RLDatix Acquires Ecteon, Further Deepening its Offerings Across Governance, Risk and Compliance
Chicago, IL, February 09, 2021:
RLDatix, the leading global provider of intelligent patient safety solutions, announced today that it has acquired Brentwood, TN based Ecteon, a best-in-class provider of contract management solutions for healthcare, insurance, life sciences and other industries. This acquisition further rounds out RLDatix’s offerings across governance, risk and compliance (GRC), and enhances the company’s Applied Safety IntelligenceTM framework that is shifting healthcare from reactive risk management to proactive prevention.
Ecteon’s ContraxxTM solution helps organizations manage complex contracting processes across multiple legal entities, jurisdictions, and contract types. Its leading functionality streamlines and simplifies complex data while providing critical insights that eliminate costly bottlenecks and inefficiencies.
“The acquisition of Ecteon further demonstrates our leadership in governance, risk and compliance while providing new and exciting functionality to our clients,” said Jeff Surges, CEO, RLDatix. “We are thrilled to welcome this pioneer in contract management into the RLDatix family, who for more than three decades has demonstrated remarkable leadership, customer service and innovation.”
“We are excited to join forces with RLDatix and to support their mission of improving healthcare,” said Richard Eckerstrom, Chief Executive Officer of Ecteon. “This combination provides us with the opportunity to deliver even greater value to our joint clients while providing our team members with new opportunities for career growth. This is a great day for all of our stakeholders.”
Ecteon is the latest contract management provider to be acquired by RLDatix, following the 2019 acquisition of iContracts.
“In a highly regulated industry like healthcare, having tools that can help manage rapidly evolving contracting requirements is essential to providing safer care,” continued Surges. “Together with RLDatix’s already leading contract management capabilities, Ecteon will further enhance our Applied Safety Intelligence framework while driving organizational improvement across the enterprise.”