Take Solutions buys two US cos

CHENNAI: Take

Solutions, a technology enabled business solutions company, today announced

the acquisition of two US-based companies — OnSphere Corporation and Applied

Clinical Intelligence, LLC (ACI).






While OnSphere Corp., which is an emerging leader in regulatory compliant
web-based Pharma solutions, had been acquired for $ 2.75 million; Applied

Clinical Intelligence (ACI), provider of clinical research solutions to

pharmaceutical and healthcare companies, accounted for $ 2.4 million.






According to the terms and conditions, Take
Solutions
will acquire these two companies in all-cash deals. OnSphere is a

100 per cent acquisition and Take has a 51 per cent stake in ACI.






Announcing the acquisition at a media briefing here, H R Srinivasan, vision
holder of Take solutions said: “The acquisition is in line with our focused

strategy to scale our products offering for the life sciences vertical. With the

market seeking specialists with deep domain knowledge coupled with technical

expertise, it was time for us to align with companies that reflected these

capabilities and demonstrated the tenacity to persevere and establish their

presence in this intensely competitive market.”






Life Sciences is an important vertical in the Take Solutions' portfolio with
over 45 per cent of its revenues coming from it.






With this acquisition of OnSphere Corporation, Take Solutions will be able to
enhance its FDA compliant Document Management Systems complementary to Take's

current product offering viz. SubmitSPL, and Submit-eCTD.






On the other hand, the incorporation of ACI into Take Solutions will strengthen
its clinical data management, analysis and reporting capabilities enabling the

Take Solutions to build on products like safety data marts, safety dashboards,

and clinical data marts. ACI's highly qualified team, with deep domain

knowledge in Life Sciences will also be an asset to Take Solutions it is learnt.






Ram Yeleswarapu, president and CEO, Take Solutions said that the acquisitions
would represent a significant step in broadening the company's

regulatory-compliant life sciences product line.






“OnSphere and ACI have an established track record and complement our
competencies. It will be our resolve to integrate the two companies seamlessly

and profitably into Take Solutions' fold and leverage the combined skill-sets

and market know-how to garner significant market share in the life sciences

vertical,” he added in this regard.