Location: Chapel Hill, NC

Industry: Healthcare Software

The Company provides Randomization and Trial Supply Management Software , also known as  Interactive Response Technology software, to the global pharmaceutical clinical trials industry.

Transaction Overview:

The two owners of the Company were at different stations in life, with one owner desiring a near-term transition out of the business and the other focused on driving continued future growth.  Trestle was engaged to find a strategic partner who could provide a transaction that accomplished the goals of both business owners.

Results:

Trestle performed a targeted marketing process that focused on strategic acquirors in the CRO and Pharma services industries as well as private equity groups that had either a stated interest or a platform company in the space.  The Company was sold to a publicly traded corporation in a transaction that included both cash and stock consideration.  The transaction accomplished the goals of both owners, with one owner effecting a quick transition out of the business and the other owner remaining to grow the Company more aggressively within a larger corporate infrastructure.

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