Medidata Solutions Success Story

Name : Medidata Solutions
Founded : 1999
Founder : Glen de Vries,
Edward Ikeguchi,
MD Tarek Sherif
CEO : Tarek Sherif
Industry : Technology
Sector : Public
Country : USA
Website : https://www.mdsol.com/

A brief profile

medidata solutions founder glen de vries

Medidata Solutions is a US based multi-national, which specializes in the development and marketing of cloud computing solutions for the clinical development process. It carries out study design, trail planning and management, randomization, monitoring, electronic data capture and a host of other activities related to patient clinical data. Headquartered in New York, United States, Medidata Solutions has nine offices with locations as diverse as United States, United Kingdom, Japan and China. Currently it has staff strength of 1200-plus people worldwide.

Operations

medidata ceo tarek sherif

Medidata Solutions offers a host of solutions for Pharmaceutical, Biotechnology, Medical device and Diagnostic companies. It also caters to Academic and Governmental institutions and Contract research organizations, which are involved in clinical trials. Its product, Rave is popular in the clinical electronic data capture market as it commands a 40% share here. The company distributes its products through its direct sales force and its relationships with CROs and other strategic channel partners.

Trajectory

medidata symposium

Medidata Solutions, a company founded in 1999, is headquartered in United States with branch offices across the world. It was the first company to introduce the first thin client and web based system independent of browser and operating system. In 2001, the Medidata Rave was introduced to cater to the pharmaceutical and medical customers. In 2007, Rave product was integrated to Fast Track’s Trail Space Designer in order to better serve the medical community. Then in 2008, the company acquired Fast Track Systems and added the Medidata designer tool, Medidata grants manager for site budgeting and benchmarking and Medidata CRO contractor for planning and managing CRO contracts. The year 2013 saw the introduction of Medidata patient cloud, which was used for the capture, and management of patient related data.

Unique features

Medidata Solutions seeks to provide the organizations involved in clinical research with innovative tools to transform the process of performing clinical trials. It strives to create technologically enabled products that work in real time without any resource or management limitations. It endeavours to use technology to speed up the process of clinical trials.

Social work

The Company strongly believes in giving back to society what it gets from it. Therefore, as a part of its corporate social responsibility, Medidata Solutions has set up the Medidata Foundation through which it strives to advance life sciences research, science and technology education and work towards community health. Considering their strategic position in the health-care industry, the company aims at impacting the society through its products.

Review

Medidata is ranked ‘number nine’ on Business Insider’s 2015 list of “25 most valuable cloud computing companies”. The company is still sticking to its co-founders’, Tarek Sherif and Glen De Vries, vision of tackling real world problems and making a difference in the lives of people worldwide. The company encourages its 1,000 strong workforce to experiment with new concepts, research new approaches and test out new technologies. Its employees are paid well, offered work from home options, job growth and an amazing work culture so much so that they feel that working at Medidata Solutions is a dream come true.

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