CHENNAI/MUMBAI: TPG Capital-owned IMS Health has acquired knowledge process outsourcing (KPO) start-up PharmArc Analytics Solutions.
Connecticut-based IMS Health, one of the leading technology services firms in the healthcare sector, has acquired the entire shareholding of the KPO firm in which Baring Private Equity Partners was the largest shareholder.
IMS Health is jointly owned by TPG Capital, Leonard Green & Partners and CPP Investment Board, an arm of the Canadian Pension Plan, managing assets worth over $152 billion. The acquisition of the six-yearold Bangalore firm PharmArc will help IMS to scale up its analytics business.
PharmArc's CEO Amit Sadana confirmed the transaction with IMS Health, but did not divulge any financial details.
"PharmArc has relationships with the top 20 global pharmaceutical firms and it was a good fit with IMS Health. We decided, along with the promoters , that the transaction is in the best interest of all the parties at this stage," said Keshav Misra of Baring Private Equity Partners.
PharmArc, with a team of over 250 analysts, provides marketing analytics and business consulting services to global pharmaceutical and healthcare sectors.
Analytics solutions from firms like PharmArc helps companies to optimize their marketing spend. More
Connecticut-based IMS Health, one of the leading technology services firms in the healthcare sector, has acquired the entire shareholding of the KPO firm in which Baring Private Equity Partners was the largest shareholder.
IMS Health is jointly owned by TPG Capital, Leonard Green & Partners and CPP Investment Board, an arm of the Canadian Pension Plan, managing assets worth over $152 billion. The acquisition of the six-yearold Bangalore firm PharmArc will help IMS to scale up its analytics business.
PharmArc's CEO Amit Sadana confirmed the transaction with IMS Health, but did not divulge any financial details.
"PharmArc has relationships with the top 20 global pharmaceutical firms and it was a good fit with IMS Health. We decided, along with the promoters , that the transaction is in the best interest of all the parties at this stage," said Keshav Misra of Baring Private Equity Partners.
PharmArc, with a team of over 250 analysts, provides marketing analytics and business consulting services to global pharmaceutical and healthcare sectors.
Analytics solutions from firms like PharmArc helps companies to optimize their marketing spend. More
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