Archives

Home / Cube Posts

J. Knipper and Company, Inc. and Court Square Capital Partners Announce Recapitalization of Privately Held Company

One of the Largest U.S. Suppliers of Pharmaceutical Samples Management Services, Combined with Its Rapidly Growing Specialty Pharmacy and Third-Party Logistics Business is Poised for Continued Growth with Private Equity Capital and Retention of Knipper Leadership Team

Court Square Appoints Michael Laferrera as New Chief Executive Officer of Knipper; Elevates Frank McNicholas to Chief Operating Officer, in Addition to His Chief Financial Officer Role

LAKEWOOD, N.J. – October 2, 2019 − J. Knipper and Company, Inc. (the “Company”), one of the largest suppliers of end-to-end pharmaceutical samples management services in the U.S., and Court Square Capital Partners (“Court Square”), a middle market private equity firm, today announced a recapitalization of the Company and its affiliate KnippeRx, an independent specialty pharmacy. The Knipper family is selling its majority shares after 33 years of ownership, and will remain as a minority owner of the Company.

Court Square brings one of the most experienced investment teams in the industry, having completed more than 230 platform investments over a 40-year history, including several leading healthcare businesses such as AmeriSourceBergen (formerly Alco Health Services), Harvard Drug Group, National Distribution & Contracting, and others.

“This recapitalization is a significant milestone for our Company, customers, employees and colleagues,” said James Knipper, founder, owner and outgoing CEO of J. Knipper and Company, Inc. “From the Company’s humble beginning 33 years ago, our mission has been to deliver exceptional client service, improve patients’ lives, and to be a great place for our employees to work. In partnership with Court Square, J. Knipper and Company and KnippeRx are well-positioned to continue its mission and realize accelerated growth.”

As a result of the recapitalization, Court Square appointed Michael Laferrera as the new Chief Executive Officer and Frank McNicholas as Chief Operating Officer in addition to his Chief Financial Officer responsibilities. In his 11-year tenure at J. Knipper and Company, Inc., Laferrera served the last 7 years as President and Chief Operating Officer for the Company, and McNicholas has been a member of the Company’s leadership team for nearly 10 years as Chief Financial Officer. No other changes to the leadership team or Company were made as a result of the recapitalization.

“Working closely with Jim and the leadership team over these past 11 years, I’ve come to know our customers and employees, and have tremendous respect for the foundation and rich heritage that is unique to Knipper,” said Michael Laferrera, CEO of J. Knipper and Company. “Today marks a new chapter in the Company’s dedication to being the nation’s most complete provider of integrated therapeutic services and solutions across the spectrum of patient care – from initiation to continuation of therapy – for manufacturers, patients, providers and payers.”

The recapitalization of J. Knipper and Company and KnippeRx is designed to accelerate growth, enhance competitive positioning within the marketplace, and ensure the Company will continue to have a strong leadership team. The leadership team is focused on continuing to deliver excellent customer service to help improve patients’ lives and maintaining a strong culture and workplace for its employees.

Edgemont Capital Partners served as the exclusive financial advisor to J. Knipper and Company, Inc. in its transaction with Court Square Capital Partners.

About J. Knipper and Company, Inc.
J. Knipper and Company, Inc., one of the largest suppliers of end-to-end pharmaceutical samples management services in the U.S. has been purpose-built on a strong foundation of more than 30 years of healthcare service and excellence. The Company has locations throughout New Jersey and Indiana. For more information on J. Knipper and Company, please visit www.knipper.com.

About KnippeRx Inc.
KnippeRx is a highly nimble, independent specialty pharmacy that was purpose-built to overcome the complex barriers to access, providing the shortest possible path from initiation of script to delivery of essential therapy. As a patient-centric focused pharmacy, KnippeRx provides personalized patient assistance that includes PAP and starter dispensing of specialty therapies, high-touch biologics, and other products requiring temperature control. Our clear concentration enables us to provide exceptional services to manufacturers, patients, providers, and payers—in a manner never before offered in the specialty care environment.

KnippeRx uniquely addresses the industry’s expressed need for increased speed to therapy and improved patient outcomes. We call it CARE. AT THE SPEED OF NEED. For more information, visit www.knipperx.com.

About Court Square Capital Partners
Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed over 230 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general
industrial, healthcare, and technology and telecommunications sectors. The firm has $6.6 billion of assets under management and is based in New York, N.Y. For more information on Court Square, please visit www.courtsquare.com.

Source: Knipper

Getaroom Sold to Private Equity Firm Court Square Capital Partners

The co-founders of Getaroom have sold a majority stake in the business-to-business hotel and vacation rental provider to private equity firm Court Square Capital Partners, whose other holdings include car rental company Auto Europe.

Getaroom President Bob Diener told Skift Tuesday that he and his business partner for the past 35 years, Getaroom CEO Dave Litman, still maintain a substantial minority stake in Getaroom, and sold the larger stake to help the company reach the next level, including accelerating international expansion.

Diener and Litman, former college roommates, co-founded Hotels.com in 1991, and sold a majority stake in that company in 1999 to USA Networks. Diener said he and Litman retain more of a stake in Getaroom after the Court Square deal than they did after initially selling Hotels.com to USA Networks.

Getaroom and New York-based Court Square did not disclose additional terms of the deal. With 300-500 employees, one company-owned call center, and four additional calls centers, Getaroom will do more than $1 billion in gross sales in 2018, Diener said.

He added that Getaroom has been self-funded until now, and has been profitable for the past five or six years.

Dallas-based Getaroom launched in 2009 as a hotel-booking site for consumers, but soon thereafter pivoted into a business-to-business provider of hotels — and lately vacation rentals, too — to affiliates, including online travel agencies, metasearch sites, airlines, destination sites, and membership clubs, for example.

Under the Getaroom business model, it contracts with hotels for published rates, unpublished rates sold through its call centers, and member-only rates for people who belong to membership clubs.

“Nothing has changed in the day-to-day but we now have a faster growth trajectory and we have more resources,” said Diener of the Court Square sale. He said there will be no layoffs, and the Getaroom name stays the same.

Court Square, which specializes in midsize companies, has plenty of travel and international experience, he said. In addition to owning Munich, Germany-based car rental firm Auto Europe, it previously was an owner of global distribution system Worldspan under Court Square’s prior name, Citigroup Venture Capital Equity Partners.

“Our door was banged and knocked on a lot in the last couple of years,” Diener said, but opted to sell now so it could transition to “the next level” because of Court Square’s tech resources, financial stature, and international experience.

Diener said the company offers some 200,000 hotels, and about `10,000 professionally managed vacation rentals. In addition to English, Getaroom has sites in Spanish and German.

The Getaroom-Court Square deal closed August 23, but hasn’t been reported until now.

Houlihan Lokey served as a financial advisor to Getaroom, and Lidji Dorey & Hooper offered legal advice. Dechert LLP served as legal advisor to Court Square.

Source: Skift, Dennis Schaal

Momentum Telecom To Receive Majority Investment From Court Square Capital

Momentum to Continue to Drive Growth and Enable Customers to Thrive

BIRMINGHAM, Ala. – March 12, 2018— Momentum Telecom, one of the premier providers of Business Voice, Broadband Management and Unified Communications solutions today announced that it has entered into a definitive agreement through which Court Square Capital Partners, along with substantial participation by the company’s senior management team, will lead an equity investment that will result in the purchase of a majority interest in Momentum Telecom. Terms of the transaction were not disclosed.

Momentum Telecom will utilize the investment to further accelerate its already tremendous growth in the cloud communications space through acquisitions, new product offerings and investments in internal teams.

“Momentum Telecom is proud that our past success has attracted elite investors such as Court Square Capital Partners,” said Momentum’s CEO, Bill Fox. “Our goal has been and continues to be to enable our customers to thrive and this partnership allows us to do that in a more substantial way than ever before.”

The transaction is expected to close in Q3 following regulatory approval. The Bank Street Group LLC served as Momentum’s exclusive financial advisor in connection with this transaction. Bradley Arant Boult Cummings LLP served as legal counsel to Momentum in connection with this transaction. SunTrust Robinson Humphrey served as financial advisor to Court Square in connection with this transaction. Dechert LLP served as legal counsel to Court Square in connection with this transaction.

For more information about Momentum Telecom visit momentumtelecom.com or call 877-251-5554.

ABOUT MOMENTUM
Momentum Telecom is one of the premier providers of Business Voice, BBX Broadband Management and Unified Communications solutions. Momentum’s solutions offer smart, customizable cloud-based applications including voice, video and collaboration tools that enhance business productivity and efficiency for direct customers and more than 500 nationwide white label and channel partners. Momentum Telecom is committed to delivering reliable and innovative products backed by a geo-redundant network paired with industry-leading uptime and customer service. Headquartered in Birmingham, AL, Momentum Telecom has regional offices actively serving customers across the United States. To learn more visit momentumtelecom.com or connect with us on Facebook, Twitter, LinkedIn or visit our blog. At Momentum Telecom, our mission is to enable others to thrive by combining smarter technology with seasoned experts while delivering unmatched customer experience.

ABOUT COURT SQUARE
Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed 220 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general industrial, healthcare, and technology and telecommunications sectors. The firm has $4.2 billion of assets under management and is based in New York, N.Y.

Source: Momentum Telecom

Virtium Secures Investment by Court Square Capital Partners

Major Financial Sponsor Invests in Leading Industrial Solid-State Storage and IoT Solutions Provider to Support Continued Growth and Customer Demand

May 16, 2019 08:00 AM Eastern Daylight Time

RANCHO SANTA MARGARITA, Calif. –Virtium, a leading provider of solid-state drive (SSD) and memory solutions for the Industrial Internet of Things (IIoT) market, today announced it has secured an investment from Court Square Capital Partners (“Court Square”). Court Square and Virtium will partner to drive design innovations and develop next-generation SSDs and other semiconductor modules to address multiple markets’ growing demand for secure data storage in the 4G/5G mobile infrastructure
Court Square brings one of the most experienced investment teams in the industry, having completed over 225 investments, including leading technology firms such as Fairchild, Intersil, AMI Semiconductor and others. Over a 40-year history, Court Square has successfully navigated through numerous economic, industry and financial cycles, completed multiple landmark transactions, and developed numerous businesses into market leaders.

“Partnering with Court Square is strategic for Virtium to enter our next phase of growth,” said Phu Hoang, co-founder, CEO, and Board member of Virtium. “Our customers worldwide will be pleased with the investments made to continue our innovations to support their growing demands for high-reliability memory and SSDs. We would like to thank our exiting partner, L Squared Capital, who has been instrumental in providing guidance and support over the past four years for us to be able to drive innovations and assemble a world-class management team and board members.”

“Virtium has a strong history of founder-led growth supported by a world-class management team,” said Joseph Silvestri, Managing Partner at Court Square. “Court Square has deep domain expertise in the semiconductor space. We are excited to combine our experience and resources with the excellent operators at Virtium to position the company for continued success.”

“Virtium’s innovation and strong execution over the past few years has led to more than doubling of revenue and its management team has proven to be able to drive continued organic growth,” said Steve Litchfield, a Virtium Board member. “Virtium is in a strong position to acquire companies in a similar space. It is the company to watch over the next couple years.”

About Virtium
Serving the world’s top industrial embedded OEM customers for more than two decades, Virtium designs, builds and supports solid-state-storage, memory and semiconductor modules in the USA. It provides a dedicated software team for custom storage solutions – all fortified by a network of global locations. The company’s intelligent industrial embedded solutions provide the robust performance, reliability and functionality needed in the most demanding applications. For more information on Virtium, please visit www.virtium.com.

About Court Square Capital Partners
Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed over 225 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general industrial, healthcare, and technology and telecommunications sectors. The firm has $6.2 billion of assets under management and is based in New York, N.Y. For more information on Court Square, please visit www.courtsquare.com.

Source: Virtium

Integrated Prescription Management Receives Growth Investment

Fresno, CA – August 20, 2018 – Integrated Prescription Management (“IPM” or the “Company”) announced it has received a growth investment from Court Square Capital Partners (“Court Square”), a leading middle market private equity firm. IPM is a full-service pharmacy benefit manager (“PBM”), exclusively focused on middle market commercial clients throughout the United States.

“This is a significant milestone for our Company,” said W. Troy Collins, founder and CEO of IPM. “Our mission is to improve the lives and health outcomes for our members and clients, and with the support of Court Square we will be able to accelerate our investments in capabilities, services, and infrastructure to better serve our community of members.”

IPM has been recognized eight times on the Inc. 5000 fastest growing private company list and has grown its national presence through offices in California, Texas, and Georgia. The Company is one of the few independent, national PBMs that can service clients of all sizes, including self-insured employers, TPAs, government entities, and health plans. The executive team of IPM will continue to lead the Company.

Integrated Prescription Management was advised by Covington Associates LLC and by Foley Hoag LLP.

About Integrated Prescription Management
Founded in 2009 and based in Fresno, CA, Integrated Prescription Management is a full-service pharmacy benefit manager committed to acting as a catalyst of healthy outcomes for its members and the community through collaboration, data integration, and investment in progressive healthcare solutions. IPM is committed to providing members and clients with the tools they need to create positive change and a lifetime of healthy habits, through treatment adherence initiatives, finding affordable long term medication options, and encouraging members to become advocates for their own health. Learn more at www.rxipm.com.

Source: Company.

Court Square & HGGC to Merge Market Research Leaders Research Now & SSI

PALO ALTO AND NEW YORK; October 12, 2017—HGGC and Court Square Capital (“Court Square”) today announced the signing of a definitive agreement to merge Court Square-owned Research Now, a global leader in market research data with Survey Sampling International (“SSI”), an HGGC-owned provider of data solutions and technology for consumer and business-to-business research. The combined company will continue to be owned by HGGC and Court Square with management having a significant stake in the business. Terms of the private transaction were not disclosed.

The combined capabilities of Research Now and SSI–including first-party data, technology platforms, and partnerships with major brands, publishers and ad tech providers–will position the integrated organization to expand the core business and compete in new markets such as audience activation, analytics, path to purchase and measurement.

Based in Shelton, Connecticut, and founded in 1977, SSI is a leading provider of data solutions and technology for consumer and business-to-business survey research. SSI reaches participants in 90 plus sample countries via internet, telephone, mobile/wireless, and mixed-access offerings. SSI staff operates from 40 offices and serves more than 3,500 customers worldwide. Since HGGC acquired SSI in 2014, the company has grown core revenue by more than 40 percent, significantly expanded its B2B business segment, and completed a number of strategic acquisitions to drive growth.

Research Now is a global leader in digital research data for better insights and business decisions. Founded in 1999, and headquartered in Plano, Texas, the company is a pioneer in originating online data sampling and created the first B2B panel. Research Now provides research data solutions that enable better decisions and better results for its 3,000 market research, consulting, media, and corporate clients through access to over 11 million deeply-profiled business professionals and consumers in more than 40 countries. Research Now has locations across the Americas, Europe, the Middle East, and Asia-Pacific. Court Square acquired Research Now in 2015.

“Together, we can advance the state-of-the-art in automated research, delivery and solutions as well as in research-enriched data integration to give our customers increased competitive advantage,” said Gary Laben, CEO of Research Now.

“The combination will also enable accelerated investments in the development of new markets and data solutions that should ultimately help our customers grow their businesses more successfully,” said Chris Fanning, president and CEO of SSI.

“Under our ownership, SSI has extended its reach and product capabilities tremendously, including expanding by 4x its revenues derived from strategic B2B services to clients,” said Steve Young, Co-Founder and Managing Director of HGGC. “This merger is a natural next step to create an organization that can meet the growing demands of global customers of all sizes.”

“The Research Now management team has done an excellent job of positioning the company for the next phase of growth,” said John Civantos, Managing Partner at Court Square. “We look forward to partnering with HGGC and working towards a successful merger of two great companies.”

The transaction is expected to close by the end of the year, and remains subject to the receipt of required regulatory approvals and the satisfaction of other customary closing conditions.

Goldman Sachs & Co. LLC and Morgan, Lewis & Bockius served as advisors to Court Square on the merger and Harris Williams & Co. and Kirkland & Ellis advised HGGC.

About Court Square

Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed over 215 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general industrial, healthcare, and technology and telecommunications sectors. The firm has $4.4 billion of assets under management and is based in New York, N.Y.

About HGGC

HGGC is a leading middle-market private equity firm with $4.3 billion in cumulative capital commitments. Based in Palo Alto, Calif., HGGC is distinguished by its “Advantaged Investing” model that enables the firm to source and acquire scalable businesses at attractive multiples through partnerships with management teams, founders and sponsors who reinvest alongside HGGC, creating a strong alignment of interests. Over its history, HGGC has completed more than 75 platform investments, add-on acquisitions, recapitalizations and liquidity events with an aggregate transaction value of more than $16 billion.

Court Square to Invest in Terra Millennium

October 14, 2016 – WSJ Pro Private Equity – Court Square Capital Partners said it agreed to invest in industrial services business Terra Millennium Corp.

Court Square said the investment, the terms of which weren’t disclosed, will allow Terra Millennium “to accelerate key growth opportunities,” according to a news release.

Terra Millennium provides services to the power-generation, refining, petrochemical, mining, solar, mineral processing and steel industries in the U.S. and Canada. Founded in 1987, the Richmond, Calif., company employs more than 1,800 people. Wells Fargo Securities advised Terra Millennium on the transaction.

Court Square, which was spun out from Citigroup Inc. in 2006, manages more than $5 billion in capital commitments.

The New York firm, which targets North American companies with enterprise values of $150 million to $1.5 billion, is focused on four sectors: business services; general industrial; healthcare; and technology and telecommunications.

Source: WSJ Pro Private Equity

National Seating & Mobility Enters Acquisition Agreement with Court Square

August 15, 2016 – Mobility Management – National Seating & Mobility (NSM) has announced it’s “entered into a definitive purchase agreement” to be acquired by Court Square Capital Partners, a private equity firm based in New York City.

NSM is currently owned by Wellspring Capital Management, which acquired the complex rehab technology providership in December 2012.
“This is an exciting time for NSM, and we’re very pleased that Court Square is investing in our company,” NSM CEO Bill Mixon said in an Aug. 10 statement. “Court Square has a track record of growing businesses and is eager to help NSM strengthen its commitment to the lives of the people who need mobility. We thank Wellspring for its support and many contributions to our success over the past three and a half years.”

NSM will celebrate its 25th anniversary next year.

In talking with Mobility Management after the announcement, Mixon said Court Square has “a great reputation in the marketplace” and is “supportive of our mission.”
In recent years, NSM has continued to expand by adding branch offices of its own as well as acquiring existing complex rehab technology businesses. Mixon indicated he expected growth to continue under the new ownership structure.

NSM said the acquisition was expected to be completed in the next 60 days.

Source: Mobility Management, Laurie Watanabe

Site: https://mobilitymgmt.com/Articles/2016/08/15/nsm-court-square.aspx

Court Square acquires Silver Oak’s NDC stake

February 3, 2016 – The PE HUB Network – Silver Oak Services Partners has sold its stake in NDC to Court Square Capital Partners. No financial terms were disclosed. Nashville-based NDC is a healthcare supply chain company and distributor of consumable medical supplies. William Blair and Locke Lord LLP provided financial advice on the transaction.

PRESS RELEASE

Evanston, IL, February 3, 2016 – Silver Oak Services Partners, LLC, a leading lower-middle market private equity firm focused exclusively on business, healthcare and consumer services companies, announced today that it has completed the sale of its equity interest in NDC to New York-based private equity firm Court Square Capital Partners.

Headquartered in Nashville, TN, NDC (“the Company”) is a leading healthcare supply chain company and distributor of consumable medical supplies. The Company operates as one of the largest master distributors in healthcare, purchasing supplies directly from manufacturers and providing a broad product line to distributors who handle the last mile delivery direct to health care providers. The Company serves as a vital partner delivering supply chain efficiency to manufacturers, GPOs and national, regional and local distributors. NDC has over 180 employees and operates distribution centers in Tennessee and Nevada.

Silver Oak made its original investment in NDC in February 2010. During Silver Oak’s ownership, NDC completed two acquisitions, strengthened its management team, expanded its product portfolio, upgraded its technology platform and launched new service offerings.

“We are extremely proud of our partnership with the NDC management team,” said Greg Barr, Managing Partner at Silver Oak. “They have done an outstanding job of driving significant top and bottom line growth over the last six years. With a strong management team and proven value proposition in the market, the Company is well positioned for continued growth.”
Mark Seitz, CEO of NDC, noted, “Silver Oak has been an excellent partner. With their active support and guidance, we experienced significant growth while enhancing the value we bring to our business partners. We look forward to building upon this success with our new partners.”

William Blair and Locke Lord LLP acted as financial advisor and legal counsel to the sellers, respectively.

About Silver Oak Services Partners
Founded in 2005, Silver Oak Services Partners is a lower-middle market private equity firm focused on partnering with exceptional management teams to build industry leading business, consumer and healthcare service companies. Silver Oak utilizes a proactive, research-led investment process to identify attractive services sectors and seek out the best potential management teams and investment opportunities. We bring extensive services industry expertise and relationships to our investments and work closely with our management teams to drive long-term value creation. Silver Oak’s principals have a long history of services private equity investing and have demonstrated an ability to navigate through varying economic and market conditions. Silver Oak seeks to make control investments in leading service businesses with $15 to $150 million in revenue. For more information, visit www.silveroaksp.com

About Court Square Capital Partners
Court Square is one of the most experienced teams in the private equity industry. Since 1979, the team has made over 210 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Based in New York, N.Y., Court Square invests in companies that have compelling growth potential. The firm manages approximately $5 billion in aggregate capital commitments while focusing on the following four sectors: business services, general industrials, healthcare and technology/telecommunications.

Source: The PE HUB Network, Iris Dorbian

Site: https://www.pehub.com/2016/02/court-square-acquires-silver-oaks-ndc-stake

Research Now Acquisition Complete

March 18, 2015 – Marketwired – Research Now Group, Inc. (“Research Now”) announced today that Court Square Capital Partners (“Court Square”), a leading private equity firm, has completed its previously announced acquisition of the company. Court Square acquired Research Now through the purchase of interests from the existing group of shareholders and the refinancing of existing debt. Financial terms of the transaction were not disclosed.

“Court Square’s history of investing in winning companies makes them an ideal partner to help us achieve our bold vision,” said Kurt Knapton, President and CEO of Research Now. “With our 15-year track record of industry-leading growth, we have established ourselves as the global standard for quality data collection and client satisfaction. We look forward to building on that momentum with new products and technology offerings that address market opportunities.”

Research Now, headquartered in Plano, Texas, is the leading digital data collection provider powering analytics and insights. Over the past decade, Research Now has been the fastest growing company in its sector. Its global, permission-based access to millions of deeply profiled consumers and business decision-makers provides online, mobile and behavioral data for over 3,000 market research, consulting, media and corporate clients. This actionable data drives key business decisions and processes such as: strategy, competitive intelligence, new product development, brand positioning and digital ad effectiveness.

About Court Square Capital Partners
Court Square is one of the most experienced teams in the private equity industry. Since 1979, the team has made over 200 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Based in New York, N.Y., Court Square invests in companies that have compelling growth potential. The firm manages over $5 billion in aggregate capital commitments while focusing on the following four sectors: business services, general industrial, healthcare and technology/telecommunications. For more information on Court Square, please visit www.courtsquare.com.

About Research Now Group, Inc.
Research Now Group, Inc., headquartered in Plano, Texas, is the global leader in digital data collection to power analytics and insights. It enables data-driven decision making for clients who listen to and interact with the world’s consumers and business professionals through Research Now’s online panels, as well as mobile, digital and social media technologies. The company operates in 38 countries, from 24 offices across the globe, and is recognized as the market research industry’s leader in quality, scale and customer satisfaction. For more information, go to www.researchnow.com.

Source: Research Now Group, Inc.
Site: https://www.marketwired.com/press-release/research-now-acquisition-complete-2001769.htm