About Parexel
Parexel is a company based in Waltham (United States) founded in 1983 was acquired by EQT in July 2021.. Parexel has completed 13 acquisitions, including 3ClinicalResearch, Atlas Medical Services and California Clinical Trials. Parexel operates in a competitive market with competitors including Celgene, Syneos Health, Medelis WCCT Global, Emmes and PRA Health Sciences, among others.
- Headquarter Waltham, United States
- Stage Public
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Sectors
Healthcare
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
EQT
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
3ClinicalResearch
& 12 more
- Acquired by
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Software Development Team
152 people
Leadership Team
144 people
Senior Team
97 people
Operations Team
94 people
Clinical Team
41 people
Finance and Accounting
40 people
Data Analysis and Operations Team
40 people
Principal Team
25 people
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Funding Insights of Parexel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Parexel
Parexel has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include EQT, Goldman Sachs Asset Management and Pamplona Capital Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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EQT is recognized as a global investment organization focused on value creation.
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Founded Year | Domain | Location | |
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Private equity investment firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Global asset management and investment solutions are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Parexel
Parexel has strategically engaged in corporate development activities, having acquired 13 companies. Notable acquisitions include 3ClinicalResearch, Atlas Medical Services and California Clinical Trials. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based patient population and health management is offered to providers.
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2011 | ||||
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Specialized CRO services are provided to pharma and biotech companies.
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2009 | ||||
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Clinical randomization and trial supply management services are provided.
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Parexel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Parexel Comparisons
Competitors of Parexel
Parexel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Celgene, Syneos Health, Medelis WCCT Global, Emmes and PRA Health Sciences, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Therapies for cancer and inflammatory diseases are developed.
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| domain | founded_year | HQ Location |
CRO clinical development services are provided by Syneos Health.
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| domain | founded_year | HQ Location |
Full-service CRO expertise in influenza and oncology research is offered.
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| domain | founded_year | HQ Location |
Outsourced contract research organization services are provided to clients.
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| domain | founded_year | HQ Location |
Global full-service CRO services are delivered in over 80 countries.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Parexel
Frequently Asked Questions about Parexel
When was Parexel founded?
Parexel was founded in 1983.
Where is Parexel located?
Parexel is headquartered in Waltham, United States. It is registered at Waltham, Massachusetts, United States.
Who is the current CEO of Parexel?
Peyton Howell is the current CEO of Parexel.
What does Parexel do?
Parexel International was founded in 1983 and is headquartered in Waltham, United States. Operations are conducted as a clinical research organization in the biopharmaceutical sector, with services encompassing clinical trials across phases I-IV, consulting on regulatory compliance and product development, informatics for data management, and access solutions for market entry and drug safety. Presence is maintained in 51 countries, supporting development of pharmaceuticals, biologics, medical devices, and biosimilars.
Who are the top competitors of Parexel?
Parexel's top competitors include Emmes, Syneos Health and ClinChoice.
How many acquisitions has Parexel made?
Parexel has made 13 acquisitions, including 3ClinicalResearch, Atlas Medical Services, and California Clinical Trials.
Who are Parexel's investors?
Parexel has 3 investors. Key investors include EQT, Goldman Sachs Asset Management, and Pamplona Capital Management.
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