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Included in this transaction are BETA Post-trade Processing, Maxit, and Digital Investor.
Headlands Research is a clinical trial site.
Under the ownership of Francisco Partners, the new standalone company will be called Merative and be headquartered in Ann Arbor, Michigan.
CPF invests in value-based care companies, healthcare services, AI and tech-enabled services and senior living.
Edge was backed by Court Square Capital.
The investment has been made via the Averna Investco III fund.
Other investors in this deal include Australian Retirement Trust and a managed client of UBS Asset Management.
The seller was Wind River.
Elevation Labs will use the investment for growth and to make acquisitions.
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