FOR IMMEDIATE RELEASE
Medidata Solutions Named One of Deloitte’s 2011 Technology Fast 500™
Extended Customer Commitments, Key Partnerships and Strategic Acquisitions Drive
Continued Growth for Leading Clinical Research Technology Company
NEW YORK, N.Y. – November 10, 2011 – Medidata Solutions (NASDAQ: MDSO), a leading global provider of SaaS-based clinical development solutions, today announced that it has been named to the Deloitte’s Technology Fast 500™ list, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Due to increasing customer commitments from global pharmaceutical, biotech and medical device companies and academic research institutions, as well as new and expanding partnerships with clinical research organizations (CROs), Medidata grew 359 percent during Deloitte’s Fast 500 eligibility period and ranked #247 on the list.
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In addition to new customers, partnerships and product development, Medidata further expanded its offerings and expertise over the past year with the acquisition of Clinical Force, a pioneer in SaaS-based clinical trial management systems (CTMS).
“We are filling a critical market need for solutions that improve clinical, financial and operational processes, accelerate time to value and lower clinical development costs,” said Tarek Sherif, Medidata’s chief executive officer. “Our position on this year’s Deloitte’s Technology Fast 500 illustrates more than a decade of record growth and speaks to the passion and commitment of our employees in helping our customers optimize their development processes.”
About Deloitte’s 2011 Technology Fast 500™
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies—both public and private—in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years and be headquartered within North America.
About Medidata Solutions Worldwide
Medidata Solutions is a leading global provider of SaaS clinical development solutions that enhance the efficiency of customers’ clinical trials. Medidata’s advanced solutions lower the total cost of clinical development by optimizing clinical trials from concept to conclusion: from study and protocol design, trial planning and budgeting, site negotiation, clinical portal, trial management, randomization and trial supply management, clinical data capture and management, safety events capture, medical coding to business analytics. Our diverse life science customer base spans biopharmaceutical companies, medical device and diagnostic companies, academic and government institutions, CROs and other research organizations, and includes more than 20 of the top 25 global pharmaceutical companies as well as organizations of all sizes developing life-enhancing medical treatments and diagnostics.
Contact:
Susan McCarron
Lois Paul & Partners
781.782.5767
Susan_McCarron@lpp.com