Imprivata, Inc. / Isosec Limited merger inquiry

The CMA is investigating the anticipated acquisition by Imprivata, Inc. of Isosec Limited.

From:
Competition and Markets Authority
Published
2 March 2021
Last updated
2 June 2021 — See all updates
Case type:
Mergers
Case state:
Closed
Market sector:
Electronics
Opened:
2 March 2021
Closed:
2 June 2021

Statutory timetable

Phase 1 Action
2 June 2021 Decision published
29 April 2021 Decision announced
3 March 2021 Notification of merger inquiry to the Department for Business, Energy and Industrial Strategy
2 March 2021 Launch of merger investigation
2 to 16 March 2021 Invitation to comment

Phase 1

Merger abandoned

10 May 2021: On 29 April 2021, the CMA announced that Imprivata’s anticipated acquisition of Isosec would be referred for an in-depth investigation unless suitable undertakings were offered to remedy the competition concerns identified.

Imprivata has since confirmed that it has abandoned the transaction (and provided appropriate assurances to the CMA of this abandonment). On this basis, the CMA has decided not to make a reference in this case.

Reference unless undertakings accepted

29 April 2021: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. This merger will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns.

Notification of merger inquiry to the Department for Business, Energy and Industrial Strategy

3 March 2021: The CMA brought the anticipated acquisition by Imprivata, Inc. of Isosec Limited to the attention of the Secretary of State for Business, Energy and Industrial Strategy under section 57(1) of the Act, as the CMA considered that the transaction may raise public interest considerations under section 58 of the Act.

Launch of merger inquiry

2 March 2021: The CMA announced the launch of its merger inquiry by notice to the parties.

Invitation to comment: now closed

2 March 2021: The CMA is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

To assist it with this assessment, the CMA invites comments on the transaction from any interested party.

These comments should be provided by the deadline set out above.

Contact

Please send written representations about any competition issues to: [email protected]

Updates to this page

Published 2 March 2021
Last updated 2 June 2021 + show all updates

  1. Full text of the phase 1 decision published.

  2. Abandonment of merger announced.

  3. Reference unless undertakings accepted published.

  4. Notification of merger inquiry to the Department for Business, Energy and Industrial Strategy.

  5. First published.

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