I-many Inc., a purveyor of contract management software, announced today that it would acquire privately held Edge Dynamics Inc., a provider of channel demand management applications for the life sciences industry.
I-many said the deal, which is expected to close within the next several days, would create an end-to-end suite that will help pharmaceutical and other life sciences organizations manage their contracts while keeping track of products through the distribution chain.
Last year, I-many rolled out its Contract Management for the Enterprise suite, after investing $35 million to move all of the company’s products onto a Web-based platform that manages the entire lifecycle of a contract, from creation and storage to notification of key business events and milestones. The suite supports all business functions, including sales, procurement, IT, IP, and other legal processes, according to the company.
The Edge Dynamics acquisition will add more depth to the offering, officials said today. “Edge does a great job of following the product and all of the transactions associated with it as it moves from manufacturing, to the wholesaler, to the distribution center, and ultimately to the public,” said John Rade, I-many’s president and CEO, in an interview with Managing Automation. Edge’s capabilities will allow I-many to follow the contract, the money, and the product through the entire commercial lifecycle, he said.