Imperial spin-out Inforsense acquired in cash deal

Acquisition

ID Business Solutions Ltd (IDBS) has agreed to acquire business intelligence specialist InforSense Ltd in an all-cash transaction.

InforSense provides specialist software that enables public and private sector R&D organisations to capture, integrate and interpret their data. The software is designed to handle the explosion in both the volume and diversity of data available to scientists, the global scale of modern R&D activities and the requirement for data to be accessed and searched in context, using rapid data integration technologies and web-based interactive analytics.

IDBS says this complements its data management solutions, and the acquisition of InforSense will enable it to supply seamless systems for the capture, integration and decision-making infrastructure of R&D organisations.

InforSense was founded in 1999 to develop and commercialise technology in the fields of high performance computing and large-scale data mining developed at Imperial College. The company’s founder, Professor Yike Guo, will take up the role of Chief Innovation Officer at IDBS.

Neil Kipling, CEO and founder of IDBS, said the company aims to provide complete data infrastructures for R&D organisations in commercial and academic endeavour. “Our existing domain expertise and twenty-year track record is enhanced by the acquisition of InforSense.”

This is a major enabling step towards becoming the number one informatics partner of R&D worldwide, Kipling said, adding “An additional facet of this acquisition is the opportunity to cement a strategic informatics research relationship with Imperial College.”