in nutritional analysis, is dedicated to advancing healthcare and delivering Solutions Made Real. Covance was founded in 1987 and is based in Princeton, New Jersey.


Deal Context for Buyer #
Overall 5 of 5
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 4 of 4
State: California 1 of 1
Country: United States 4 of 4
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-19 Medaxial

London, United Kingdom

Medaxial Ltd., is a value communication consultancy. Medaxial specializes in offering clients an integrated approach to market access strategy, health economic modeling, and data dissemination services, and focuses on defining and communicating the value of a biopharmaceutical product or medical device to healthcare payers and the stakeholders who influence them.

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