ENGINEERING TECH

ValGenesis Acquires 4Tune Engineering, Extends Product Portfolio with Best-in-Class Risk Management and Verification Software Platforms

ValGenesis | June 16, 2022

Engineering
ValGenesis, Inc., the market leader in enterprise Validation Lifecycle Management Systems (VLMS), has acquired Portugal-based 4Tune Engineering (4TE), a leader in manufacturing sciences and technologies (MS&T) that enable the world's most successful life sciences companies to model their risk management programs and improve process performance across the entire GMP lifecycle.

The acquisition was initiated when ValGenesis leadership saw the strategic product synergy for customers requiring a complete and more integrated platform across the validation lifecycle focusing on Pharma 4.0. The acquisition was completed on June 6th, 2022.

A pioneer of 100% paperless validation technology with 30 of the top 50 global life sciences companies using ValGenesis VLMS as the system of record for their validation programs, ValGenesis has steadily expanded its product vision beyond core validation into a holistic manufacturing intelligence platform. The acquisition of 4TE accelerates that vision. 4TE's advanced risk management platform (iRISK Platform®), used by 10 of the top 30 global life science companies, enables comprehensive risk management in the product lifecycle. In addition, 4TE's continuous process verification software system (iSEE Platform™) enables real-time Stage 3 monitoring for process validation and supports Annual Product Quality Reviews (APQR). ValGenesis Validation Lifecycle Management System (VLMS) remains the industry standard for Stage 2 validation.

The acquisition also provides ValGenesis a boosted presence in the European and LATAM markets and access to a driven, talented team. The Lisbon office of 4TE will continue to orchestrate the development and go-to-market plans of iRisk and iSee with bolstering support from ValGenesis.

The future never looked brighter for ValGenesis and 4TE employees, partners, customers, and the entire life sciences industry. This acquisition advances our Validation 4.0 strategy. 4TE's product quality, individual talent, and passion for customers perfectly match ValGenesis' corporate culture. We look forward to Prof. Dr. José Menezes and 4TE's talented team joining ValGenesis, further cultivating a shared culture of innovation and driving even greater value for our customers. As Pharma 4.0 becomes a reality, we continue to expand our product roadmap beyond core validation, driven by strong business values and commitment to the life sciences."

Dr. Siva Samy, CEO of ValGenesis

The complementary functionality of their respective products ensures minimal product overlap. This presents minimal disruption and maximum upside for ValGenesis and 4TE customers. The combined offering is the most complete "validation lifecycle" platform on the market delivered by a single vendor. With a unified development team, a more robust roadmap, and an expanded services portfolio, ValGenesis is achieving its vision of becoming the de facto Validation 4.0 standard to lead life sciences companies in their journey toward Pharma 4.0.

Prof. Dr. José C. Menezes, Chairman, and founder of 4Tune Engineering said, "We are excited to join ValGenesis. We share a similar vision about the challenges and solutions required by pharma, biopharma, and the new advanced medicinal therapeutic products, in terms of accelerated development and robust science- and risk-based approaches to better serve patients. Our integration into ValGenesis will provide our worldwide customers access to automated, systematic, and user-friendly tools for risk and validation lifecycle management programs to improve mission-critical business processes in the life science companies. Our unified company will also accelerate the development and innovation of future-ready solutions targeting advanced product portfolio management."

About ValGenesis
ValGenesis, Inc. is the creator of an innovative software platform that serves as a foundation for managing compliance-based validation activities in life science companies. ValGenesis is the provider of the first enterprise application that manages the corporate validation lifecycle process. This solution is fully compliant with U.S. FDA 21 CFR Part 11 and Annex 11 requirements. As the first fully paperless solution for electronic management of validation execution and approval, ValGenesis was selected by an industry peer review committee to receive the Parenteral Drug Association (PDA) New Innovative Technology Award in 2005.

Spotlight

This white paper provides a vision of how robots will develop, increasingly interact with their environment and, through the adoption of new technologies, collaborate, cooperate and evolve.

Spotlight

This white paper provides a vision of how robots will develop, increasingly interact with their environment and, through the adoption of new technologies, collaborate, cooperate and evolve.

Related News

PRODUCTS,MATERIALS,CONSTRUCTION

Clayton, Dubilier & Rice Completes Acquisition of Cornerstone Building Brands

Cornerstone Building Brands | July 28, 2022

Cornerstone Building Brands, Inc. (“Cornerstone Building Brands” or the “Company”), the largest manufacturer of exterior building products in North America, today announced that Clayton, Dubilier & Rice (“CD&R”) has successfully completed the acquisition of Cornerstone Building Brands. Holders of a majority of the shares of Cornerstone Building Brands common stock not owned by CD&R and its affiliates voted to approve the acquisition at the Special Meeting of Stockholders held on June 24, 2022. The acquisition also received the approval of the holders of a majority of the shares of Cornerstone Building Brands common stock outstanding at the Special Meeting. With the completion of the acquisition, Cornerstone Building Brands’ common stock has ceased trading and will no longer be listed on the New York Stock Exchange. “The closing of this transaction is an important milestone for Cornerstone Building Brands, and we are pleased to be entering our next phase of growth as a private company, With CD&R’s operational and strategic support, Cornerstone Building Brands will be even better positioned to accelerate our future growth plans and advance our journey to be the premier exterior building solutions company and deliver enhanced value to our customers. I want to thank all Cornerstone Building Brands employees for their continued dedication and hard work. This transaction is a testament to our team’s unwavering commitment to our customers and focus on executing our strategy. I am excited about the opportunities ahead for Cornerstone Building Brands, and I look forward to continuing our work together as we drive value for all stakeholders.” -Jeffrey S. Lee, Executive Vice President and Chief Financial Officer of Cornerstone Building Brands. J.L. Zrebiec, Partner at CD&R, said, We have long admired Cornerstone Building Brands’ business and talented team, and we are thrilled to work even more closely with its leadership team and employees in this next chapter. We firmly believe that the Company is uniquely positioned to expand on its position as the largest manufacturer of exterior building products in North America, and we look forward to working together to build on the significant momentum underway. Centerview Partners LLC is serving as financial advisor and Wachtell, Lipton, Rosen & Katz is serving as legal advisor to a special committee of Cornerstone Building Brands’ independent directors. Sullivan & Cromwell LLP is serving as legal counsel to Cornerstone Building Brands. UBS, Barclays, BNP Paribas Securities Corp., Goldman Sachs, Jefferies, Natixis, New York Branch, RBC Capital Markets, and Societe Generale are providing financial advisory services to CD&R. Kirkland & Ellis LLP is serving as legal counsel to CD&R on the transaction and Debevoise & Plimpton LLP is serving as legal counsel to CD&R on the financing. CD&R has obtained committed financing from Deutsche Bank Securities Inc., UBS Investment Bank, Barclays, BNP Paribas, RBC Capital Markets, Societe Generale, Goldman Sachs, Natixis, New York Branch, Jefferies, Apollo, Blackstone Credit, and U.S. Bank. About Cornerstone Building Brands, Inc: Cornerstone Building Brands is the largest manufacturer of exterior building products by sales for residential and low-rise non-residential buildings in North America. Headquartered in Cary, N.C., we serve residential and commercial customers across the new construction and repair and remodel markets. Our market-leading portfolio of products spans vinyl windows, vinyl siding, stone veneer, metal roofing, metal wall systems and metal accessories. Cornerstone Building Brands’ broad, multichannel distribution platform and expansive national footprint includes more than 20,000 employees at manufacturing, distribution and office locations throughout North America. Corporate stewardship and environmental, social and governance (ESG) responsibility are embedded in our culture. We are committed to contributing positively to the communities where we live, work and play. About Clayton, Dubilier & Rice: Clayton, Dubilier & Rice is a private investment firm with a strategy predicated on building stronger, more profitable businesses. Since its inception, CD&R has managed the investment of more than $40 billion in over 100 companies with an aggregate transaction value of over $175 billion.

Read More

CONSTRUCTION

Billd Announces Partnership with ConstructConnect to Significantly Strengthen Bid Strategies for Trade Contractors

ConstructConnect | June 29, 2022

Billd, the leading provider of material financing and pay app advancement for commercial trade contractors, today announced a partnership with ConstructConnect, a portfolio of software and services that combines a builders network, robust project data, and takeoff tools for construction professionals. This partnership will enable subcontractors using ConstructConnect to more easily secure approval on financing for projects. Combined, these services increase bid confidence and competitiveness, allowing trade contractors to take on more projects and grow their businesses. With this partnership, Billd's premier financing offerings are now readily available to trade contractors as they assess and bid on new projects. This allows trade contractors to plan their financial strategy for each project, reducing the risk of negative cash flow, which can be disruptive once a project reaches execution. By providing access to upfront cash solutions for materials, approved ConstructConnect customers will be able to lock in crucial materials as soon as projects are won, mitigating financial risk from unpredictable market fluctuations in cost and project delays from increased lead times. "Subcontractors have long struggled to gain access to working capital to maintain and grow business through traditional financial institutions, Our partnership with Billd informs subcontractors about the opportunity to secure material and labor payment financing while they wait for payment on work already completed. This should better position companies that require access to working capital to succeed and grow their businesses." -Jon Kost, Chief Strategy Officer of ConstructConnect. Billd has taken major strides in the construction industry to provide financing terms that align with payment cycles. Trade contractors and suppliers are typically the last to get paid, waiting on average over 83 days. A recent US market report from Billd that surveyed nearly 800 contractors found that 66% of contractors pay for materials and 82% pay for labor before receiving payment for their work. Billd works to help alleviate this financial burden through cash flow solutions that allow trade contractors to take on and execute more projects. "The lack of access to finance resources has shortchanged trade contractors for decades, causing limitations on their ability to maintain healthy cash flow, We're thrilled to bring financial options to more contractors through ConstructConnect's pre-construction portfolio. Together we will increase bidding confidence and support execution." -Chris Doyle, CEO of Billd. About Billd- Billd was started by Christopher Doyle and Jesse Weissburg, industry veterans in both construction and finance. Chris and Jesse were inspired to launch Billd to bring the financial power of Wall Street to the construction jobsite, allowing contractors to bypass project hurdles with access to upfront funds while enabling suppliers to sell more materials with less risk. For contractors who usually aren't paid until more than 83 days from purchasing materials, Billd provides 120-day terms so they can stabilize cash flow and more effectively grow their businesses. With a deep understanding of the construction industry, Billd knows traditional credit metrics are poor predictors for risk in this vertical segment and has built a variety of industry-specific proprietary analytic tools to better assess risk in the construction industry. About ConstructConnect- ConstructConnect is a leading provider of commercial construction information and technology solutions and is committed to transforming the way the construction industry does business by providing its customers the tools, information, and connections needed to drive their success.

Read More

MATERIALS,CONSTRUCTION

Holcim US Increases Aggregate Capabilities with Latest Acquisition

Holcim | August 10, 2022

Holcim US announced today it has acquired the sand and gravel operation of Basic Construction Company, LLC, in New Kent County, Virginia. The transaction will add significant, strategically located, aggregate reserves for Holcim's Mid-Atlantic Region along with 230 acres of land. The acquisition advances Holcim US' goal to fuel growth through bolt-on acquisitions in mature markets in the aggregates business. For more than 100 years the Basic Construction Company has worked in Eastern Virginia with a history of responsible operations and strong community roots. "We're excited to add this 230-acre strategic reserve, which will support our continued expansion in the Virginia market and begin a strong community engagement in New Kent County." -Cedric Barthelemy, Head of the Mid-Atlantic Region, Holcim US. The operations will be managed by Cedric Barthelemy, Head of Mid-Atlantic Region; Donnie Bostic, Area Manager, Southern Virginia; and Corey Johnson, General Manager, Mid-Atlantic Region. About Holcim: Holcim builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Holcim is becoming a net zero company, with its people and communities at the heart of its success. The company is driving circular construction as a world leader in recycling to build more with less. Holcim is the company behind some of the world's most trusted brands in the building sector including ACC, Aggregate Industries, Ambuja Cement, Disensa, Firestone Building Products, Geocycle, Holcim, Lafarge and Malarkey Roofing Products. Holcim is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.

Read More