Jubilant Buys Canadian Firm TrialStat Clynical Analytics : PE backed pharma company Jubilant Organosys has acquired Canada-based TrialStat Clynical Analytics from TrialStat for $0.61 m (Canadian dollar 7.5 lakh).
Jubilant has made this acquisition through its New Jersey based subsidiary, Clinsys Clinical Research Inc. TrialStat and its EDC offering will allow Clinsys to continue to expand its integrated solutions for pharmaceutical, biotechnology and medical device organisations. Jubilant has been funded by Citi venture Capital (Rs 225 cr for a 10% stake) with Henderson Capital in 2004. In 2005, General Atlantic Partners invested $25.3 m in Jubilant.
Idhasoft, Westcon Group Forge Tie-Up
Idhasoft has forged a tie-up with the Westcon Group, a multi-national distributor in US. Under this agreement Idhasoft will be able to sell and deploy on-site services including providing its customers with new mobile, wireless LAN/WAN solutions and professional services in every State in the US through Westcon Group, which is a distributor of technology products to vendors like Cisco, Nortel Networks, and Avaya.
Idhasoft has an aggressive acquisition strategy and has completed 27 acquisitions till date.India and US-based Idhasoft, an IT consulting and solutions company, had raised a capital of $30 m from Bahrain-based Arcapita Bank for a 12% stake in September 2008, valuing it at $250 m.
Parsvnath Enters Into A JV With Spanish Firm : Parsvnath has formed a JV with a Spanish firm Constructora San Jose, an infrastructure development company. Parsvnath had been funded Rs 186 cr in April this year for a 30% stake to be held by Yatra Capital and Saffron Real Estate Fund I (SIREF I), both of which are funds of Saffron Group.