ClinPhone Inc. Announces Acquisition Of DataLabs; Deal Could Be Worth Up To $68.8 Million
ClinPhone, the global leader in clinical technology solutions, today announced the acquisition of DataLabs, a premier Electronic Data Capture (EDC) vendor. This enables ClinPhone to become the first company in the biopharmaceutical sector to offer a comprehensive suite of clinical trial management and data capture systems. The deal could be worth up to $68.8 million to the shareholders of DataLabs if the company meets certain performance targets. All employees within its current headquarters in Irvine, CA and its satellite operations office in Conshohocken, PA will integrate into the ClinPhone organization.