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Matheson advises Insight Partners on acquisition of Statistical Solutions

AUTHOR(S): Brian McCloskey
KEY CONTACT(S): Brian McCloskey
PRACTICE AREA GROUP: Corporate, Mergers and Acquisitions
DATE: 05.06.2020

Matheson recently advised Insight Partners on their acquisition of Statistical Solutions Limited, a Cork based data science and business analytics company who are the developer of nQuery, the world’s most trusted clinical trial design platform.

Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software scaleup companies that are driving transformative change in their industries.

Insight Partners invest in leading high potential software companies, and acquired Statistical Solutions through their subsidiary Insightful Science LLC. Insightful Science are a Californian based technology company with category-leading software designed to empower scientists at every stage of the research and development process. Insightful Science will add Statsols to its Data Analysis & Visualization division. Other products within the portfolio include GraphPad Prism.

Created by clinical trial design experts, nQuery is the software of choice for researchers who want to calculate sample size and power to optimize their clinical trial designs. It is proven to make clinical trials faster, less costly, and more successful. It covers all phases (I - IV) and all types of trial designs (classical to adaptive), ensuring researchers meet regulatory requirements and make clinical trials as efficient and ethical as possible.

To date, more than 50,000 researchers from around the world rely on nQuery, including labs at 45 of the top 50 pharmaceutical companies. The solution is also recognized by the leading regulatory bodies and last year 90% of organizations with FDA approved clinical trials used nQuery for study designs.

This transaction, which was brought from commencement to conclusion almost entirely during the current COVID-19 restrictions, is another example of the strength and resilience of deal making in the technology sector during current economic conditions and the quality and attractiveness of Irish technology companies to international investors.

Insight Partners were advised by a cross-departmental Matheson team led by Corporate M&A partner Brian McCloskey and senior associate Enda Garvey.

“We were delighted to have the opportunity to work with Insight Partners again on this strategic acquisition of Statistical Solutions, a market leading company. This transaction was particularly important given the constraints of the global lockdown and pandemic which created an unprecedented deal environment. It is a testament to both buyer and seller to have completed this acquisition and we wish both parties continued success.”

With a wealth of experience across our six partner led offices worldwide and a dedicated 100 person Corporate Department, Matheson has some of the most experienced corporate lawyers in Ireland.  Excellence matters and Matheson’s Corporate Department, led by 21 partners, has unparalleled experience in complex and innovative domestic and international corporate transactions across all industry sectors.

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