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Medidata To Acquire Clinical Force

Adds SaaS CTMS platform to offerings

By: Gil Roth

President, Pharma & Biopharma Outsourcing Association

Medidata Solutions has entered into a definitive agreement to acquire Clinical Force, a provider of SaaS-based clinical trial management systems (CTMS).The acquisition is subject to various standard closing conditions and is expected to be completed early in Medidata’s fiscal third quarter ending September 30, 2011. Clinical Force’s current revenue is not material to Medidata in 2011, but it is expected to grow based on access to Medidata’s global capabilities. Financial terms were not disclosed.

“Clinical Force brings a new, different and better approach to CTMS with broad appeal to large clinical development organizations as well as the largely underserved mid-market sponsors and regional CROs,” said Tarek Sherif, chairman and chief executive officer, Medidata Solutions. “The company’s innovative offering strategically enhances our comprehensive SaaS platform, providing further opportunities for our customers to optimize key clinical, financial and operational processes, accelerate time to value and lower clinical development costs.”

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