IMS Health acquires venture-backed Privacy Analytics
IMS Health Inc (NYSE: IMS) has acquired Privacy Analytics Inc, a Canadian provider of technology solutions for de-identifying and anonymizing healthcare data. No financial terms were disclosed. IMS Health, a U.S. health information business, said the acquisition will extend its real-world evidence capabilities and reinforce its commitment to patient data privacy. Based in Ottawa, Privacy Analytics was backed by Vanedge Capital, which led its $3.5 million financing in July 2014, BDC Capital IT Venture Fund, MaRS Investment Accelerator Fund, and other investors. IMS Health, a portfolio company of Canada Pension Plan Investment Board, agreed to merge with Quintiles Transnational Holdings Inc earlier this month.
25 May 2016•4 mins read
