Waud Capital Partners Boosts Science Exchange for Life Sciences

Waud Capital Partners Boosts Science Exchange for Life Sciences

Science Exchange Set to Transform with Support from Leading Private Equity Firm

Waud Capital Partners, a prominent private equity firm focused on the software and healthcare sectors, has recently taken an exciting step by acquiring Science Exchange, a pioneer in life sciences procurement and supplier management SaaS. This acquisition signals a remarkable new chapter for Science Exchange, boosting its impressive growth trajectory and enhancing its innovative software capabilities.

The impetus behind Waud Capital's decision lies in a comprehensive assessment of the life sciences procurement technology landscape. Science Exchange distinguished itself as a leader in this sector, characterized by its state-of-the-art cloud supplier orchestration platform, which operates under a clear SaaS subscription model. This innovative platform eliminates the complexities of procurement workflows, managing everything from supplier and product discovery to contracting, compliance management, RFP management, internal approvals, and invoicing.

Many leading scientists and procurement teams at top pharmaceutical companies now utilize the Science Exchange platform. It has emerged as an essential tool within their operations, providing substantial cost savings, fostering efficient supplier collaboration, and accelerating project execution. "With the support of Waud Capital, we are on the verge of solidifying our position as the go-to SaaS supplier orchestration platform in the life sciences sector," stated Elizabeth Iorns, Ph.D., CEO and Co-Founder of Science Exchange. "This partnership will expedite our product innovation and facilitate even faster growth, ultimately enhancing our contributions to the industry. Waud's extensive experience in scaling tech companies, particularly within healthcare and life sciences, aligns perfectly with our goals and aspirations."

Matthew Clary, a Partner at Waud Capital, emphasized the strong potential of Science Exchange, stating, "This acquisition underscores the robustness of the technology and the visionary leadership behind it. Our expertise in software, healthcare information technology, and pharma services positions us well to support their continued success in this promising market."

Paul Sutphin, Principal at Waud Capital, pointed out how the exceptional quality of Science Exchange’s software stood out during their review process. He mentioned that forward-thinking procurement leaders are integrating Science Exchange's versatile cloud platform into various facets of their organizations, enabling significant time and cost efficiencies that can be redirected into research and development initiatives.

With Waud Capital's backing, Science Exchange plans to broaden its product offerings, explore innovative technologies, and amplify its visibility in the market. Key leaders of the firm, including Elizabeth Iorns, Ph.D., Dan Knox, and Tzlil Hadass, will continue to guide the company, ensuring a seamless transition and consistency for clients and stakeholders alike.

Mark Layden, an Operating Partner at Waud Capital, will step into the role of Executive Chairman at Science Exchange. "Joining Science Exchange during this critical phase of growth is incredibly exciting," remarked Mark. "The innovative platform that Elizabeth and Dan have developed is already a game-changer within the life sciences arena. I am enthusiastic about contributing alongside the talented leadership team at Science Exchange, ensuring we uphold the standards of supplier orchestration, while also unlocking fresh avenues for growth and industry innovation."

Waud Capital’s strategic acquisition highlights the firm’s commitment to supporting businesses that showcase strong leadership and innovative solutions. As the landscape of life sciences procurement continues to evolve, Science Exchange is well-poised to take advantage of expanding opportunities, building upon its reputation as a leading supplier orchestration platform.

About Science Exchange

Science Exchange is recognized as the inaugural procurement and supplier orchestration cloud software platform specifically designed for life sciences enterprises. This platform efficiently digitizes and streamlines intricate procurement workflows that encompass the entire purchasing lifecycle. Numerous premier pharmaceutical and biotechnology organizations depend on Science Exchange to expedite their research, automate labor-intensive processes, and accelerate the growth of their projects.

About Waud Capital Partners

Waud Capital Partners is a dynamic private equity firm based in Chicago, boasting over 30 years of investing experience. The firm focuses on collaborating with seasoned management teams to cultivate leading market players within the software and healthcare sectors. Since its inception in 1993, Waud Capital has executed more than 460 investments, encompassing platform companies and follow-on opportunities.

Frequently Asked Questions

What is the significance of Waud Capital's acquisition of Science Exchange?

The acquisition positions Science Exchange for transformative growth, enhancing its software capabilities and market presence in life sciences procurement.

How will Science Exchange benefit from Waud Capital's backing?

The partnership will accelerate product innovation, improve efficiency, and expand Science Exchange's impact in the life sciences industry.

What makes Science Exchange's technology stand out in the market?

Science Exchange is distinguished by its modern cloud supplier orchestration platform, which simplifies complex procurement workflows through a transparent SaaS model.

Who are the key leaders at Science Exchange following the acquisition?

Elizabeth Iorns, Ph.D., Dan Knox, and Tzlil Hadass will maintain their leadership roles to ensure continuity for customers and stakeholders.

What is Waud Capital's investment focus?

Waud Capital specializes in investing in software & technology and healthcare sectors, seeking to partner with strong management teams to build market-leading companies.

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