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Quayle Munro Limited is pleased to announce that it has advised the shareholders of AVEDAS AG (“AVEDAS”), the developer of leading research management software “CONVERIS”, on its sale to Thomson Reuters, a leading global information business.
CONVERIS is an integrated research information system that supports research institutions in managing their research activities. It enables the collection of data throughout the research lifecycle, allowing research institutions to manage their research information from initial idea and grant applications through to the day-to-day management of ongoing projects and their results, including publications, patents and many other outputs.
AVEDAS was founded in 2004 and is headquartered in Karlsruhe, Germany, with offices in Leiden, The Netherlands and Hyderabad, India.
Julian Moore, Managing Director, Quayle Munro said:
“AVEDAS has built a leading position in the fast-growing CRIS (“Current Research Information System”) market and become an invaluable tool for research institutions around the world. Quayle Munro is delighted to have worked with AVEDAS and the transaction continues our strong track record in the software, media, and information sectors. We continue to see significant on-going activity in this market, driven by demand for high quality, scalable solutions.”
Jan Maier, CEO and Co-Founder, AVEDAS, said:
“The Quayle Munro team had an excellent understanding of CONVERIS and recognised the significant potential for the business. Quayle Munro’s knowledge of the buyer universe and excellent industry relationships, coupled with its domain expertise and skilful management of the sale process was vital to ensuring the successful conclusion of the transaction. AVEDAS is excited to enter the next phase of its growth by joining Thomson Reuters, a combination which offers even more to our growing customer base.”
