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Announced

Completed

Insight Partners-backed Insightful Science completed the acquisition of Omiq.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

data science solutions

Majority

healthcare technology

Single Bidder

United States

medical software

Domestic

Private Equity

Completed

Private

Friendly

software-as-a-service

Software

Synopsis

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Insight Partners-backed Insightful Science, a life sciences software company that digitally connects researchers to their ideas and data, advancing the discovery process, completed the acquisition of Omiq, a company specialized in data science SaaS solutions. Financial terms were not disclosed. "At Omiq, our goal is to remove the barrier that data analysis poses to the advancement of human health. We do this with powerful software that addresses modern analytical problems while being easily adoptable by researchers and valuable to organizations concerned with structure and compliance. Our new partnership with Insightful Science will enable us to expand our team and capabilities tremendously, and ultimately deliver greater software across a wider set of workflows to meet the ambitious scientific goals of the researchers we serve. We very much look forward to working with our colleagues at Insightful Science to realize these goals," Chris Ciccolella, Omiq CEO.

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