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8K Miles Software Services Ltd, a leading provider of secure cloud solutions, acuire US-based NexAge Technologies, a leading regulatory compliance and technology solutions company in the life sciences sector. The agreement includes acquisition of intellectual property (IP), technical solutions, client contracts, and employees.
The cloud leader, through its US subsidiary 8K Miles Software Services Inc. has entered into a stock purchase agreement with NexAge Technologies, which has more than 15 years of experience in computer systems validation, quality review, vendor audits, data analysis and migration, analytics, change management, as well as governance for the life science and pharmaceutical industry.The total consideration for the deal is $3,000,000 in combination of cash and stock and includes the existing NexAge’s debt of $800,000.
This is fourth acquisition by 8K Miles during the last one year, that too in the health and pharma space. The cloud leader had acquired US-based Cintel Systems, Canada-based Mindprint, another US firm SERJ Solutions to strengthen its portfolio in the fast-growing life sciences sector.
8K Miles CloudEzRx framework enables customers run critical workloads securely on the cloud and is designed to meet security, analytical and operational needs while addressing the unique regulatory compliance requirements faced by Pharmaceutical and Life Sciences companies. Through this acquisition, 8K Miles gains access to the network of enterprise customers and strategic partners acquired by NexAge during the last decade.
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