Two firms have dominated the adverse event and safety reporting software market including Relsys (Argus Safety), which was acquired by Oracle several years ago, and ArisGlobal (Aris G) which was just acquired by a private equity group at nearly a $700 million valuation.

The Wall Street Journal reports on this somewhat surprising deal given that Aris G has traditionally been closely held, with the majority of its shares bought by European buyout firm Nordic Capital. It is reported the deal values the life-sciences software company at $700 million, including debt.

Interestingly, this is the second deal in less than a week as Dassault Systems SA just acquired Medidata for $5.8 billion, including debt.

Source: The Wall Street Journal

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