Seasoned Healthcare Executive Michael Raymer joins Pro-ficiency as CEO

FOR IMMEDIATE RELEASE: [March 2, 2021]

Seasoned Healthcare Executive Michael Raymer joins Pro-ficiency as CEO

RALEIGH N.C. & DURHAM, N.C. Release Date: [March 2, 2021]- Pro-ficiency, the
leading provider of simulation-enabled, experiential training for clinical research, is
excited to announce the appointment of Michael Raymer to the position of Chief
Executive Officer.

Raymer joins Pro-ficiency with over 25 years of executive experience in the
development of healthcare enterprise software, medical devices, diagnostics, and
consumer health products including leadership positions at Perspective Diagnostics,
M*Modal, Microsoft, GE Healthcare and Nellcor Puritan Bennett.

“Michael is exactly who we need for this next phase of growth at Pro-ficiency” says
JoAnne Schaberick, Co-Founder and Chief Awesomeness Officer. “He has the vision,
strategic leadership, and experience to continue building Pro-ficiency as the premier
provider in clinical research training and compliance.”

“Pro-ficiency is in a truly unique position to meet an urgent market need, and to do so in
a way that improves clinical trial conduct long term. Simulation-based training has been
the standard in so many mission-critical professions for years. The pandemic has been
the tipping-point for clinical trials to adopt new training approaches that will likely remain
the standard in the future,” said Raymer. “I am excited to join the Pro-ficiency team as
we drive this important change for how study training is conducted and managed, now
and for years to come.”

“When we started Pro-ficiency in 2013, it was with a vision of transforming the way our
industry thinks about human performance management. Michael shares this vision,”
says Co-Founder and Chief Game Changer Dave Hadden. “The world needs engaged
and informed investigators more than ever and I couldn’t be more excited to have
Michael helping us lead this charge.”

Raymer’s appointment follows the recent announcement of a strategic growth equity
investment by NovaQuest Private Equity. In its six years since inception, Pro-ficiency
has experienced rapid growth in sponsor and CRO appointments on complex Phase 3
global studies, with recent expansion into the Phase 2 study arena and the company’s
selection as the exclusive eLearning provider for the Association of Clinical Research
Professionals (ACRP). As CEO, Raymer is positioned to expedite Pro-ficiency’s growth
trajectory and position the organization as a leader in the study start-up and clinical
trials training space.

Dave Hadden and JoAnne Schaberick will continue in their roles as Chief Game
Changer and Chief Awesomeness Officer, leading continued innovation, growth and
exceptional client relations at Pro-ficiency.

About Pro-ficiency:
Pro-ficiency is a leading provider of tech-enabled training and compliance solutions for
clinical trials. The Company provides a comprehensive suite of services, including a
turn-key offering of customized, virtual training simulations, training and compliance
monitoring tools, and real-time data &; predictive analytics. For more information, please
visit www.pro-ficiency.com.

About NovaQuest Private Equity:
NovaQuest Private Equity is a leading investor in technology and services companies in
the life sciences and healthcare sectors. NovaQuest was formed in 2000 with the vision
of building an investment platform to provide strategic capital and operational leverage
in partnership with strong management teams. The investment team consists of highly
seasoned operational and investment professionals with significant investment
experience and deep life science and healthcare expertise. Furthermore, NovaQuest
benefits from an extensive network of industry experts and relationships that assist in
identifying, analyzing, and growing NovaQuest portfolio companies and investments.
For more information, please visit www.novaquest.com.