SAP AG has acquired a suite of software applications and several other intellectual property assets from health care industry software developer Infinite Data Structures Inc. (IDS), the companies said Tuesday. Financial terms of the deal were not disclosed.
SAP purchased IDS's IMHC (integrated managed heath care) software suite of CRM (customer relationship management) tools for pharmaceutical and medical product manufacturers. IMHC includes applications for developing contracts, handling chargebacks, administrating sales and rebates, and generating sales reports and marketing analysis.
SAP intends to expand IMHC and integrate it into its mySAP CRM application, according to company spokeswoman Bonnie Rothenstein. SAP said it will soon add an IMHC-derived contracts, pricing, and chargeback component to mySAP.com. The new component will be initially targeted at customers in the pharmaceutical, biotech, medical supplies, and health care wholesale and distributor industries, but will later be expanded for adoption by other industries requiring trade relationship management tools, the company said.
About 15 IDS staffers have joined SAP, working out of the company's newly created SAP Global Solution Center. The Global Solution Center opened last week in Newtown Square, Pennsylvania, the Americas headquarters of Walldorf, Germany-based SAP.