M&A Deal Summary

RealTime eClinical Solutions Acquires Complion

On December 7, 2022, RealTime eClinical Solutions acquired internet software and services company Complion from Beringea

Acquisition Highlights
  • This is RealTime eClinical Solutions’ 1st transaction in the Internet Software and Services sector.
  • This is RealTime eClinical Solutions’ 1st transaction in the United States.
  • This is RealTime eClinical Solutions’ 1st transaction in Ohio.

M&A Deal Summary
Date 2022-12-07
Target Complion
Sector Internet Software and Services
Buyer(s) RealTime eClinical Solutions
Sellers(s) Beringea
Deal Type Add-on Acquisition

Target

Complion

Cleveland, Ohio, United States
Complion is a cloud-based eRegulatory platform that improves efficiency for research sites and sponsors and research institutions by enabling a sponsor-approved solution for collecting and managing a site network’s clinical trial documentation, ensuring that everyone in an organization follows standard processes and procedures while providing administrators visibility into compliance. Complion was founded in 2013 and is based in Cleveland, Ohio.

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Buyer(S) 1

Buyer

RealTime eClinical Solutions

San Antonio, Texas, United States
Category Company
Sector Internet Software and Services
DESCRIPTION

RealTime eClinical Solutions is a provider of cloud-based software solutions for the clinical research industry. Their complete Site Operations Management System (SOMS) enables research sites perform higher through solutions including the RealTime Clinical Trial Management System (CTMS), regulatory document management, electronic data capture for source documents, patient payments facilitation and patient communication tools. RealTime eClinical Solutions is based in San Antonio, Texas.

DEAL STATS #
Overall 1 of 2
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Ohio) 1 of 1
Country (United States) 1 of 2
Year (2022) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-06 Devana Solutions

Chapel Hill, North Carolina, United States

Devana Solutions provides a cloud-based clinical trial software company that supports real-time collaboration between central research operations professionals and site-based clinicians serving patients in diverse communities. Devana Solutions was founded in 2015 and is based in Chapel Hill, North Carolina.

Buy -

Seller(S) 1

SELLER

Beringea

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 715M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Beringea LLP is a private equity firm focused on growth-oriented company investments in the Midwest US and the UK. Beringea looks to invest $2 to $10 million of equity or junior capital in profitable companies with 5 million and higher in revenue. Funds are used to support business expansions and growth, ownership transitions, leveraged buyouts, recapitalization, and refinancings. The Firm does not have any sector preferences and generally seeks businesses with proven business models and defensible market positions. Beringea was formed in 1988 and is based in London.

DEAL STATS #
Overall 38 of 42
Sector (Internet Software and Services) 8 of 9
Type (Add-on Acquisition) 24 of 27
State (Ohio) 1 of 1
Country (United States) 16 of 17
Year (2022) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-30 Thread

London, United Kingdom

Thread is a free online personal styling service for men, which uses a unique combination of human stylists and powerful algorithms to make it easy for men to dress well. On signing up, users fill in questionnaires and upload photos of themselves, which help the stylist and algorithm sort through millions of items to create the best outfits for that particular individual. Thread was formed in 2012 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-16 Arctic Shores

Manchester, United Kingdom

Arctic Shores is an innovative and disruptive recruitment tech business. Arctic Shores solutions combine neuroscience, artificial intelligence, and game technology to generate data-driven people insights for more predictive and less biased hiring. Arctic Shores was founded in 2013 and based in Manchester, United Kingdom.

Sell -
Mergr

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