mergers and acquisitions
The acquisition brings together mPulse’s AI-driven engagement tools with Clarity’s healthcare communication platform.
The acquisition comes just months after Cerebral reached a settlement with the FTC over allegations of deceptive subscription and data-sharing practices.
Arnaub Chatterjee, Datavant president and GM of life sciences, says the company will streamline data linking and evidence generation across real-world and clinical trial data.
Kidd's company will use 1,000 Bitcoin and additional cash to acquire the interest, and the former Ripple chief risk officer will become CEO and chairman of the board.
The acquisition brings the parties' cross-litigation alleging patent infringements to a close.
This comes five years after Advent Partners and Geoffrey Sayer, who became its CEO, bought the company.
The deal includes an additional $5 million that could be paid to Catapult based on its performance after the sale.
The acquisition bolsters CCC's AI-powered SaaS platform by adding transformative AI capabilities.
The "game-changer" acquisition will integrate the Auckland-based company's healthcare data capabilities with AI.
The company also reported Q3 2024 earnings, noting total revenue of $76.4 million, adjusted EBITDA of $7.3 million and a net loss of $14.7 million.