IDBS Buys Modeling Software Firm

IDBS told IBO that Quantrix’s multidimensional spreadsheet technology is a differentiating feature of IDBS’s E-Workbook Suite. Users of Quantrix Modeler can modify and update models without IT or programming input. Quantrix has nine employees.

Guildford, UK, Burlington, MA and Portland, ME 8/26/10—Data management and analytics solutions provider IDBS has agreed to acquire Quantrix for an undisclosed amount. Quantrix provides business modeling and analytics software and services. IDBS currently licenses Quantrix’s technology for use in its E-Workbook Suite electronic laboratory notebook. “This transaction allows us to accelerate the introduction of advanced modeling and analytics tools into our solutions for high-value areas in pharmaceutical and healthcare informatics, such as translational medicine and preclinical development,” stated Neil Kipling, founder and CEO of IDBS. IDBS stated it will continue to invest in Quantrix’s products for financial services, engineering and manufacturing. Quantrix will continue to operate as an independent business from its headquarters in Portland, Maine.

< | >