Phase Forward Acquires Cambridge-based Waban Software - Waltham, MA
Phase Forward, a Waltham-based provider of data management software, announced on Wednesday that it has acquired Waban Software, a Cambridge-based provider of automation software for clinical data analysis. The acquisition was priced at $14 million for Waban, a privately held firm that had about $4 million in revenue and a breakeven operating income in 2008. Waban’s organization consists of 81 employees. Its local operations now will be located in Phase Forward’s headquarters in Waltham.