Friday, June 2, 2017
Simulations Plus Completes DILIsym Services Buy
Lancaster, California-based Simulations Plus, which develops simulation and modeling software, said Thursday that it has completed its acquisition of North Carolina-based DILIsym Services. The deal was worth $10M in cash, with an initial $5M payment and another $5M in earnout. DILIsym develops software for the simulation of drug-induced liver injury. Simulations Plus said DILIsym had revenues of just over $3M in 2016. Simulations Plus was advised by Excel Partners, as well as Procopio, Cory, Hargreaves & Savitch LLP, in the transaction.