Registrar Corp, a portfolio company of Paine Schwartz Partners Fund V, has acquired Cosmetri GmbH.
WHO: Since 2017, Cosmetri has provided the cosmetics and personal care industry with SaaS solutions that streamline compliance operations and accelerate product development. Cosmetri’s flagship software, Cosmetri Product Manager, is a product lifecycle management platform designed to help users navigate compliance requirements. Product Manager features include tools for product development and formulation, compliance management, testing and quality assurance, inventory management, and reporting. In 2019, Cosmetri launched Cosmetri GMP, the only software specifically designed for cosmetic GMP ISO 22716 compliance. Cosmetri GMP helps with internal audits, product recalls, standard operating procedures, electronic document management for GMPs, reporting, key performance indicators, etc.
Founded in 2003 and based in Hampton, Virginia, Registrar is a Paine Schwartz Partners Fund V portfolio company and the category leader in technology-enabled supply chain compliance for highly regulated markets.
IN THEIR OWN WORDS: “For more than a decade, Registrar Corp has assisted personal care product manufacturers with US FDA and State of California regulatory compliance services,” said David Lennarz, CEO of Registrar Corp. “The acquisition of Cosmetri allows us to expand our value proposition by providing existing and prospective customers with a robust software solution that helps meet regulatory and production needs on a global scale. Additionally, as regulatory authorities increase oversight of the personal care products industry, we see a significant market need for Cosmetri software.
Cosmetri co-founder and chief product officer Simon Bowen said, “Registrar Corp is the perfect partner for us. They have thousands of global customers, a strong sales team in the US and overseas, and place great emphasis on the software offering as we look forward to introducing Cosmetri to new customers and providing our existing customers with additional Registrar Corp software, online training and regulatory compliance services.
- Registrar Corp acquired Cosmetri GmbH.
- Paine Schwartz Partners invested in Registrar Corp in 2021.