PAREXEL International has acquired all outstanding equity securities of Liquent, Inc., a global provider of Regulatory Information Management (RIM) solutions, for approximately $72 million. Liquent provides an integrated platform of software solutions for regulatory submissions and product registration management, as well as a range of business process outsourcing capabilities. Headquartered in Horsham, PA, with additional offices in the UK, Germany and India, Liquent has nearly 300 employees.
Josef von Rickenbach, chairman and chief executive officer of PAREXEL, said, "The acquisition of Liquent further strengthens our regulatory capabilities by adding a robust information technology platform. Through Liquent's flagship software platform, InSight, our clients will have access to comprehensive regulatory agency submission planning, viewing, tracking, publishing, and registration management throughout the entire lifecycle of a medicinal entity. We are pleased to be able to provide this new offering and believe that it will enhance the portfolio of products and services that we provide through our Perceptive Informatics business."