Bracket: Wayne-based tech pharma firm acquired by private equity firm Parthenon

Bracket, the Wayne-based technology firm that supports pharmaceutical clinical trials, was acquired earlier this month by private equity firm Parthenon Capital Partners, according to a release. Parthenon, which has offices in Boston and San Francisco, bought Bracket for an undisclosed sum from previous owner Express Scripts Holding Company.

Bracket is run by Catherine Spear.

The acquisition comes with no layoffs or relocations for its employees, a spokeswoman said, including Bracket’s more than 300 employees in its Wayne and Langhorne offices. The company, acquired by Express Scripts in April 2012, has 600 employees across the country.

Keeping value in the region may come in contrast with the image many private equity firms get, so keep an eye out for whether this bolsters Bracket, by way of outside perspective, or if the company is used for a cash spin out.

For more on Bracket, read our Q&A with vice president of client services Adam Butler.