FOR IMMEDIATE RELEASE
NEW YORK, N.Y. – January 26, 2009 – Medidata Solutions, Inc., a leading global provider of hosted clinical development solutions, today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission for an initial public offering of its common stock. The registration statement contemplates that Medidata Solutions will sell newly issued common stock. The number of shares to be offered and the price range for the offering have not yet been determined.
Citi and Credit Suisse Securities (USA) LLC will act as the joint bookrunning managers for the proposed offering. Jefferies & Company, Inc. and Needham & Company, LLC will act as comanagers. The public offering will be made only by means of a prospectus. Once the prospectus is available, a copy may be obtained from:
Citi
Brooklyn Army Terminal
140 58th Street, 8th Floor
Brooklyn, N.Y. 11220
Telephone: (718) 765-6732
Credit Suisse Securities (USA) LLC
Prospectus Department
One Madison Avenue
New York, N.Y. 10010
Telephone: (800) 221-1037
A registration statement relating to the proposed sale of these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Medidata Solutions Worldwide
Medidata Solutions is a leading global provider of hosted clinical development solutions.
Contact:
Susan McCarron
Lois Paul & Partners
781.782.5767
Susan_McCarron@lpp.com