Novistra Capital advises Cloud Development Resources on its sale to emids

New York, December 2021

Novistra Capital, a boutique M&A advisory, is pleased to announce that Cloud Development Resources (“CDR”), a US-based digital transformation firm, has been acquired by emids.

CDR is a premier North American Low-Code consulting firm delivering digital transformation services through the provision of enterprise-grade web and mobile applications on the OutSystems low-code platform.

Headquartered in Nashville, emids, is a leading provider of digital transformation solutions to the healthcare industry, providing custom application development, data engineering, business intelligence solutions, and specialized consulting services to all parts of the healthcare ecosystem. 

Clark Swain, CEO of CDR, said: “Novistra proved themselves invaluable and their expertise throughout the process was key in our joining forces with emids. CDR and emids have created the healthcare industry’s first dedicated low-code practice. Combining the strength of modern digital engineering with low-code engineering will significantly enhance our client’s ability to transform the patient experience at an unprecedented pace.”

Ash Mittel, Managing Director at Novistra, stated: “Digital Transformation is a core strategic sector for Novistra, as we continue to leverage our deep sector expertise and strong cross-border network to help maximise value creation for our clients. Our congratulations to the CDR management team on reaching this fantastic milestone and we wish them every success as they embark on the next chapter in CDR’s incredible growth story.”