Lauxera Capital Partners acquired a majority stake in Matrix Requirements, a Berlin, Germany-based MedTech quality management software provider, for EUR10m.
The company intends to use the funds for active business development efforts alongside a product development roadmap.
Founded in 2014 by Wolfgang Huber (former VP R&D at Advanced Medical Diagnostics and co-founder of NeoMed Software) and Yves Berquin (former Program Manager at Advanced Medical Diagnostics and CTO at SleepOnWeb), Matrix Requirements has grown into a leader in the MedTech quality management system software space with two solutions:
· MatrixALM, flexible software for managing medical device technical files with the goal of accelerating regulatory approvals (CE marking, FDA approval, etc.) and reducing non-compliance risk
· MatrixQMS, a quality management system solution enabling MedTech companies to develop and maintain their own quality systems reflecting the specific needs of their products in compliance with ISO and FDA standards.
More than 180 medtech companies use MatrixALM and MatrixQMS applications.