NovaQuest Private Equity has announced it has completed a strategic growth equity investment in Pro-ficiency.
Pro-ficiency, based in Durham, N.C., is a provider of tech-enabled training and compliance solutions for clinical trials. The company provides a suite of services, including virtual training simulations, training and compliance monitoring tools, and real-time data and predictive analytics.
NovaQuest Private Equity is the private equity group of NovaQuest Capital Management. Based in Raleigh, N.C., and formed in 2000, NovaQuest Capital Management provides strategic capital to life science and healthcare companies.
Terms of the investment were not disclosed.
