April 2006

TAKE Solutions Ltd., a technology enabled business solutions company with leadership in the Supply Chain Management and Life Sciences vertical, today announced the acquisition of two US based companies - OnSphere Corporation and Applied Clinical Intelligence, LLC (ACI). While OnSphere Corporation, an emerging leader in regulatory compliant web-based Pharma solutions, has been acquired for a sum of USD $2.75 million, Applied Clinical Intelligence LLC, providers of clinical research solutions to pharmaceutical and healthcare companies, accounted for USD $2.4 million. According to the terms and conditions, TAKE Solutions will acquire these two companies in an all cash deal. Onsphere is a 100% acquisition and TAKE has a 51% stake in ACI.

With this acquisition of OnSphere Corporation, TAKE Solutions will be able to enhance its FDA compliant Document Management Systems complementary to TAKE’s current product offering viz. SubmitSPL and Submit-eCTD. As a Microsoft Gold Certified Partner and Digital Pharma Member Company, OnSphere has successfully deployed solutions throughout the U.S., Canada, and Europe. The acquisition will enable TAKE Solutions’ to leverage this expertise.

The incorporation of ACI into TAKE Solutions will strengthen its clinical data management, analysis and reporting capabilities enabling TAKE to build on products like safety data marts, safety dashboards and clinical data marts. ACI’s highly qualified team, with deep domain knowledge in Life Sciences will also be an asset to TAKE Solutions.

“The acquisition is in line with our focused strategy to scale our products offering for the life sciences vertical. With the market seeking specialists with deep domain knowledge coupled with technical expertise, it was time for us to align with companies that reflected these capabilities and demonstrated the tenacity to persevere and establish their presence in this intensely competitive market,” said Mr Srinivasan HR, Vision Holder, TAKE Solutions.

Life Sciences is an important vertical in the TAKE Solutions’ portfolio with over 45 per cent of its revenues coming from it. According to Ram Yeleswarapu, President & CEO, TAKE Solutions, “These acquisitions represent a significant step in broadening our regulatory-compliant life sciences software product line. OnSphere and ACI have an established track record and complement our competencies. It will be our resolve to integrate the two companies seamlessly and profitably into TAKE Solution’s fold and leverage the combined skill-sets and market know-how to garner significant market share in the life science’s vertical.”

Take Solutions works with leading companies across the world including Pfizer, Novartis, Johnson & Johnson, Quintiles Transnational, Wake Forest University Baptist Medical Center, and GlaxoSmithKline to name a few. The acquisition of US companies will enable it to further extend its product offerings for the life sciences vertical besides giving exposure to more customers.

TAKE Solutions

TAKE Solutions, a technology enabled business solutions company with leadership in Supply Chain Management and Life Sciences, has employee strength of 450. Headquartered in Singapore, the company has its SCM Domain Excellence Centre and Global Delivery Centre in India. It has a strong presence in USA through its Life Sciences Domain Excellence centres located in Princeton, New Jersey; Research Triangle Park (RTP), Raleigh, North Carolina, and Philadelphia, Pennsylvania. Apart from this the company has a significant representation in various regions across the world through its business development offices located in India, Sri Lanka, Singapore, Malaysia and USA. TAKE Solutions’ flagship product is TAKE RTE, which is a unique framework combining BPM, workflow management, and application and information integration. Developed on the Microsoft .Net platform, it also provides a composite application development environment. TAKE is accredited with CMM Level 4 certification. It has a strong technology and domain expertise, using which it offers IT enabled services to its customers worldwide.