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3 PE firms exit Cunesoft

Phlexglobal Inc. bought Munich-based Cunesoft GmbH, which provides cloud-based intelligent regulatory data management software and services for the life-sciences market.

The selling Cunesoft shareholders include investors such as Bayern Kapital GmbH, High-Tech Gründerfonds and Occident Group AG.

Phlexglobal, which specializes in trial master file software and expert services, is backed by London-based private equity firm Vitruvian Partners LLP.