PR90611

WROCLAW, Poland, July 13, 2021, /PRNewswire=KYODO JBN/--

Star, a global technology company connecting end-to-end strategy, design and

engineering services, announced its acquisition of Pro4People, a leading

software consultancy based in Wroclaw, Poland, specializing in regulated

MedTech and Digital Healthcare.

Founder and Chairman of Star Juha Christensen highlights how "this acquisition

further strengthens our market leadership position. We can now go even further

in advising our clients on structuring, designing and developing MedTech

solutions." Christensen continued: "With a CAGR of over 30% since its founding

in 2008, Star is becoming an increasingly attractive home for founders of

consulting businesses who want to double down and see their companies continue

to scale, their employees to keep growing and their assets to keep

appreciating."

The acquisition is the result of an in-house M&A engine that will deliver 7-10%

annual inorganic growth on top of the company's impressive organic growth. It

is focused on making targeted acquisitions within the industries of Health &

Wellness, Automotive & Mobility, FinTech and AdTech.

With this acquisition, Star has deepened its MedTech capabilities, expanding

its already extensive offering. In addition to their agility, digital

innovation focus and end-to-end delivery services, Star will now offer clients

world-class regulatory expertise, helping them identify the best route to

market for their MedTech products." The complex regulatory approval process is

a significant challenge for all companies looking to bring MedTech and Digital

Healthcare solutions to market. It is costly, time-consuming and complicated.

Ultimately, there's no one-size-fits-all approach. With Pro4People's regulated

Medtech, QMS and compliance expertise, Star will be able to navigate the best

route for our clients while bolstering our already world-class MedTech design

and delivery capabilities," elaborates Sergii Gorpynich, Chief Technology

Officer at Star.

Star's commitment to build increasingly deep industry expertise cements its

position as a superior partner for MedTech and Digital Healthcare businesses.

David Box, Managing Director of Health & Wellness at Star, emphasizes how "this

acquisition enables Star to create even stronger MedTech and Digital Healthcare

solutions that improve patient outcomes, reduce provider burden, lower costs

and boost population health. Moreover, it equips us to do more with the most

valuable asset in healthcare—data. We'll be able to help organizations better

collect, understand and use data to align their strategies and take the right

approach as global healthcare needs evolve."

For Star, cultural fit is a key parameter for assessing the viability of an

acquisition. In Pro4People, Star found a like-minded partner that will become

an integral component of their continuing growth story. Tomasz Puk, CEO at

Pro4People, described this synergy and the enthusiasm from his team in noting,

"We are thrilled about the opportunity to become part of Star. This is the

culmination of our hard work and investment into Pro4People's growth over the

years. Best of all, Star values our people and shares our vision of

transforming healthcare. By working together, we'll unlock more opportunities

and continue our founding mission much further than we could have ever

envisioned."

To learn more about Star and the groundbreaking projects they do, visit

www.star.global.

About Star

Star is a global technology company that connects strategy, design and

engineering services and helps companies to accelerate their product

innovation. They support their customers every step of the co-creation way —

from ideation and concept crafting to full-stack development and putting

solutions into the hands and minds of end-users.

Star works for businesses in a variety of industries, including Automotive &

Mobility, Health & Wellness, FinTech and others. Their customers include

Lufthansa, Zeiss, Panasonic, BMW, SAIC, NIO, Dolby, EGYM and One Concern.

About Pro4People

Pro4People is a leading software consultancy located in Wroclaw, Poland,

specializing in developing innovative MedTech products. They assist clients in

all phases of the software development lifecycle: research, development,

maintenance and delivery to create modern, global, compliant and connected

medical devices. Their products and technologies include web applications,

connected health solutions, cloud backend systems, SaMD platforms, mobile

applications and AI.

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SOURCE: Star