Pride Capital’s portfolio company KAIROS (healthcare software) with offices in Bochum, Berlin and Boston decided to join forces with US listed IQVIA (NSSE:IQV) from March 1, 2021. This is the second exit for Pride Capital Partners in the last 3 months.
IQVIA is a leading global provider of advanced analytics, technology solutions and clinical research services to the life sciences industry. IQVIA combines data assets, technology, and analytics with deep, therapeutic expertise to bring innovative medicines to patients faster and with better outcomes. IQVIA uses a variety of privacy-enhancing technologies and security measures to protect individual privacy while generating information. Analysis of this information helps healthcare stakeholders identify disease patterns and counteract them with effective treatment pathways and therapies.
Lars van ‘t Hoenderdaal (Managing Partner of Pride Capital Partners): ”We are proud that KAIROS and its innovative software platform (CentraXX) attracted lots of interest from hospitals and strategic partners. We believe, together with management, that IQVIA is the best possible partner for KAIROS to mutually benefit from the potential of the platform in the process of further digitalization the healthcare sector.”
Martin Zünkeler (Founder and CEO of KAIROS): “We look back on almost 3 years of entrepreneurial partnership with Pride Capital Partners. “What I appreciated most about our entrepreneurial partnership was Pride‘s hands-on mentality. Besides funding our growth ambitions, Pride helped us to professionalize our accounting, invited us to speak at their industry events, opened up their network and organized a commercial roadshow across the Netherlands which led ultimately to this successful partnership with a billion-dollar listed company”.
Management of KAIROS will continue to develop the business together with IQVIA. Together they will boost national and international growth by adding IQVIA technologies to the existing portfolio and expanding expertise in sales, development, and project management. IQVIA will benefit from the intelligent integration capabilities of KAIROS and its feature rich CTMS, biobanking and PRO (Patient Reported Outcome) systems.
About Pride Capital Partners
Pride Capital Partners is a specialized private debt firm that finances profitable and growing companies in the software and ICT segment. Typical scenarios include growth, acquisition and buy-out transactions. The focus is on the Benelux and D-A-CH regions. Pride Capital has offices in Amsterdam and Cologne.
Pride Capital Partners is financed by its own shareholders, wealthy private individuals, family offices, (former) entrepreneurs and institutional investors. The portfolio consists of amongst others The Valley, Spotzer, Bright River, Bluefield, Arcus IT and the German companies Link11 and eKomi.