San Diego company agrees to acquire Dotmatics
San Diego software provider Insightful Science has agreed to acquire Dotmatics which, from a Bishop’s Stortford base, leverages a cloud-based scientific R & D data management platform.
No figures are being released for the deal but the combined company will generate well over $100 million of annual recurring revenue. Dotmatics is on the initial shortlist for the Business Weekly Awards.
The transaction signals a significant transformation in the future of software and data management in research labs, enabling over one million scientists to improve research and lab efficiency. This in turn will accelerate the pace of scientific innovation by facilitating more rapid data access, analysis and exchange between scientists globally.
Insightful Science has developed purpose-built data analysis and bioinformatics applications for life sciences. The company portfolio serves a diverse set of one million scientists in academic, corporate, and government institutions.
Dotmatics is an enterprise scientific informatics SaaS provider that is driving the digitalisation of laboratory data workflows for scientific discovery and innovation across the life sciences, chemicals and materials industries.
“This announcement signals a significant transformation in the future of software and data management in research labs,” said Thomas Swalla, CEO of Insightful Science. “Together our complementary businesses create an end-to-end cloud-first scientific research platform that stands apart in our collective ability to support data-driven research.
“We are beyond enthusiastic about the impact we can have on increasing the speed of scientific innovation, and ultimately helping to make the world a healthier, cleaner, and better place to live.”
Dr Steve Gallagher, co-founder and CEO of Dotmatics, added: “The number one challenge for pharmaceutical, biotech and chemical innovation companies today is how to manage the enormous volume – and promise – of data generated in labs.
“This combination allows us to expand investments in our Dotmatics platform and strengthen our brand as a leading enterprise informatics solution provider.
“We will bring Insightful Science’s leading biologics applications to our customers, further accelerating their discovery processes. In addition, we have the opportunity to bring the Dotmatics cloud and collaboration capabilities to the diverse community of over one million scientists already using Insightful Science tools.”