Anju Software Continues to Build the Next Generation Life Science Software and Data Platform Through Acquisition of MDCPartners

Anju Software Inc., a life sciences software platform backed by
Providence Equity Partners, has acquired Antwerp-based MDCPartners, a
company that specializes in business intelligence data solutions for
clinical trial optimization, medical expert identification and
competitive intelligence.

“MDCPartners will enable Anju to provide additional value added
solutions to pharmaceutical, biotech and medical device companies. This
acquisition strengthens Anju’s current product portfolio and can now
provide up-to-date comprehensive data for Medical Expert Engagement and
Clinical Trial Optimization. MDC, which is based in Belgium, also
provides us with operations in Europe to better service our global
customers,” said Mr. Kurien Jacob, CEO of Anju Software.

“Anju’s approach and philosophy provides us with financial strength and
scale as well as additional resources to support our growth strategy and
guide our clients over the long-term,” added Mireille De Cre, co-founder
and CEO of MDCPartners.

“With the acquisition of MDCPartners, Anju continues its accelerated
growth within the Medical Affairs and clinical trial sectors. Anju is
now recognized as an emerging leader in the life science software
industry, providing end-to-end software solutions that help customers
manage mission critical pharma processes and turn data into actionable
insights. We continue to be impressed with what the Anju management
team, led by CEO Kurien Jacob, has been able to achieve in a short
period of time,” said Gopi Vaddi, Managing Director of Providence
Strategic Growth.

Snell and Wilmer acted as legal counsel to Anju and Madison Park Group
acted as financial advisors to Anju on the transaction.

About Anju Software

Anju Software is a leading provider of comprehensive software solutions
to the life sciences industry. The Company provides an integrated
platform spanning clinical, medical affairs and after-market functions
for pharmaceutical, biotech and medical device companies and clinical
research organizations. Anju was founded by a group of operating
professionals with deep software domain expertise and intent on building
the next generation platform for the life sciences sector. Over the past
two years, Anju has acquired five companies:

Anju Software is a portfolio company of Providence Strategic Growth, the
growth equity affiliate of Providence Equity Partners, a global private
equity firm with over $57 billion in capital under management.

About MDCPartners

MDCPartners provides business intelligence solutions for clinical trial
optimization, medical expert identification and competitive
intelligence. With deep expertise in the fields of data mining, semantic
processing and engineering, MDC provides its clients with event-based
tools to monitor and analyze an ever-expanding world of public and
private data. With their proprietary data solutions, users can transform
millions of scattered data points into a robust snapshot of a
therapeutic area. MDC combines its expertise in drug development
processes with its unique IT architecture to provide cost effective
information solutions to the pharmaceutical and biotech industry.
MDCPartners offers a product suite that includes: ta-Scan, a web-based
data platform that helps users monitor, aggregate, and analyze
regulatory data, trial data and expert profiles; normScan:
web-based standards tracking tool tailored to clients’ product range;
and Real World Solutions; a tool allowing the depiction of external
client data merged with information from a public data cloud.

About Providence Equity

Providence is a premier global private equity firm with more than $57
billion in capital under management. Providence pioneered a
sector-focused approach to private equity investing with the vision that
a dedicated team of industry experts could build exceptional companies
of enduring value. Since the firm’s inception in 1989, Providence has
invested in more than 160 companies and is a leading equity investment
firm focused on the media, communications, education and information
industries. Providence is headquartered in Providence, RI, and also has
offices in New York and London. For more information, please visit www.provequity.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180621005656/en/