ALTEN Calsoft Labs, a global provider of enterprise IT and product engineering, has acquired U.S.-based CRO services company PVR Technologies and its subsidiaries. ALTEN Calsoft Labs, a subsidiary of ALTEN Group, works with healthcare and life science companies in their strategic product engineering, IT and digital initiatives.
PVR Technologies, founded in 2006, renders services to Fortune 500 clients in the areas of biotech, pharmaceutical, medical device and clinical research. The core strength of the company is in the domain of biostatistics, SAS and R Programming and data management for pharmaceutical, biotech and CRO in U.S.
"Inorganic growth is a part of our strategy and this acquisition strengthens our healthcare story in US. PVR Technologies is an ideal fit for ALTEN Calsoft Labs with the vision of creating our expertise in the area of statistics, Business Intelligence, Analysis and Reporting," said Gerald Attia, deputy CEO, ALTEN Group.
"We have reached a stage where we feel that there is an opportunity to offer our customers wide range of healthcare service offerings. We are confident that under the leadership of ALTEN Calsoft Labs, our customers will get benefited by their broader capabilities, including next generation digital technologies," said Venkat Panchumarthi, CEO, PVR Technologies.
The ALTEN Group is a European Technology Consulting and Engineering (TCE) firm with over 20,400 employees in more than 20 countries. Headquartered in Paris, France, with operations throughout Europe, North America, India, China and the MENA region, the ALTEN Group works with clients in the aerospace, defense, transportation, energy, life sciences, financial services, telecom and IT sectors.