11 JANUARY 2020 – San Francisco: Komodo Health today announced its acquisition of Mavens, a leader in cloud-based technology solutions. The acquisition brings together Komodo's Healthcare Map™ and software suite with enterprise applications from Mavens, creating the most advanced data-driven, enterprise platform for healthcare and life sciences. This deal will enable customers to more efficiently and seamlessly put life-saving therapies into the hands of patients who need them most. Deal terms were not disclosed.
"This acquisition disrupts the status quo, unlocking a fundamentally different opportunity for life sciences companies to gain access to differentiated insights through technology," said Arif Nathoo, MD, CEO and co-founder of Komodo Health. "Purchasing fragmented and costly data assets, custom solutions and expensive consulting projects will be a thing of the past as Komodo Health delivers a seamless, data-driven platform across R&D, Commercial, Medical Affairs and Patient workflows."
"Customers will benefit from our cloud-based enterprise platform that offers access to a suite of software solutions powered by our industry-leading Healthcare Map," added Web Sun, President and co-founder of Komodo Health. "This will revolutionize the value that healthcare and life sciences companies can now realize."
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"We are excited to join forces with Komodo Health to create a next-generation solution for the industry," said Prasad Kanumury (PK), founder and CEO of Mavens. "Together, we will transform the way life sciences companies support patients and providers, ultimately reducing the burden of disease across the globe. This raises the bar and changes the expectations of the entire healthcare ecosystem."
Together, Komodo and Mavens will expand their software capabilities, powered by insights from Komodo's Healthcare Map™ -- which tracks more than 320 million de-identified patient journeys. As the industry shifts toward a patient-centered data model, enterprise healthcare companies can end their reliance on legacy data aggregators. The acquisition will also accelerate Komodo's global expansion, as Mavens currently operates in the U.S., U.K. and India.
The acquisition of Mavens also comes on the heels of continued financial investment in Komodo Health, which raised $44 million in Series D funding led by ICONIQ Growth. Previous investors Andreessen Horowitz, Oak HC/FT, IA Ventures, Felicis Ventures, and McKesson Ventures all participated in the round. This funding will accelerate Komodo Health's ability to expand its Healthcare Map, platform, and solutions and further accelerate its mission to reduce the global burden of disease.