Sales data specialists Cegedim to buy rivals Dendrite
pharmafile | March 2, 2007 | News story | Sales and Marketing |Â Â CegedimÂ
French specialist pharmaceutical database and software company Cegedim is to buy its US-based rivals Dendrite for $751 million.
Dendrite's board of directors has unanimously approved the acquisition and recommends that Dendrite's shareholders vote in favour of the deal.
The merger will create a major new force in pharmaceutical customer relations management (CRM) and salesforce management, a huge industry built around the pharma industry's tens of thousands of sales reps.
Jean-Claude Labrune, founder and chief executive of Cegedim said: "We are very excited to join forces with Dendrite's talented team to create a truly global business with increased international reach, a broader scope of product offerings and the strength to invest in the development of innovative technologies. As a combined organisation, we can achieve an even higher quality of service and will be better able to serve our clients in our competitive global marketplace."
Cegedim has a strong base in Europe, while Dendrite has a sizeable presence in the US and Asia Pacific markets. The companies say the combined group will be able to address the global needs of its customers and provide a unique suite of integrated, value-added products.
The combined company is expected to have estimated annual revenues of $1.1 billion and operate in more than 75 countries throughout Europe, the Americas and Asia Pacific.
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