Medidata Solutions has agreed to acquire cloud-based content management and collaboration system CHITA and its parent holding company in an all-cash deal.
In addition to the cash initial purchase price, the agreement includes earnout payments depending on the performance of the business. The transaction is expected to close during February.
CHITA is built on Box Platform, a suite of enterprise-grade content management and collaboration application program interface from Box, an enterprise content platform. CHITA allows users to create, store and jointly work on both regulated and nonregulated content in a single application.
In addition, Medidata will partner with Box to develop a suite of products for regulated document management built on Box Platform, including electronic trial master file and standard operating procedure software solutions. The products will be integrated into the Medidata Clinical Cloud platform, allowing life sciences organizations to view and access clinical operations data in one system.