San Francisco headquartered 8K Miles Software Services, provider of secure cloud solutions, has entered into an asset purchase agreement with Canada based Mindprint, a clinical research software startup, to strengthen its presence in pharmaceutical vertical. India listed 8K Miles, through its US subsidiary 8K Miles software services, has taken over Mindprint which is focused on Analytics and operational software for Clinical Research Organizations and Pharmaceutical sponsors.
This asset purchase agreement includes acquisitions of intellectual property, client contracts and employees. The total consideration in cash and stock, for the acquisition is $400,000. Large enterprises from healthcare, pharmaceutical, financial and insurance markets use cloud offerings from 8K Miles for security and compliance. Mindprint focuses on analytics and operational software for Clinical Research Organizations (CRO) and pharmaceutical firms based in Markham, Ontario (Canada).
Mindprint deep domain knowledge of CRO and pharma outsourcing operations will provide 8K Miles additional competitive advantage to capitalize on the growth potential in the related markets in India and abroad. 8K Miles was founded by Venkatachari. A cloud solutions and managed Services Company, it provides SMAC (social, mobile, analytics, and cloud) solutions for connectivity between consumers, SMBs, enterprises, and government agencies.
Its flagship solution EzIAM provides capabilities for user management, user provisioning and access requests for end users. Four months ago it had acquired SERJ Solutions and FuGen Solutions, which provides electronic health record (EHR) consulting, custom applications, and support solutions for the healthcare market in November 2014, for an undisclosed amount.