M&A Deal Summary

RealTime eClinical Solutions Acquires Devana Solutions

On July 6, 2023, RealTime eClinical Solutions acquired internet software and services company Devana Solutions

Acquisition Highlights
  • This is RealTime eClinical Solutions’ 2nd transaction in the Internet Software and Services sector.
  • This is RealTime eClinical Solutions’ 2nd transaction in the United States.
  • This is RealTime eClinical Solutions’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2023-07-06
Target Devana Solutions
Sector Internet Software and Services
Buyer(s) RealTime eClinical Solutions
Deal Type Add-on Acquisition

Target

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.

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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 2 of 2
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (North Carolina) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-07 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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