M&A Deal Summary

BioClinica Acquires Tourtellotte Solutions

On September 17, 2009, BioClinica acquired software company Tourtellotte Solutions for 2M USD

Acquisition Highlights
  • This is BioClinica’s 1st transaction in the Software sector.
  • This is BioClinica’s 2nd largest (disclosed) transaction.
  • This is BioClinica’s 2nd transaction in the United States.
  • This is BioClinica’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2009-09-17
Target Tourtellotte Solutions
Sector Software
Buyer(s) BioClinica
Deal Type Add-on Acquisition
Deal Value 2M USD
Advisor(s) Covington Associates (Financial)

Target

Tourtellotte Solutions

Wayland, Massachusetts, United States
Tourtellotte Solutions Inc. provides custom supply-chain software for the retail, consumer goods, and pharmaceutical markets.

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Buyer(S) 1

Buyer

BioClinica

Princeton, New Jersey, United States

Category Company
Founded 1990
Sector Life Science
Revenue 84M USD (2013)
DESCRIPTION

Bioclinica is an integrated clinical life science solutions provider, delivering powerful insight into clinical trial development, assuring greater client success in bringing medical therapies to market, for people around the world. Through deep medical, scientific, and technology expertise, the company provides medical imaging and cardiac safety services; clinical adjudication; randomization and trial supply management and optimization; electronic and eSource data capture; site and patient payments; clinical trial management software; and drug safety solutions. Bioclinica’s global team of life science experts serves more than 500 pharmaceutical, biotechnology, and device organizations including the top 20 biopharmaceutical companies and leading CROs through offices in North America, Europe, and Asia. Bioclinica was formed in 1990 and is based in Princeton, New Jersey.


DEAL STATS #
Overall 3 of 13
Sector (Software) 1 of 1
Type (Add-on Acquisition) 3 of 12
State (Massachusetts) 1 of 1
Country (United States) 2 of 12
Year (2009) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-25 Phoenix Data Systems

King of Prussia, Pennsylvania, United States

Phoenix Data Systems, Inc. is a clinical data services provider of electronic data capture (EDC) services and a comprehensive array of broadly interoperable eClinical data solutions to the pharmaceutical and biotechnology industries.

Buy $24M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-26 TranSenda International

Bellevue, Washington, United States

TranSenda International LLC is a provider of clinical trial management software (CTMS) solutions.

Buy -