Civica Acquires Master Data Management Vendor VisionWare to Deliver "Single View" of the Customer
Bowen Advisors Serves as Strategic Advisor to VisionWare
BOSTON, May 30, 2018 – Bowen Advisors is pleased to announce that VisionWare Ltd., a leading provider of enterprise master data management (MDM) software solutions, has been acquired by Civica Group Limited, a portfolio company of the private equity division of Partners Group, a Swiss-based, global private markets investment manager. Civica is an international market leader in providing business-critical software applications, digital solutions and managed services to customers in the government, healthcare, education and other regulated private market sectors. With a team led by Bob Cronin and HCIT practice leader Bob Fleming, Bowen Advisors acted as exclusive sellside M&A advisor to VisionWare in this transaction.
VisionWare has developed a highly configurable MDM platform that provides best-of-breed customer data management functionality. The Company’s solutions allow entities to consistently manage, improve and enhance data as it flows through their organizations to ensure that they have a single, trusted, 360° view of their customers anywhere, any time and on any device. In production at a growing number of sites across North America and the UK, VisionWare’s suite of products meets the diverse customer data management needs of organizations operating in the healthcare, public sector and insurance verticals. By adding VisionWare’s advanced technology to its leading family of business-critical software and services and rapidly expanding Digital division, Civica has created a powerful new offering positioned to help organizations achieve better business outcomes through digital technology and automation. According to Wayne Story, Civica Group CEO, “The companies together now have a stronger capability to help customers extract maximum business value from their data …and to capitalize on key opportunities from digital engagement to machine learning.”
“An explosion in information generated by voice of the customer apps, social networks, cloud applications and data lakes is rapidly increasing the volume and complexity of customer data streams. VisionWare has developed enabling technology that allows organizations to use trusted customer data to increase revenue via improved customer intelligence, reduce operational costs, enhance regulatory compliance and automate complex business processes,” said Bob Cronin, Managing Director and head of Bowen Advisors’ Enterprise Information Management (EIM) practice. The transaction adds to the firm’s growing track record in the EIM industry, which includes software companies operating in the business intelligence, MDM, content management, data integration, Big Data and advanced analytics sectors.
“Consolidating patient records across multiple systems into an accurate Enterprise Master Patient Index (EMPI) is critical for healthcare providers to meet regulatory and analytical requirements. Creation of an EMPI is a major application of VisionWare’s MDM platform,” added Bob Fleming. “For Bowen Advisors, this transaction demonstrates our ability to leverage deep market knowledge across multiple sectors to drive a successful outcome for our client.”
Click here for Civica’s press release.