RL Solutions to merge with TA Associates-backed Datix
Toronto-based RL Solutions has agreed to combine with London, U.K.-based Datix Ltd to create a single provider of healthcare quality and patient safety software. No financial terms were released for the deal, which is expected to close in the next few weeks. The combined company will be led by Datix CEO Seyed Mortazavi and have more than 3,000 clients in 19 countries. RL Solutions was founded in 1997 by CEO Sanjay Malaviya. Malaviya will become executive chairman of the new entity's board. Earlier this year, Datix secured an investment from TA Associates. The U.S. private equity firm now holds a stake alongside Five Arrows Principal Investments.
16 July 2018•4 mins read
