Global consulting firm Star acquires Pro4People, creating powerhouse in MedTech development and regulatory consulting
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.
Photo: https://mma.prnewswire.com/media/1572910/StarPhoto.jpg
Logo: https://mma.prnewswire.com/media/1572911/StarLogo_Logo.jpg
SOURCE: Star
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