Registrar Corp, a Paine Schwartz Partners Fund V portfolio company, has acquired Cosmetri GmbH.
WHO: Since 2017, Cosmetri has provided the cosmetics and personal care industry with SaaS solutions that streamline compliance operations and accelerate product development. Cosmetri's flagship software, Cosmetri Product Manager, is a product lifecycle management platform designed to help users navigate compliance requirements. Product Manager's features include tools for product development and formulation, compliance management, testing and quality assurance, inventory management, and reporting. In 2019, Cosmetri launched Cosmetri GMP, the only software specifically designed for GMP ISO 22716 cosmetics compliance. Cosmetri GMP helps with internal audits, product recalls, standard operating procedures, electronic document management for GMP, reporting, key performance indicators, and more.
Founded in 2003 and headquartered in Hampton, Virginia, Registrar is a Paine Schwartz Partners Fund V portfolio company and the category leader in tech-enabled supply chain compliance for highly regulated markets.
IN THEIR OWN WORDS: "For well over a decade Registrar Corp has assisted personal care product manufacturers with both U.S. FDA and State of California regulatory compliance services," according to David Lennarz, CEO of Registrar Corp. "The Cosmetri acquisition allows us to expand our value proposition by providing existing clients and prospects with a robust software solution that helps meet regulatory and production needs on a global basis. Additionally, as regulatory authorities strengthen oversight of the personal care products industry, we see a significant market need for the Cosmetri software."
Cosmetri co-founder and Product Manager Simon Bowen said, "Registrar Corp is the ideal partner for us. They have thousands of global customers, a robust enterprise sales team both in the US and overseas, and place a high value on offering software as a service. We look forward to introducing new customers to Cosmetri and to providing our existing clients with additional Registrar Corp software, online training, and regulatory compliance services."
DETAILS:
