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Riverside sells clinical trial finance software provider Greenphire to Thoma Bravo as Covid underscores sector s importance

3 Thoma Bravo has agreed to buy clinical trial financial lifecycle management software provider Greenphire from fellow private equity house The Riverside Company. Riverside bought Greenphire in 2015. The company aims to help the pharmaceutical industry run more efficient and successful clinical trials. Greenphire looks to streamline payment and logistical workflows, with clients including the majority of the top 30 pharmaceutical companies and top 10 CROs. Thoma Bravo partner Hudson Smith said, “The Covid-19 pandemic has underscored the importance of clinical trial technology solutions which enable greater research site effectiveness and better participant support. “Greenphire is well-positioned to expand its client base and continue to execute on its growth strategy.”

Germany s Bike24 plans to float in Frankfurt - sources

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