French tech giant Dassault is nearing deal to buy health software company Medidata
"It's a logical evolution of the scope of what we do," Bernard Charles, chairman and CEO of Dassault Systemes, told CNBC's "Street Signs Europe" on Wednesday.
"Life science is going to go through an accelerated digitization of its own processes, basically. That's the motivation for Dassault Systemes to buy Medidata Solutions," Charles said. Medidata's software is used to help clinics manage their back-office operations and their data, and it provides analytics tools so they can make sense of massive amounts of information. Medical device companies also use it to track the process of their clinical trials.
"Medidata has always been an extremely well-run company and a juggernaut in their space," said Bijan Salehizadeh, a medical technology investor at NaviMed Capital. "It's an A-plus asset."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Salesforce to buy Tableau Software in an all-stock dealThe White House has had no problem leveraging American economic heft to bring other countries to heel — and it may continue to do so, Treasury Secretary Steven Mnuchin told CNBC.
Read more »
Shutterfly strikes take-private deal with Apollo Global, valuing company at $2.7 billionDigital imaging company Shutterfly announced on Monday that it's agreed to be acquired by Apollo Global Management.
Read more »
Stocks making the biggest moves after hours: Dave & Buster's, Medidata, and moreSee which stocks are posting big moves after the bell on June 11.
Read more »
Tech Giants Told To Up Their Game, As Faith In Institutions Erodes
Read more »
Factbox: Global tech companies shun Huawei after U.S. banGlobal technology companies are cutting ties with China's Huawei Technologi...
Read more »
How Did WeWork’s Adam Neumann Build a $47 Billion Company?Nine years ago, Adam Neumann discovered he could make office spaces fun and charge extra for the “community.” How did he build WeWork into a $47 billion company? Not by sharing. reeveswiedeman reports
Read more »