Registrar Corp. acquires K Squared International, Registration and Licensing Systems
Both companies provide FDA registration, U.S. agent and product listing services to domestic and foreign FDA-regulated facilities.
Registrar Corp., Hampton, Va., acquired K Squared International, LLC, Washington, D.C., and Registration and Licensing Systems, Inc. (RLS). Both companies provide FDA registration, U.S. agent and product listing services to domestic and foreign FDA-regulated facilities.
"We partnered with Registrar because the company aligned exceptionally well with our targeted investment thesis around the Food Safety Modernization Act and with our Bertram High 5 buy-and-build strategy," says Tom Beerle, partner and deal lead for Registrar. "These two acquisitions, along with the acquisition of FDA Agents last year, support our goal of providing the most comprehensive suite of compliance solutions in the industry. We continue to seek business owners in the industry who wish to become part of our compliance platform."
In addition, Bertram Labs, the firm's in-house software development and marketing services team, supported Registrar's development of enhanced compliance and monitoring solutions.
"When we were looking to bring in an investment partner last year, we knew we wanted a group that could help accelerate our technology roadmap," says David Lennarz, co-Founder and CEO of Registrar Corp. "In the 15 months we have worked with Bertram, we have launched a number of innovative software tools that are completely new to the industry and are being enthusiastically adopted by our customers. We are also very excited about several significant product announcements coming in the next few months."