Chennai: In a $3-million deal the city-based Take Solutions Limited, a solutions provider for supply chain management, has acquired the US-based clinMetrics. The US company offers data warehousing and analytical reports for the players in the pharmaceutical research companies, clinical research organisations and others.

According to Srinivasan H R, founder, Take Solutions, the $3-million purchase price will be paid in a combination of cash (25 per cent) and stock (75 per cent). "Ultimately clinMetrics will be merged with Take Solutions," he adds.

However, Srinivasan declined to comment whether the stock would be issued now or after the merger with clinMetrics. The US posted profits on a turnover of $3 million.

Promoted by Srinivasan, the Rs10-crore equity-based Take Solutions has a turnover of $3.4 million and its investors include Silk Route Holdings, Singapore. The total investment that has gone into the company is around $4.2 million. According to Srinivasan, an additional capital of $2 million will be infused in a years time. "We plan to invest $5 million in the US," he explains.