Veeva Systems (NYSE:VEEV) will acquire Crossix Solutions in a deal that’s expected to close in November.
Veeva will pay $430M in cash plus provide certain Crossix employees with long-term equity retention grants valued at $120M.
The patient data and analytics company will remain an independent unit under its current brand and CEO.
Over 200 pharmaceutical brands use Crossix to help maximize media and marketing efficiencies.
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Date: September 30, 2019
Source: 1Business World