Insightful Science to Buy U.K.’s Dotmatics in $690 Million Deal

Insightful Science, a technology provider to the life sciences industry, has agreed to buy data management company Dotmatics Ltd. as the surge in software deals shows little sign of slowing.

The combined group will generate more than $100 million in annual revenue, the companies said in a statement Monday. Financial terms were not disclosed. The deal is valued at as much as 500 million pounds ($690 million), said people familiar with the matter, who asked not to be identified discussing confidential information.

Stephen Gallagher

Source: Dotmatics Ltd.

U.K.-based Dotmatics was founded in 2005 by Merck & Co.scientists Stephen Gallagher and Alastair Hill. ...