Insightful Science, a technology provider to the life sciences industry, has agreed to buy data management company Dotmatics Ltd. as the surge in software deals shows little sign of slowing.
A British software developer whose technology helps scientists to manipulate the data produced in their laboratories is set to change hands for $690 million. Dotmatics, based in Bishop’s Stortford, Hertfordshire, has agreed to be acquired by the California-based Insightful Science.
We were just preparing a blog on the role of platforms in supporting Life Science R&D and the growing trend for Pharma and Biotech to wish to have an informatics and data platform to underpin their R&D. But putting that on hold for a week in just seeing the news of the acquisition of Dotmatics by Insightful science made us reflect on how busy the last 2 years have been with consolidation and acquisition in the R&D Informatics space.
Insightful Science said Monday that it has reached an agreement to acquire Dotmatics for an undisclosed amount. The deal is expected to close during the second quarter. The firms said the combined entity would have "well over" $100 million in annual recurring revenue.
Insightful Science, a leading software provider serving the global life sciences community, announced that it has entered into a transaction to acquire Dotmatics, an industry-leading cloud-based scientific R&D data management platform.
San Diego-based Insightful, a life sciences software provider, will tap into U.K.-based Dotmatics, the cloud-based scientific R&D data management platform firm, in order to “form a leading cloud-first scientific R&D company” that generates annual sales of around $100 million.
Life sciences software company Insightful Science announced today that it has acquired Dotmatics, a cloud-based scientific R&D data management platform. By integrating Insightful Science’s software applications into Dotmatics cloud-first enterprise data management solution, the company will provide an end-to-end scientific research platform.
The life sciences software company Insightful Science plans to buy the cloud-based lab-data management firm Dotmatics.
