Deerfield, IL, and Ploufragan, France—FoodChain ID has acquired Nutraveris, a scientific and regulatory affairs consultancy and technology software provider. It supports and advises agri-food, pharmaceutical, personal care, ingredient, and nutraceutical companies to help them reach full market approval of their supplements, ingredients, and health products, according to a press release.
Nutraveris’ AI-based platforms help manufacturers and marketers more efficiently create and launch dietary supplements. The platforms draw a weekly updated inventory of scientific and regulatory information on more than 3,000 ingredients, 40,000 finished products, and over 40,000 peer-reviewed publications, the press release explains.
Brad Riemenapp, CEO of FoodChain ID, said in the press release: “Nutraveris, with its global clients and coverage, is a strong strategic fit for FoodChain ID, strengthening our customer base and building on our global profile, domain expertise and agri-food industry leadership. With Nutraveris, we are adding scale to our business in the fast-growing ‘good for you’ sector, while expanding our targeted portfolio through new technology-enabled supply chain compliance and claim verification services. We are confident the Nutraveris team will further enhance our ability to capture the growing customer demand for services to market safe and healthy foods, globally.”
Cédric Bourges, CEO of Nutraveris, added: “Since our founding, we set out to bring expert knowledge and innovative technology and have worked with our global scientific and regulatory experts to support product compliance and development throughout Europe and make the task easier for manufacturers and brand-owners. By joining FoodChain ID, we will add the resources, certification, international profile and expanded client base we need to take our business to the next level.”