News & Views
Combined Technologies to Accelerate Discovery Processes
Mar 23 2021
Software provider Insightful Science has entered into a transcation to acquire Dotmatics, an industry leading cloud-based scientific R&D data management platform.
“This announcement signals a significant transformation in the future of software and data management in research labs,” said Thomas Swalla, CEO of Insightful Science. “Together our complementary businesses create an end-to-end cloud-first scientific research platform that stands apart in our collective ability to support data-driven research. We are beyond enthusiastic about the impact we can have on increasing the speed of scientific innovation and ultimately helping to make the world a healthier, cleaner and better place to live.”
“The number one challenge for pharmaceutical, biotech and chemical innovation companies today is how to manage the enormous volume — and promise — of data generated in labs,” said Dr Steve Gallagher, Co-founder and CEO of Dotmatics. “This combination allows us to expand investments in our Dotmatics platform and strengthen our brand as a leading enterprise informatics solution provider. We will bring Insightful Science’s leading biologics applications to our customers, further accelerating their discovery processes. In addition, we have the opportunity to bring the Dotmatics cloud and collaboration capabilities to the diverse community of over one million scientists already using Insightful Science tools.”
Insightful Science is a privately held portfolio company of Insight Partners, the leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies.
Alastair Hill, Co-founder and CIO of Dotmatics added, “Since initial growth equity investment by Scottish Equity Partners (SEP), we have been supported to make incredible progress in scaling our business and driving product innovation. We would like to thank them for their support as we enter the next exciting stage in Dotmatics’ development and Jefferies for advising on the transaction.”
Evercore served as financial advisor and Willkie Farr & Gallagher LLP served as legal advisor to Insightful Science on the transaction. Jefferies International Ltd served as advisor to Dotmatics.
Subject to the attainment of regulatory clearances, the transaction is expected to close in Q2 of 2021. Until closing, the companies will continue to operate independently.
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