OpenQ was founded in 2006 by Jim Zuffoletti and Otavio Freire in order to provide a medical affairs compliance solution. The tool enabled Healthcare and Life Science companies to interact with and manage the relationship of KOLs in a compliant manner.
OpenQ’s solutions combine Big Data with expert validation and software applications to deliver actionable information that mitigates compliance risks, while leveraging the latest cloud-based and mobile applications to improve compliant medical network access, collaboration and management. The Company offers award-winning solutions for KOL Management, Medical Affairs Programs, Study Management & Grant Funding, and Speaker Programs. OpenQ has a growing client list that spans the globe and includes 8 of the Top 10 pharmaceutical companies and 3 of the Top 5 medical device companies. The continued interest of life sciences companies in OpenQ’s award-winning research and software products and their leading compliance solutions has led them to expand fourfold since 2008.
Throughout 2011 and 2012, current OpenQ customers began to request a solution for social media compliance in addition to the medical affairs compliance solution they were already using. As a result, the OpenQ team developed Social SafeGuard™ in order to cater to the new need for social media compliance. Learn more about Social SafeGuard: http://www.socialsafeguard.com/
In early 2017 OpenQ was purchased by Anju Software, a life sciences software platform backed by Providence Equity Partners.
“OpenQ will enable Anju to provide additional value-added solutions to pharmaceutical and medical device companies. We are confident that this offering will provide enhanced value to our customers,” said Mr. Jacob, CEO of Anju Software. Mr. Jacob also added that the acquisition of OpenQ is consistent with Anju’s strategy of continuing to enhance its product offering through acquisitions and internal development.
“Anju is the perfect home for OpenQ as we feel that its focus on the Life Science vertical and specifically the Medical Information segment will benefit the customers of OpenQ and also provide further value to Anju’s existing customers” commented Jim Zuffoletti, CEO of OpenQ.
About Anju Software
Anju Software is a technology platform company, focused on delivering business application solutions and services to the Life Science segment. Anju was founded by a group of operating and investment professionals with deep software domain expertise and a proven track record of building software platforms through strategic acquisitions and organic growth. In 2016, Anju acquired Online Business Applications (OBA) which is the market leader in providing Medical Information Solutions to the Pharmaceutical and CRO segment of Life Science.
Anju Software is a portfolio company of Providence Strategic Growth, the growth equity affiliate of Providence Equity Partners, a global private equity firm with $50 billion in assets under management.
About Providence Equity
Providence is a premier, global asset management firm with $50 billion in assets under management across complementary private equity and credit businesses. Providence pioneered a sector focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm’s inception in 1989, Providence has invested in more than 150 companies and is the leading equity investment firm focused on the media, communications, education and information industries. Providence is headquartered in Providence, RI and also has offices in New York, London, Hong Kong, Singapore and New Delhi. For more information on Providence Equity, please visit www.www.provequity.com.