Arsenal Portfolio Co. Buys Health Care Software Developer

Law360, New York (January 8, 2013, 1:17 PM EST) -- A portfolio company of New York middle-market private equity firm Arsenal Capital Partners Inc. has acquired Massachusetts health care software developer Research Dataware LLC, Arsenal said Tuesday.

Arsenal acquired Research Dataware as an addition to The WIRB-Copernicus Group, a clinical research services company formed by the combination of two firms acquired by Arsenal in 2012. Research Dataware is best known for its IRBNet software, a research compliance tool for institutions that conduct clinical research.

IRBNet has more than 90,000 users in 1,700 hospitals, research facilities, defense...
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