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Announced

Completed

Certara completed the acquisition of Pinnacle 21 for $310m.

Financials

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Transaction Value£222m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

Domestic

Friendly

United States

Single Bidder

Private

Acquisition

software tools

Majority

software development

Completed

Synopsis

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Certara, a biosimulation company, completed the acquisition of Pinnacle 21, a provider of software for preparing clinical trial data for regulatory submission, for $310m. "Certara is the ideal partner for Pinnacle 21’s exceptional team and customer base. Both companies empower customers to collect, validate, and analyze data to inform critical decisions in drug development and achieve regulatory success. Joining forces with Certara tightens the link between clean data and informed analysis. We are eager to integrate and expand our software platforms to continue our mission to speed up lifesaving therapies to patients," Max Kanevsky, Pinnacle 21 Founder and CEO.

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