YPrime Receives Investment from Flexpoint Ford

YPR_logoYPrime, a Malvern, PA-based provider of cloud-based eClinical solutions, received an investment from Flexpoint Ford, a Chicago-based private equity firm focused on the healthcare and financial services industries.

The amount of the deal was not disclosed.

Following the investment, YPrime will continue to operate as an independent company led by its current management team, who will also retain a substantial ownership stake. Ballast Point Ventures (BPV), which has backed YPrime since 2013, will retain a minority stake in the company and invest alongside Flexpoint in the transaction.
Flexpoint Ford will provide the strategic resources and capabilities to strengthen the next phase of growth.

Founded in 2006 by Shawn Blackburn, CEO, and also led by Mark Maietta, President, YPrime provides software solutions and consulting services that enable collaborative clinical trial data collection and information management for biopharmaceutical companies and contract research organizations. The company’s eClinical suite includes electronic clinical outcome assessments (eCOA), interactive response technology (IRT) and eClinical consulting and integration services.



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