Wroclaw, Poland-Star. (JULY. 13, 2021). Star, a global technology company, recently announced its acquisition of leading MedTech and Digital Healthcare software consultancy, Pro4People. This acquisition paves the way for Star to offer even stronger software development services for their clients. Pro4People is based in Wroclaw, Poland and specializes in delivering products for the global MedTech markets.
With the acquisition of Pro4People, Star bolsters its expertise in the largest growing industry, Health & Wellness. Star shares its ability to provide MedTech regulatory and compliance consulting to clients, further enhancing its end-to-end medical service delivery capabilities.
Juha Christensen, Founder and Chairman of Star, states, “this acquisition further strengthens our market leadership position. We can now go even further in advising our clients on structuring, designing, and developing MedTech solutions.” Christensen went on to say: “With a CAGR of over 30% since its founding in 2008, Star is becoming an increasingly attractive home for founders of consulting businesses who want to double down and see their companies continue to scale, their employees to keep growing and their assets to keep appreciating.”
This acquisition is a milestone accomplishment and is the result of developing an M&A engine that aims to drive 7-10%+ annual inorganic growth on top of the already impressive organic growth the companies’ commercial engine can deliver. Together, they will provide digital innovation and product development services for their clients.
Star’s initiative to grow and develop deep industry expertise solidifies its position as a leading partner for MedTech and Digital Healthcare businesses. David Box, Managing Director of Health & Wellness at Star, emphasizes how “this acquisition enables Star to create even stronger MedTech and Digital Healthcare solutions that improve patient outcomes, reduce provider burden, lower costs and boost population health. Moreover, it equips us to do more with the most valuable asset in healthcare—data. We’ll be able to help organizations better collect, understand and use data to align their strategies and take the right approach as global healthcare needs evolve.”
For Pro4People, it was an easy decision. Both companies agree on the importance of a solid cultural fit, making this move efficient and valuable. Tomasz Puk, CEO at Pro4People, says, “We are thrilled about the opportunity to become part of Star. This is the culmination of our hard work and investment into Pro4People’s growth over the years. Best of all, Star values our people and shares our vision of transforming healthcare. By working together, we’ll unlock more opportunities and continue our founding mission much further than we could have ever envisioned.”
Star believes in the power of expertise, and their endgame is to have a universe of Star units that each represent a particular area of expertise. This acquisition will help them get closer to this goal.
Visit www.star.global to learn more about their innovative products and services.
About Star
Star is a global technology company that connects strategy, design and engineering services and helps companies to accelerate their product innovation. They support their customers every step of the co-creation way — from ideation and concept crafting to full-stack development and putting solutions into the hands and minds of end-users.
Star works for businesses in a variety of industries, including Automotive & Mobility, Health & Wellness, FinTech and others. Their customers include Lufthansa, Zeiss, Panasonic, BMW, SAIC, NIO, Dolby, EGYM and One Concern.
About Pro4People
Pro4People, a top software consultancy located in Wrocław, Poland, specializes in developing innovative MedTech products. They assist clients in all phases of the software development lifecycle: research, development, maintenance, and delivery to create modern, global, compliant, and connected medical devices. Their products and technologies include web applications, connected health solutions, cloud backend systems, SaMD platforms, mobile applications and AI.