Data management company for clinical trials

Prepare the company for transition

The company was a specialized niche player in providing data quality assurance services for Pharma and Biotech companies to improve the accuracy of their clinical trial data.

Challenge

This company was acquired by its largest competitor. An important factor for the acquisition was its success in acquiring and developing large key clients despite its start-up character. Post-acquisition challenges were focussed on the maintenance of the original team in order to help with the generation of new business in the future.

Approach

EstaEstablish transition plan to assure that key people would maintain their entrepreneurial spirit and decision-making autonomy in the post-acquisition phase. We helped this company to develop an incentive system to assure alignment of interest of staff in company success.

Outcome

Key team members were promoted and assumed further responsibilities. The team stayed intact until integration was completed, after the two-year transition period.