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Dotmatics Acquires Softgenetics Expanding Into Clinical And Forensic Genetic Analysis

Jun 12, 2023•about 2 years ago

Acquiring Company

Dotmatics

Acquired Company

SoftGenetics

BostonSoftware

Description

Dotmatics, a leader in R&D scientific software connecting science, data, and decision-making, today announced it has acquired SoftGenetics, a bioinformatics software company that offers a range of advanced genetic analysis products for research, forensics, and healthcare applications.

Company Information

Company

Dotmatics

Location

Boston, Massachusetts, United States

About

Dotmatics is a leader in R&D scientific software connecting science, data, and decision-making. Its enterprise R&D platform and scientists' favorite applications drive efficiency and accelerate innovation. More than 2 million scientists and 10,000 customers trust Dotmatics to help them create a healthier, cleaner, safer world. Dotmatics is a global team of more than 800 people dedicated to supporting its customers in over 180 countries. The company's principal office is in Boston, with additional offices and R&D teams located around the world. Dotmatics is backed by Insight Partners, a leading global venture capital and private equity firm investing in high-growth technology and software scaleup companies. Learn more about Dotmatics, its platform, and applications including GraphPad Prism, Geneious, SnapGene, Protein Metrics, and LabArchives at https://www.dotmatics.com. SOURCE Dotmatics Inc

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

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