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Verily Completes Acquisition Of Signalpath, Expanding Company’S Clinical Research Capabilities And Marking Company’S First Major Acquisition

Aug 31, 2021•over 4 years ago

Acquiring Company

Verily

Acquired Company

SignalPath

San FranciscoHealth CareSoftwareSportsGovernment And MilitaryHealth Care

Description

Verily, an Alphabet company, today announced that its previously announced acquisition of SignalPath, a privately held company that makes clinical research software based in Raleigh, has successfully closed.

Company Information

Company

Verily

Location

San Francisco, California, United States

About

Launched in 2015, Verily is a subsidiary of Alphabet focused on life sciences and healthcare. Verily's mission is to make the world’s health data useful so that people enjoy healthier lives. Verily develops tools and devices to collect, organize and activate health data, and creates interventions to prevent and manage disease. Verily partners with leading life sciences, medical device, and government organizations, using deep hardware, software, scientific, and healthcare expertise to enable faster development, meaningful advances and deployment at scale.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed