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08th July 2014

Hewitsons act for ProQuest in the acquisition of Pi2 Solutions

Hewitsons corporate team has recently acted for the Michingan-headquarted firm ProQuest in the acquisition of Hertfordshire based company Pi2 Solutions Ltd and its US subsidiary Pi2 Solutions LLC - an industry leader in product literature databases, workflow tools and related outsourcing services for global pharmaceutical companies.

The Hewitsons team, lead by David Browne, advised on and negotiated the share purchase agreement and the other documents in relation to the acquisition. The matter required input from a number of specialist teams across the firm, including the corporate team (partner David Browne and assistance Anne Sophie Reynolds), the commercial team (partner Kevin Fletcher), the property team (partner Patricia Kempson), the pensions team (senior solicitor Chris Nuttall) and the employment team (associate Lynne Adams).

Although Pi2 Solutions was acquired by an English subsidiary of ProQuest the main two contacts for ProQuest were based in the U.S and in different states and time zones, adding an extra challenge for Hewitsons to ensure that the service to the client was not affected.

ProQuest plans to align Pi2 with its ProQuest Dialog corporate information service to create an integrated solution for pharmacovigilance and expand ProQuest’s presence in the pharmaceutical industry. "Bringing together the market-leading tools of ProQuest Dialog and Pi2 creates a compelling new way to streamline the critical drug safety workflow of our pharmaceutical customers," said Tim Wahlberg, ProQuest senior vice-president and General Manager, ProQuest Dialog.

About ProQuest and Dialog

Dialog pioneered online searching in advance of the Internet. As the global leader in providing mission-critical information that drives innovation by professionals of all kinds including scientists, engineers, legal practitioners and business analysts, Dialog is renowned for enabling precision search of content from the world's most authoritative publishers. Sources include massive deep web repositories of scientific, technical and biomedical literature, patents, and thousands of industry, news and company information sources — now being made accessible through the powerful and intuitive ProQuest Dialog™ search service.

Professional searchers such as librarians, researchers and information users from corporate, professional and government organizations in more than 100 countries prize Dialog for depth of content, advanced searching and the ability to provide complete solutions.

About ProQuest (www.proquest.com)

ProQuest connects people with vetted, reliable information. Key to serious research, the company’s products are a gateway to the world’s knowledge including dissertations, governmental and cultural archives, news, historical collections and ebooks. ProQuest technologies serve users across the critical points in research, helping them discover, access, share, create and manage information.

The company’s cloud-based technologies offer flexible solutions for librarians, students and researchers through the ProQuest®, Bowker®, Dialog®, EBL®, ebrary® and Serials Solutions® businesses – and notable research tools such as the Summon® discovery service, Flow™, Pivot™ and the Intota™ library services platform. The company is headquartered in Ann Arbor, Michigan, with offices around the world.

For more information on Hewitsons’ Corporate services click here.

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