Phase Forward (NASDAQ:[[ticker:PFWD]]), a Waltham, MA-based provider of data management software for clinical trials and drug safety, says that it has acquired Waban Software for $14 million in cash. Waban, based in Cambridge, MA, and with offices in Mumbai, India, sells software for automation and compliance of clinical trials analysis and reporting. Waban, which will become Waban Software Group and be based in Waltham, had 2008 revenue of $4 million and broke even for the year, according to Phase Forward.
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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