LLR Partners, a middle market private equity firm, has made a strategic growth investment in RealTime Software Solutions LLC, a provider of cloud-based software services.

The investment will be used to accelerate the firm’s growth, product innovation and deliver of customer experiences. RealTime focuses on solving problems and providing services to make clinical research processes more efficient and compliant.

“Our vision at RealTime is to reshape the global clinical research industry with innovative solutions that help advance medicine and save lives,” said Rick Greenfield, founder & CEO of RealTime. “LLR Partners has a long history of investing and supporting the growth of pharma services and technology businesses. As partners, we will be able to access a deep set of resources and experiences to help us deliver enhanced solutions to our customers and enable new pharmaceutical treatments to reach the world at an even faster pace.”

“The critical work being done by the clinical research industry to improve and save lives has never been more prominent,” said Zack Sigal, principal at LLR Partners. “RealTime is a leader in the dynamic clinical research technology market with a talented, passionate team dedicated to this purpose.”

Crosstree Capital Partners served as the exclusive financial advisor to RealTime Software Solutions in this transaction.