Client
Cloud Development Resources
Deal Type
Sell-Side M&A
Deal Team
Ripun Jai Mehta
Managing Partner
Ash Mittel
Managing Director
Pankaj Arora
Managing Director
Client Description
Cloud Development Resources (CDR) is a premier low-code consulting firm based in North America, delivering enterprise-grade web and mobile applications on the OutSystems platform. CDR supports clients through full-spectrum digital transformation solutions, with a growing presence in healthcare and regulated industries.
emids, headquartered in Nashville, is a leading digital transformation and technology partner to the healthcare industry. The company provides custom software development, data engineering, and strategic consulting across the healthcare ecosystem—from providers and payers to healthtech innovators.
Approach
CDR engaged Novistra Capital to advise on a strategic transaction that would help scale its capabilities in healthcare and accelerate market expansion. Novistra identified emids as a strong strategic fit—offering complementary strengths in digital engineering, deep healthcare domain expertise, and global delivery infrastructure.
Drawing on its track record in both low-code and healthcare technology, Novistra managed a high-conviction process from initial positioning to close, ensuring alignment of growth priorities and delivery models.
Outcome
CDR was acquired by emids, establishing the healthcare industry’s first dedicated low-code practice. The combined platform will enable clients to deliver transformative digital experiences at speed, powered by the convergence of low-code and modern digital engineering.
This transaction adds to Novistra’s deep experience across low-code enablement, healthcare IT, and digital transformation services—highlighting continued interest in platforms that combine sector specialisation with scalable tech capability.
“ Novistra proved themselves invaluable and their expertise throughout the process was key in our joining forces with emids. Combining modern digital engineering with low-code will significantly enhance our ability to transform the patient experience at an unprecedented pace.”
Clark Swain
CEO, Cloud Development Resources
Press Releases

