CRO PVR Technologies acquired by enterprise IT company
With the acquisition, ALTEN will gain expertise in clinical research, with more than 200 clinical research consultants, biostatisticians, as well as SAS and R programmers.
ALTEN Calsoft Labs, a subsidiary of ALTEN Group, works with leading healthcare and life science companies in their strategic product engineering, IT and digital initiatives.
The deal will expand the company’s capabilities in clinical data management, analysis, and reporting, which according to the company, are high-growth areas.
"Inorganic growth is a part of our strategy and this acquisition strengthens our healthcare story in US,” said Gerald Attia, Deputy CEO, ALTEN Group. “PVR Technologies is an ideal fit for ALTEN Calsoft Labs with the vision of creating our expertise in the area of statistics, Business Intelligence, Analysis and Reporting.”
In the past, PVR Technologies has worked to develop macro based tools for CROs in the US, in addition to developing CDISC compliant systems for pharmaceutical and biotech companies.
Ramandeep Singh, CEO, ALTEN Calsoft Labs, commented in the company’s release that the acquisition will catalyze the company’s Healthcare & Life Sciences business, in addition to creating a stronger presence in the US.
"We have reached a stage where we feel that there is an opportunity to offer our customers wide range of healthcare service offerings,” explained Venkat Panchumarthi, CEO, PVR Technologies. “We are confident that under the leadership of ALTEN Calsoft Labs, our customers will get benefited by their broader capabilities, including next generation digital technologies.”
