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Parexel International Corp Announces Acquisition of Liquent, Inc


Thursday, 27 Dec 2012 08:30am EST 

Parexel International Corp announced that on December 21, 2012, the Company acquired all of the outstanding equity securities of Liquent, Inc., global provider of Regulatory Information Management (RIM) solutions. Liquent provides an integrated platform of software solutions for regulatory submissions and product registration management, as well as a range of complementary business process outsourcing capabilities. Liquent was founded in 1994, and its clients include more than 200 biopharmaceutical and life sciences companies. With headquarters in Horsham, Pennsylvania, and additional offices in the United Kingdom, Germany and India, the Company employs nearly 300 individuals. Prior to the sale, Liquent was owned by Marlin Equity Partners. The purchase price was approximately $72 million (which was adjusted at closing to reflect Liquent's cash, indebtedness and working capital balances at closing), and was funded through the expansion of one of the Company's existing credit facilities. 

Company Quote

63.74
0.24 +0.38%
24 Oct 2014