M&A Deal Summary

EvidentIQ Group Acquires Fotress Medical Systems

On January 21, 2021, EvidentIQ Group acquired software company Fotress Medical Systems

Acquisition Highlights
  • This is EvidentIQ Group’s 1st transaction in the Software sector.
  • This is EvidentIQ Group’s 1st transaction in the United States.
  • This is EvidentIQ Group’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2021-01-21
Target Fotress Medical Systems
Sector Software
Buyer(s) EvidentIQ Group
Deal Type Merger

Target

Fotress Medical Systems

Hopkins, Minnesota, United States
website
Fotress Medical Systems is an integrated software system designed for clinical trials. Fotress Medical Systems Clindex has been used to support medical device pharmaceutical, diagnostic, and combination product studies. Fotress Medical Systems was founded in 1997 and is based in Hopkins, Minnesota.

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Buyer(S) 1

Buyer

EvidentIQ Group

Munich, Germany

website

Category Company
Founded 2002
Sector Software
Employees50
DESCRIPTION

EvidentIQ Group offers its comprehensive SaaS platform “Marvin”, a tailor-made software solution for the support of clinical studies. In addition to data management, it also includes randomization, study equipment management, patient surveys, coding, and reporting. It covers the processes from study design to submission of results to audiences. EvidentIQ Group was founded in 2002 and is based in Munich, Germany.

DEAL STATS #
Overall 2 of 2
Sector (Software) 1 of 1
Type (Merger) 2 of 2
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-21 Carenity

Paris, France

Carenity is an operator of the social platform supporting 500,000 patients and caregivers worldwide, across 1,000 chronic and rare diseases. Carenity provides direct, timely, and compliant access to patient real-world data. Carenity offers unique solutions for Real-World Evidence, Clinical Trial Optimization as well as Scientific Communication. Carenity was founded in 2011 and is based in Paris, France.

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