eClinical Solutions LLC, a global provider of digital clinical software and services, today announced that GI Partners, a private investment firm, has made a majority investment in the company. This affirms eClinical Solutions’ position as a trusted partner for large, mid-size, and emerging life science organizations looking to accelerate research and drive tomorrow’s therapeutic breakthroughs amid growing trial complexity. Additionally, GI Partners’ investment in eClinical reflects its longstanding commitment to backing industry leaders providing critical services to growing sectors. Financial terms of the private transaction remain confidential. 

Headquartered in the Boston metropolitan area, one of the nation’s leading pharma and biotech innovation hubs, eClinical Solutions has been creating technology to help solve the market’s growing clinical data challenges since its founding in 2012. The company’s elluminate Clinical Data Cloud® SaaS platform is designed to optimize data flows, accelerate cycle times and increase productivity to future proof clinical trials for clients. Recognized as a leader in the data infrastructure and analytics category, eClinical works with 16 of the Top 50 biopharmaceutical companies, helping them unlock the value of their data with modern infrastructure.

“When we founded eClinical over a decade ago, clinical data volume and complexity were beginning to escalate rapidly. To improve trial efficiency and help pharmaceutical companies keep up with the mounting pressure to shorten timelines, we had a vision to create frictionless data flows enabled by cloud and digital platforms,” said Raj Indupuri, co-founder and CEO of eClinical Solutions, who will continue to lead the company along with the current management team. “A lot has changed over the years, but our mission hasn’t. We are helping our clients get treatments to patients faster by providing them with a data infrastructure and analytics foundation that powers critical efficiencies across the R&D lifecycle. GI’s support will help fuel the next phase of our company’s journey, as we look to deepen our product roadmap, extend embedded AI capabilities, and help drive future-ready trials.”

“We’re incredibly proud of the organization we’ve built and are excited to partner with GI Partners as we embark on this next chapter of growth,” added Bob Arnesen, co-founder and president of eClinical. “GI’s track record in scaling biopharmaceutical technology businesses and their deep understanding of our market will ensure we can execute our strategy of reliably delivering value to our clients and partners."

“Raj, Bob and their team have built an exceptional business and an industry-leading platform empowering faster, informed decision-making in clinical trials to drive biopharma innovation for the customers they serve,” said Dave Kreter, managing director at GI Partners. 

Summit Partners, an investor in eClinical since 2020, will continue to hold a minority position in the company. eClinical’s founders will also retain a significant equity stake alongside GI Partners.

“We’ve been honored to be a part of the eClinical growth story over the last several years, as the company has scaled both in size and impact,” said Mark deLaar, a managing director at Summit Partners. “It’s a pleasure to welcome GI Partners, and we look forward to working together to support the company’s continued development of innovative solutions that empower eClinical customers worldwide.”

Guggenheim Securities, LLC served as exclusive financial advisor to eClinical Solutions. Morse, Barnes-Brown & Pendleton, and Choate Hall & Stewart LLP served as legal counsel to eClinical Solutions. Leerink Partners and J.P. Morgan served as financial advisors and Ropes & Gray LLP served as legal advisors to GI Partners.

The transaction is expected to close in the third quarter of 2024, subject to customary closing conditions and regulatory approvals.