Reinforced with $50 million in investor capital, Vetsource has paid an undisclosed price to acquire a majority share of the veterinary data analytics company VetSuccess.
Vetsource, which serves veterinary practices through marketing and prescription management tools as well as the home delivery of food and brand-name and compounded pet drugs, called the transaction “a natural choice.”
“The addition of VetSuccess’ leading-edge, data-focused technology will enable our customers to gain greater visibility into the health of their business, empowering them to make evidence-based decisions using their performance data in new and unparalleled ways,” CEO and President Kurt Green said.
Portland, Oregon-based Vetsource recently closed a $50 million investment round led by Bain Capital Ventures “to accelerate the expansion of its services,” the company reported.
VetSuccess is headquartered in Toronto.
“By incorporating our data analytics expertise into Vetsource’s cutting-edge technology and pharmacy services, we can empower even more practices by helping them optimize their business performance,” said VetSuccess CEO Martin Traub-Werner.
VetSuccess works with nearly 2,000 veterinary practices. More than 8,500 U.S. veterinary hospitals use Vetsource’s full suite of pharmacy services, the company stated.