Phase Forward buys Green Mountain Logic

Phase Forward Inc. of Waltham said today it has acquired privately held Green Mountain Logic in an all-cash transaction valued at $5.25 million.

Phase Forward provides data management services for biopharmaceutical companies engaged in clinical drug trials, and Green Mountain Logic of Montpelier, Vt., provides process automation software for managing Phase 1 drug trials.

Green Mountain Logic's primary product is called LabPas CT, and Phase Forward president and chief executive Bob Weiler said in a statement, "Green Mountain Logic's LabPas CT brings important functionality to the Phase Forward product portfolio, enabling us to offer a broader and more extensive solution for Phase 1 clinical trials."
(By Chris Reidy, Globe staff)