TraceLink expands offering with ROC IT Solutions acquisition

Industry Reports
Typography

TraceLink Inc., the world’s largest track and trace network for connecting the life sciences supply chain and providing real-time information sharing for better patient outcomes, today announced that it has acquired ROC IT Solutions, the leader in intelligent edge data capture for serialized product inventory in the pharmaceutical supply chain.

The acquisition positions TraceLink as the only end-to-end platform that enables life sciences companies to capture, process and exchange serialized product data across a digital supply chain network, while also more effectively managing warehouse product inventory at the “edge” of the supply chain.


By acquiring ROC IT and integrating EdgeTRAC™ into its family of serialization software, TraceLink now offers solutions for serialized receiving, picking, shipping, returns, deactivation, aggregation, de-aggregation, label printing and tag management of pharmaceutical products. The acquisition also increases TraceLink’s physical presence in the US, bringing the total number of locations to two, including its global headquarters in North Reading, MA and a new office in Pittsford, NY.

“We are pleased to welcome ROC IT’s founding members, employees and valued customers to TraceLink. As industry pioneers and market leaders, both TraceLink and ROC IT have been working together since the early days of pharmaceutical track and trace, establishing an undeniable synergy with our respective technical expertise, industry knowledge and company cultures,” said Shabbir Dahod, president & CEO, TraceLink.

“This acquisition further widens our leadership position by seamlessly merging best-of-breed serialization capabilities into a comprehensive solution set that no other provider can offer.  As a result, we’ll be able to serve broader serialization challenges in the pharmaceutical industry as well as explore new capabilities for real-time information sharing that support the longer-term business and patient safety goals of our customers.”

Larry Hall, co-founder and Vice President of Sales and Operations of ROC IT, added, “By joining forces with TraceLink, we have aligned ourselves with the winning team to build an even stronger collaboration to propel the industry forward. We look forward to this next chapter with TraceLink and ensuring the ongoing success of our customers, partners and team by leveraging TraceLink’s industry expertise, proven solutions and global customer success."

The specific warehouse operations capabilities now offered by TraceLink as a result of the ROC IT acquisition include: 

  •   Operational integration—across serial number management, electronic product code information services (EPCIS) repository, warehouse management system (WMS) and master data at scale;
  •        Inference-driven receiving—with configurable audit parameters and optional put away;
  •        Serialized container management—for aggregation / de-aggregation and other re-work;
  •        Pick, and pick/pack scenario support—with picking confirmation integration with WMS;
  •        Shipment and shipment verification—with optional integration to enterprise resource planning (ERP)/WMS;
  •        ERP/WMS integration—single integration for all modules and functions; 
  •        Comprehensive product support—for serialized and non-serialized products; and,
  •       Integrated solution for the healthcare and pharmacy community—which streamlines the process of receiving serialized products and data associated with them.

All existing ROC IT customers will be able to rely on TraceLink’s global customer success team for ongoing technical support and implementation assistance.
TraceLink’s serialization software, country compliance solutions and unique track and trace network is currently used by more than 650 global customers to exchange compliance data with more than 255,000 supply chain endpoints.  

About TraceLink
TraceLink is the world’s largest track and trace network for connecting the Life Sciences supply chain and eliminating counterfeit prescription drugs from the global marketplace. Leading businesses trust the TraceLink Life Sciences Cloud to deliver complete global connectivity, visibility and traceability of pharmaceuticals from ingredient to patient. A single point and click connection to the Life Sciences Cloud creates a supply chain control tower that delivers the information, insight and collaboration needed to improve performance and reduce risk across global supply, manufacturing and distribution operations. A winner of numerous industry awards including Deloitte’s Technology Fast 500 (ranked number 149 in 2016), the Amazon AWS Global Start-Up Challenge Grand Prize, and the Edison Award for Innovation in Health Management, the Life Sciences Cloud is used by businesses across the globe to meet strategic goals in ensuring global compliance, fighting drug counterfeiting, improving on-time and in-full delivery, protecting product quality and reducing operational cost. For more information on TraceLink and our solutions.

TraceLink is funded by Goldman Sachs, FirstMark Capital, Volition Capital and F-Prime Capital. 

Contacts:
Aimee Genzler
Director, Corporate Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.
978.396.6150

Sign up via our free email subscription service to receive notifications when new information is available.
captcha 

Market Movers

Rogers Corporation

NYQ : ROG - 16 Oct, 4:02pm
139.53
+2.83 (+2.07%) After Hours:
Open 137.60 Mktcap 2.54B
High 139.74 52wk Hight 139.74
Low 137.05 52wk Low 51.98
Vol 86121 Avg Vol 120528
Eps 5.55 P/e 33.70
Currency: USD

Banco Santander, S.A. Sponsored

NYQ : SAN - 16 Oct, 4:04pm
6.52
-0.01 (-0.11%) After Hours:
Open 6.51 Mktcap 20.57B
High 6.53 52wk Hight 6.99
Low 6.47 52wk Low 4.36
Vol 3.84M Avg Vol 5.41M
Eps 0.49 P/e 11.99
Currency: USD

Merck & Company, Inc. (new)

NYQ : MRK - 16 Oct, 4:00pm
63.34
-0.05 (-0.08%) After Hours:
Open 63.49 Mktcap 172.75B
High 63.73 52wk Hight 66.80
Low 63.26 52wk Low 58.29
Vol 7.45M Avg Vol 7.72M
Eps 3.87 P/e 34.24
Currency: USD

Johnson & Johnson

NYQ : JNJ - 16 Oct, 4:00pm
136.12
-0.31 (-0.23%) After Hours:
Open 136.45 Mktcap 365.35B
High 137.26 52wk Hight 137.52
Low 135.54 52wk Low 109.32
Vol 5.12M Avg Vol 5.26M
Eps 7.18 P/e 22.88
Currency: USD

Pfizer, Inc.

NYQ : PFE - 16 Oct, 4:00pm
35.98
-0.36 (-0.99%) After Hours:
Open 36.35 Mktcap 59.45B
High 36.48 52wk Hight 36.60
Low 35.88 52wk Low 29.83
Vol 13.58M Avg Vol 17.16M
Eps 2.56 P/e 26.26
Currency: USD

Direxion Daily 10-Yr Treasury B

PCX : TYO - 16 Oct, 3:37pm
13.81
+0.06 (+0.44%) After Hours:
Open Mktcap
High 52wk Hight 16.29
Low 52wk Low 13.12
Vol 0 Avg Vol 3888
Eps P/e
Currency: USD