Sparta Systems, a portfolio company of Thoma Bravo, has acquired 123Compliance, a provider of complaint handling, quality management, regulatory reporting and document management systems for small and mid-sized pharmaceutical and medical device companies. No financial terms were disclosed.
HAMILTON, N.J. – January 20, 2016 – Sparta Systems, Inc., an industry pioneer and global leader in enterprise quality management software (EQMS) solutions, today announced the delivery of the Quality Business Network, aimed at connecting all participants in the quality ecosystem and delivering full transparency. As a key pillar of this new strategy, Sparta Systems acquired 123Compliance, a leading provider of cloud-based complaint handling, quality management, regulatory reporting and document management systems for small and mid-sized pharmaceutical and medical device companies.
The relationship between internal quality management processes, supply chains and customer experience has become increasingly complex. Stakeholders in the quality management value chain must connect, interact and integrate on previously unknown and unexpected levels. As such, small and large manufacturers alike are demanding solutions that can look beyond their four walls to integrate and connect systems, supply chain partners, customer feedback and quality management related processes and data, thereby creating more efficient and more powerful means of ensuring product quality and safety.
To answer this growing market need, Sparta has delivered the Quality Business Network aimed at connecting internal quality management processes to ecosystem partners and customer complaint information, delivering comprehensive visibility of issues from raw material through manufacturing to customer experience and back.
“Similar to the business networks established for the procurement and supply chain functions, we have now created the Quality Business Network,” said Eileen Martinson, CEO Sparta Systems. “With over 750,000 users in more than 30 countries, we are uniquely qualified to establish this game changing approach to connect participants in the quality ecosystem. This extended connectivity will enable our customers – the major Life Science, Consumer and Discrete manufacturers – to deliver safer products and identify and rectify quality issues sooner.”
123Compliance offers a cloud solution that is fully validated, 21 CFR Part 11 compliant and built on the Salesforce Platform. The acquisition of 123Compliance combines the first fully cloud enabled quality management offering with the proven domain expertise of Sparta Systems, delivering a complete platform based quality management solution for small and mid-sized organizations and a best in class complaint handling solution for larger enterprises.
“This acquisition is a great fit for 123Compliance and we are excited to be a key part of Sparta’s broader Quality Business Network strategy,” said Plarent Ymeri, CEO of 123Compliance. “Customers are demanding choice but also need best practice guidance, and now they will be able to leverage a leading cloud solution powered by Sparta’s domain expertise and global customer reach.”
Ms. Martinson added, “The acquisition of 123Compliance is a strategic addition to the Quality Business Network. The addition of a comprehensive complaint management solution for all size enterprises provides the direct connection to the consumer and patient feedback. Also, we now have a comprehensive cloud-based quality, document and training management solution for mid-sized organizations, critical participants on the network.”
123Compliance combined with Sparta’s industry leading TrackWise® and cloud-based Stratas Supplier Collaboration Suite connect internal quality management processes to ecosystem partners and customer complaint information. This distributed quality system interoperates via the Stratas Quality Network, a platform that allows for system integration and data sharing enabled by Sparta’s patent pending data standardization QDX message protocol. The resulting Quality Business Network redefines the quality management model by connecting all participants in the quality ecosystem and delivers unparalleled control and transparency to any size organization.
For more information, visit www.spartasystems.com.
About Sparta Systems
Sparta Systems, an industry pioneer and global leading provider of enterprise quality management software (EQMS) solutions, enables businesses to safely and efficiently deliver their products to market. Its TrackWise EQMS, a trusted standard among highly regulated industries, is used by quality, manufacturing and regulatory affairs professionals to manage compliance, reduce risk and improve safety across the global enterprise. Headquartered in Hamilton, N.J. and with locations across Europe and Asia, Sparta Systems maintains an extensive install base in the pharmaceutical and biotechnology, medical device, electronics manufacturing and consumer products markets. Sparta Systems is owned by Thoma Bravo, a leading private equity investment firm focused on application software, infrastructure software and technology-enabled services sectors. Read more about Sparta Systems and its award winning solutions on the corporate website www.spartasystems.com or blog blog.spartasystems.com.
Sparta Systems and TrackWise are trademarks or registered trademarks of Sparta Systems, Inc. All other marks are trademarks of their respective companies.
About 123Compliance Corporation
123Compliance Corporation is the world’s first fully cloud- and mobile-enabled enterprise quality management software company. It offers fully validated and 21 CFR Part 11-compliant applications that provide complaint handling, adverse event reporting, quality management, and device tracking built entirely on the Salesforce Platform.
For more information, visit www.123compliance.com