eClinical sector remains of high interest to PE: CRF viewed as next target (PE Hub)

Tom Paine

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From PE Hub Buyouts (Subscription)

"The eClinical sector remains of high interest to PE
Vitruvian's CRF (Plymouth Meeting) viewed as next eClinical target of scale to go
Bracket Global (Wayne), ERT (Philadelphia) and BioClinica (Doylestown) all commanded mid-teen multiples of EBITDA."

Bracket Global was just acquired by Genstar Capital.

Veeva Systems (NYSE: VEEV), with offices in Radnor, is also about to enter the market.

Daily Links 2/22/2011: Checkpoint, CDI down after financial results

WGAW Reps: Comcast Wants to Destroy Unions (Hollywood Reporter)

CBS Picks Netflix Over Hulu to Stream Classic Shows (Gigaom: NewTeeVee)

Amazon Prime Instant Streaming Launches, But Not (Yet) A Netflix-Killer (Silicon Alley Insider)

Xoom Android tablet set for sale Thursday at Verizon (Computerworld)

Checkpoint Systems, Inc. Announces Fourth Quarter and Full Year 2010 Results (Business Wire)
Checkpoint Systems Q4 misses Street (Reuters)

CDI Corp. Reports Fourth Quarter and Full Year 2010 Results (PR Newswire)
CDI shares are really getting hammered today, off almost 15%, after missing forecast.

Veeva Systems Announces Increased Investment in China
Life sciences business solutions leader expands operations in industry’s largest emerging market to support customer growth (Business Wire)
Veeva Systems has a significant presence in the Philadelphia area.

SAP Eyes Wider Market With Real-Time Business Analytics Software (Bloomberg)

Recyclebank Raises Additional $14 Million in Series C Financing (PR Web)
Recyclebank started out in Philly and still has some of its operations based here.

SAS acquires Assetlink to help marketers deliver smarter, more efficient campaigns (SAS Press Release)



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