TA-backed Datix agrees RL Solutions merger

Datix was backed by TA Associates in May, with existing investor Five Arrows Principal Investments – the European corporate private equity business of Rothschild Merchant Banking – maintaining a significant stake.

The newly formed company will have around 300 staff and 3,000 clients in 19 countries around the globe.

Financial terms of the merger were not disclosed.

Founded in 1986 and based in London, Datix is a developer of patient safety and risk management software for the healthcare sector. The company provides hospitals, care home managers and healthcare professionals with web-based patient safety software to assess risk and reduce adverse events, as well as expert advice, periodic health checks and data integration.

Datix operates in the UK, North America, Australia and the Middle East. According to its UK filings, the company generated an operating profit of £3.9m and EBITDA of £4.13m on revenues of £10.25m in 2017, and employs 160 people.

Company
Established in 1997, RL creates patient safety software. The firm has offices in the UK, Canada, US, Australia and UK.

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