Albion Ventures acquires Cisiv Ltd

By Marc Castro

Oct 15, 2013 10:22 AM EDT

Albion Ventures recently completed the acquisition of Cisiv Ltd. Albion is one of the largest venture capitalists in the UK while Cisiv is a healthcare Software as a Service company. The services of Cisiv are web based in nature used for data capture and management in long-term studies on the cost, safety and benefit of licensed medicines.

The industry leading platform is Baseline Plus of Cisiv and it focused on non-interventional studies of licensed medicines.This is an emerging market in drug research as drug companies with regulators increasingly becoming aware of safety, healthcare outcomes and health economics derived from real world drug usage settings.

The company was established by Dominic Farmer, who worked with leading global pharma companies in the field of healthcare technology. This helped identify the need for a fit-for-purpose product in this market. 

According to Farmer, who is also Cisiv's founder and CEO, "We are delighted to have gained the backing of Albion whose expertise in the healthcare IT space convinced us that they would be ideal partners. They bring real depth of understanding in this sector and we believe their strategic and financial support will help us achieve our ambitious growth plans."

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