PTP

Canaccord Genuity Advises Life Sciences-Focused, Cloud Consulting and Managed Services Firm PTP on its Significant Investment from 424 Capital

Canaccord Genuity is pleased to announce it has advised PTP, a leading cloud consulting and managed services firm specializing in the life sciences industry, on its significant investment from 424 Capital. The investment will enhance PTP’s impact on life sciences clients by fueling the development of increased capabilities and creating a presence in new geographies.

PTP, an Amazon Web Services (AWS) Advanced Tier Services Partner with the Life Sciences and Managed Security Services Competencies, provides strategic guidance and IT managed services to biotechnology companies. The company’s team of experts is dedicated to helping clients navigate the complexities of drug discovery and development, ensuring the delivery of innovative treatments to patients worldwide by leveraging the capabilities of AWS.

PTP has a proven track record of successfully guiding biotechnology companies through the complex landscape of pipeline workflows for drug discovery and development from its base in the Boston, Massachusetts area. With 424 Capital’s investment, the company will increase the breadth and depth of its services, empowering companies in the therapeutics space to get treatments to market. The partnership between PTP and 424 Capital is expected to have a significant impact on startup and growing life sciences companies that are cloud-first and require a partner with deep lab and scientific experience, while also having the depth of full-portfolio managed services.

Headquartered  in Wakefield, Massachusetts, 424 Capital is a capital partner that invests in lower middle market companies in the tech-enabled services space. 424 Capital works in partnership with founders and management teams to accelerate and scale for long-term growth. Focusing primarily on investments in healthcare and renewable energy, the firm invests in, empowers, and enables companies to step up, stand out, and make a difference in the world.

Canaccord Genuity, with a team led by Ben Lunka, JP Michaud, and Kevin Lynch, served as the exclusive financial advisor to PTP.