M&A Deal Summary

MMIT and Evaluate Acquire Panalgo

On September 28, 2021, MMIT and Evaluate acquired software company Panalgo from Silversmith Capital Partners

Acquisition Highlights
  • This is MMIT’s 1st and Evaluate’s 1st transaction in the Software sector.
  • This is MMIT’s 2nd and Evaluate’s 3rd transaction in the United States.
  • This is MMIT’s 1st and Evaluate’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2021-09-28
Target Panalgo
Sector Software
Buyer(s) MMIT
Evaluate
Sellers(s) Silversmith Capital Partners
Deal Type Add-on Acquisition

Target

Panalgo

Boston, Massachusetts, United States
Panalgo provides software that streamlines healthcare data analytics by removing complex programming from the equation. Panalgo Instant Health Data (IHD) software empowers teams to generate and share trustworthy results faster, enabling more impactful decisions. Panalgo was established in 1996 and is based in Boston, Massachusetts.

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Buyer(S) 2

Buyer

MMIT

Yardley, Pennsylvania, United States

Category Company
Founded 1994
Sector Information Technology
DESCRIPTION

MMIT is a provider of formulary data and workflow applications to payers, pharmaceutical manufacturers, providers, and pharmacies. MMIT was founded in 1994 and is based in Yardley, Pennsylvania.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-27 Dedham Group

New York, New York, United States

Dedham Group is the preeminent U.S. market access oncology and specialty therapeutics consultancy offering research, data analytics and strategy formulation services to the life science industry. Dedham Group was founded in 2010 and is based in New York City.

Buy -
Buyer

Evaluate

London, United Kingdom

Category Company
Founded 1996
Sector Information Services
DESCRIPTION

Evaluate is a provider of commercial intelligence to the global life sciences industry. Evaluate is the trusted provider of mission critical commercial information for complex business decisions to the pharmaceutical industry. Evaluate’s core product is an industry leading set of analyst consensus forecasts that provides detailed insights at the product, disease, indication and geographic level. Evaluate creates value by structuring, normalising and integrating data from company filings, research organisations, and government bodies and providing tools that drive analytical insights from data. Evaluate was the first mover in this particular space and is a leading provider today. Evaluate was founded in 1996 and is based in London, United Kingdom.


DEAL STATS #
Overall 4 of 5
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 4
State: Massachusetts M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-20 MMIT

Yardley, Pennsylvania, United States

MMIT is a provider of formulary data and workflow applications to payers, pharmaceutical manufacturers, providers, and pharmacies. MMIT was founded in 1994 and is based in Yardley, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-10 J+D

Cheshire, United Kingdom

J+D is a provider of forecasting solutions for the pharmaceutical industry. J+D was founded in 2005 and is based in Cheshire, England.

Buy -

Seller(S) 1

SELLER

Silversmith Capital Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2015
PE ASSETS 3.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Silversmith Capital Partners is a private investment firm focused on growth capital investments in SaaS and healthcare IT/services companies. The Firm looks to invest $20 to $125 million in growing companies (20%+) with at least $10 million in revenue. Silversmith Capital Partners was established in 2015 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 4 of 8
Sector: Software M&A 2 of 5
Type: Add-on Acquisition M&A Deals 1 of 4
State: Massachusetts M&A 1 of 1
Country: United States M&A 3 of 7
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 Constructor.io

San Francisco, California, United States

Constructor.io is a search and product discovery platform tailor-made for enterprise ecommerce where conversions matter. Constructor's cloud-based solutions use artificial intelligence, natural language processing, machine learning-enhanced results ranking, and collaborative personalization to deliver powerful user experiences across all facets of product discovery -- from search to browse, recommendations, collections, and autosuggest. Constructor.io was founded in 2015 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-05 TMA Systems

Tulsa, Oklahoma, United States

TMA Systems is a provider of advanced Computerized Maintenance Management Systems (CMMS) and Enterprise Asset Management Solutions (EAMS). The company's advanced solutions meet or exceed the needs of education, healthcare, corporate, government, telecommunication, transportation, manufacturing, and retail organizations. TMA Systems is based in Tulsa, Oklahoma.

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