Process Pathways Inc.

Process Pathways Inc. designs and implements advanced cloud-based research administration solutions, enhancing operational efficiency for academic institutions, pharmaceutical companies, and government agencies worldwide. Founded in 1999 and headquartered in Calgary, Canada, Process Pathways Inc. specializes in research administration solutions.

In March 2018, the company was acquired by Cayuse LLC, a portfolio company of Quad Partners, which marks a significant pivot in its operational strategy. Process Pathways Inc. offers a comprehensive suite of cloud-based research administration solutions designed to streamline and enhance the efficiency of research management. Their core offerings include award management, compliance management, vivarium management, technology transfer, and report connector tools, addressing the complete lifecycle of research administration from proposal submission to grant management.

The solutions assist organizations in maintaining compliance with Canadian regulations such as TCPS 2 and CCAC, while enabling a data-driven approach to managing award portfolios. The company serves over 360 clients globally, including prominent research institutions across North America and Asia. Process Pathways Inc. utilizes a subscription-based revenue model, allowing clients access to their suite of research administration tools through annual or multi-year agreements.

Revenue is generated through these subscriptions, ensuring clients receive continuous updates and support. The structure of service agreements is tailored to the specific research administration needs of each client, reflecting the scale and complexity of their operations. Following the acquisition by Cayuse LLC in March 2018, Process Pathways Inc. aims to leverage its resources to expand its product offerings and enhance its market presence.

The company plans to introduce new features within its existing suite of products by late 2024, focusing on improving user experience and compliance capabilities. Additionally, Process Pathways Inc. intends to expand into European markets, targeting major research institutions and government agencies by 2025. The recent acquisition funding will be utilized to support these initiatives and facilitate further development of innovative solutions tailored to meet the evolving needs of the research community.