Simulations Plus Acquires Pro-ficiency, Creating One-of-a-Kind Platform Spanning the Drug Development Continuum I wanted to let you know the exciting news that Pro-ficiency has been acquired by Simulations Plus (SLP). Simulations Plus is a leading provider of modeling and simulation software and consulting services supporting drug discovery, development, research, and regulatory submissions. We are excited to join forces with a company that shares our commitment to good science, our passion for leveraging advanced technologies to advance critical research, and our dedication to supporting clients in improving their ROI on drug development and patient care. Each of our companies brings unique strengths to the table, and I am confident that together we will see increased growth and success. Both companies leverage simulation technology to accelerate the performance of Life Science companies from discovery to delivery of new therapeutics. Simluations Plus focuses on quantitative simulation and modeling services. Pro-ficiency leverages experiential simulation to elevate the performance of life science teams. The combination creates a one-of-a-kind simulation platform spanning the drug development continuum. Pro-ficiency has shown exceptional growth since the investment by QHP Capital in February of 2021. This $100M transaction provided exception returns to the QHP LPs and Pro-ficiency founders in a timeline just over the ideal holding window of 36 months. I want to thank our employees and customers for creating and supporting the Pro-ficiency journey. Thanks also to QHP Capital that trusted me with guiding this investment for the firm. I am personally excited to join the Simulations Plus team as President. In the coming days, I will sharing some lessons learned for fellow entrepreneurs. https://lnkd.in/evQe-NVM #Simulations-Plus #Pro-ficiency #Simulation
Wash. Rinse. Repeat
Congratulations to you and the Pro-ficiency team!! All your hard work has paid off. It's been exciting to see the impact of simulation spreading across the clinical industry!
Congratulations Michael Raymer. Well executed.
Wow! Congratulations to you and the team.
Congrats! Exciting news!
Congratulations Michael Raymer and the QHP Capital team. Great job at navigating to value. Certainly this creates a “unique” platform company!
What a ride it has been! Incredible 3 years serving as your HR leader.
Congratulations Michael and QHP Capital!
Congrats Michael, very exciting news for you and the team!! Wishing you all the best.
Chief Financial Officer at Pro-ficiency
3moIt was a pleasure serving as your CFO Mike. What a journey!