AdviseInc Ltd acquired by NEC Software Solutions

Transaction

Sell-side

Undisclosed

Role

Adviser to AdviseInc Ltd on its sale to NEC Software Solutions

Sector

Tech & Tech Services
Healthcare

Region

We have advised AdviseInc, a leading healthcare spend data analytics solution provider, on its sale to NEC Software Solutions (NECSWS), a provider of innovative software and services to healthcare organisations within the UK (NHS), Ireland (HSE) and globally.

AdviseInc is a specialist provider of healthcare spend analytics data, which supports healthcare organisations in better understanding their spend across a range of healthcare related products.

NECSWS supports health organisations to refocus resources to where they are needed most and provide key intelligence to improve decision making on the frontline.

This transaction will enable AdviseInc to further expand its suite of products addressing global healthcare spend, while also enhancing NECSWS’s existing portfolio of software solutions used by healthcare organisations around the world.

More about the process

Our team supported AdviseInc to engage with a targeted group of strategic trade buyers with the potential to accelerate the business’s next phase of growth. We ran a focused process that enabled the shareholders to evaluate their options and select the most suitable long-term partner.

Throughout the transaction, we provided strategic advice and hands-on support, guiding the shareholders from initial engagement through to completion. We also led negotiations on their behalf, securing a deal that delivered strong value and aligned with their long-term objectives.

Clearwater were outstanding partners throughout the entire process. From the outset, they demonstrated a deep understanding of our business and the healthcare technology landscape, helping us identify the right strategic buyers and navigate a highly targeted process with confidence. Their guidance was instrumental in securing a partner that aligns with our values and growth ambitions. The team provided clear, honest advice and managed the transaction with professionalism, energy, and genuine care for the outcome

This partnership represents a strategic alignment of the values held by both of our organisations and we are eager to harness the respective strengths of the technology and services available to the health sector to make a lasting impact.
Mat Oram, CEO and Founder, AdviseInc

Having Adviseinc under the banner of NECSWS provides healthcare organisations with a complete portfolio of solutions that can be used to deliver real time actionable insights to improve patient and organisational outcomes. We’re very excited about working together to deliver this next phase in NECSWS’ journey in supporting key healthcare organisations.
Lydia Rawlings, Executive Director for Health, NECSWS

In bringing these teams of people together, we have strengthened our offerings, and we will jointly continue to invest in our quality solutions and be the world-leaders in developing state-of-the-art technology and services for the health sector.
Tina Whitley, CEO, NECSWS

It’s been a pleasure advising Mat and Phil on this transaction and we are delighted that AdviseInc is joining a partner that will help to accelerate its exciting growth plans. Demand for high-quality, proprietary data continues to accelerate as organisations increasingly rely on sector-specific intelligence to support decision making. AdviseInc’s unique spend analytics platform helps healthcare organisations make better informed spending decisions, placing it firmly at the heart of this trend. We continue to see high levels of appetite for high quality B2B data businesses across both the private equity and strategic trade landscape.
Jon Grant, Director, Clearwater