CAMBRIDGE, United Kingdom–(BUSINESS WIRE)–#SaaS—Recur Software, a US-based software group that acquires and grows industry-specific software products, has acquired Cognidox, the Cambridge-based provider of electronic Quality Management System (eQMS) software used by life sciences, medical device and high-tech product development companies.
Cognidox, a spin-out from Cambridge’s “Silicon Fen” innovation cluster, helps companies manage design documentation, quality processes and regulatory compliance for ISO, FDA and many other standards. The company has grown its user base by more than 50 percent over the past two years while maintaining profitability. Cognidox will continue to operate from its Cambridge headquarters, serving its global customer base while benefiting from Recur’s expertise and resources.
Henry Jefferies, Founder and CEO of Recur, said: “Cognidox is the quality management partner of choice for many of the best-known names in life sciences, medical devices and high-tech product development. We believe they have built the industry’s most configurable solution and we’re excited to help them grow and add AI capabilities to the product.”
Joe Byrne, CEO of Cognidox, added: “We’re delighted to be joining forces with Recur. They have a deep understanding of how to grow industry-specific software products without losing what makes them special. Their AI-driven approach and operational depth stood out to us from day one and we’re excited for their support as we continue to innovate and deliver an outstanding product for our customers.”
About Cognidox
Cognidox is a lean, browser-based eQMS for life sciences, medical devices, and high-tech product developers. Its platform helps companies achieve compliance with ISO 13485, FDA 21 CFR Part 11, EU Annex 11, and many other standards, while improving collaboration and efficiency.
About Recur Software
Recur partners with industry-specific software businesses to accelerate growth and drive product development. Taking a long-term approach, Recur invests in and supports software companies across a diverse range of industries with capital, shared services, and operational know-how.
Contacts
Recur Software
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