CambridgeSoft Corporation, a provider of software and services for discovery, analysis and collaboration to the life sciences and chemical industries, academia and government, has completed announced that it has completed a private equity investment.
Investors include Health Evolution Partners and Goldman Sachs.
The proceeds will be used to expand services to life sciences market.
Commenting on the investment, Michael G. Tomasic, President and CEO of CambridgeSoft, said: “I am delighted to work with Health Evolution Partners to expand CambridgeSoft”.
“Their involvement underscores a continuing commitment to innovation, high growth and financial excellence for the company and its future of serving the life sciences industry’s growing need for outsourcing of software and service for research IT”.
In conjunction with the investment, Adam Grossman will represent Health Evolution Partners on the CambridgeSoft Board of Directors.
The company has offices in the United States, Europe and Asia.
FinSMEs
17/10/2009