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| Acquiring Party | Cognizant Technology Solutions Corporation (NASDAQ:CTSH), a major provider of global IT and business process outsourcing services. |
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| Transferring Party | marketRx, Inc., a provider of analytics and related software services to pharmaceutical, biotech and medical device companies. |
| Sector | Data Management/ Healthcare IT |
| Date | October 18, 2007 |
| Analysis Expands Cognizant’s Life Sciences industry offerings. marketRx provides web-based solutions for sales management, brand marketing and product management and market research, with the 20 largest pharmaceutical companies and 4 out of the top 5 biotech companies as customers. Deal value -- $135m. | |
The Walden Group is a leading healthcare investment banking firm specializing in mergers, acquisitions and strategic transactions. It also invests its own funds and, together with its expert operational partners, provides value-added services to help special companies reach critical milestones. This information is copyright © 2004-2007 The Walden Group, Inc. This information is provided as a service to the public but remains the intellectual property of The Walden Group, Inc and may not be reproduced in any manner without the written permission of The Walden Group, Inc. The information contained in the transactions table was derived from publicly available and other sources. Transaction analysis and other information are based, in part, upon public comments, Walden Group research and judgments, and reporting and research of others. The information is not intended to be relied upon as pronouncements by the transaction participants or for any other reason. | |