Accelrys Acquires Compliance Software Firm QUMAS
Based in Ireland, QUMAS is a provider of electronic document management, electronic process management, and GxP management and regulatory affairs solution. The acquisition continues to build out Accelrys’s offering of software for research through manufacturing.
San Diego, CA 12/9/13—Accelrys, a provider of scientific innovation lifecycle management (SILM) solutions, has acquired QUMAS for $50 million in cash. QUMAS is a supplier of compliance software supporting regulatory and quality operations in life sciences and other highly regulated industries. QUMAS offers an electronic document management application with related R&D submission and quality analysis documentation packages based on customer and industry requirements and best practices. In 2012, QUMAS revenues grew 27.0% to $19.3 million. “Integrating QUMAS solutions into the Accelrys product portfolio will provide a single-vendor SILM solution that is already in high demand for product lifecycle management into the critical compliance and quality management arena for science-based process industries,” commented Accelrys President and CEO Max Carnecchia. The acquisition is expected to be neutral to Accelrys non-GAAP EPS in 2013 and to contribute $1–$2 million in non-GAAP revenue.
