Medidata is a company developing cloud-based solutions for clinical research. It offers Medidata Clinical Cloud platform including cloud solutions for patients engagement, clinical and operational data managemnt, clinical site management, clinical trial analytics, and other tools. The platform is designed for pharmaceutical, biotech, medical device, and diagnostics companies.

Employee Rating

4.2
TypeSubsidiary
Parent CompanyDassault Systemes
HQNew York, NY, US
Founded1999
Websitemedidata.com
Cybersecurity ratingBMore
Medidata was founded in 1999 and is headquartered in New York, NY, US
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Key People/Management at Medidata

Tarek Sherif

Tarek Sherif

Chairman & CEO
Sastry Chilukuri

Sastry Chilukuri

Co-CEO
Rama Kondru

Rama Kondru

Co-CEO, Head of R&D
Naveen Bhateja

Naveen Bhateja

EVP, Chief People Officer
Jackie Kent

Jackie Kent

EVP, Chief Customer Officer
Rick Goldstein

Rick Goldstein

EVP, General Counsel
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Medidata Office Locations

Medidata has offices in New York, Boston, Cincinnati, Davis and in 11 other locations
New York, NY, US (HQ)
350 Hudson St
Boston, MA, US
110 High St
Cincinnati, OH, US
600 Vine St #2010
Davis, CA, US
105 E St #2BDavis
Houston, TX, US
1301 Fannin St
San Francisco, CA, US
343 Sansome St, San Francisco
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Medidata Financials and Metrics

Summary Metrics

Founding Date

1999

Total Funding

$20 m

Investors

Medidata is a subsidiary of Dassault Systemes

Medidata Revenue

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View revenue for all periods
Medidata's revenue was reported to be $635.7 m in FY, 2018 which is a 16.5% increase from the previous period.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

463.4m545.5m635.7m

Revenue growth, %

18%18%17%

Cost of goods sold

112.6m126.8m159.2m

Gross profit

350.8m418.7m476.5m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

126.8m137.4m140.1m149.2m155.9m163.4m173.5m180.5m

Cost of goods sold

30.6m31.9m31.6m36.3m37.5m42.2m46.0m49.6m

Gross profit

96.2m105.5m108.5m112.9m118.4m121.2m127.5m130.9m

Gross profit Margin, %

76%77%77%76%76%74%73%73%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

93.5m237.3m105.4m

Accounts Receivable

128.5m110.7m170.7m

Prepaid Expenses

20.4m37.3m28.9m

Current Assets

518.8m637.6m462.5m
Quarterly
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

29.0m44.4m51.9m

Depreciation and Amortization

15.3m24.1m35.0m

Accounts Payable

2.8m(3.0m)3.5m

Cash From Operating Activities

88.8m121.7m89.2m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

9.5m17.8m30.6m10.3m26.9m37.6m11.1m19.0m

Depreciation and Amortization

4.5m10.1m16.9m7.8m16.2m25.3m10.5m22.2m

Accounts Payable

130.0k4.5m(3.8m)2.6m1.8m3.5m1.4m1.2m

Cash From Operating Activities

22.5m60.7m91.6m5.0m23.8m57.2m6.1m30.4m
USDFY, 2016

Revenue/Employee

325.4k

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

2 x
Show all financial metrics

Medidata Operating Metrics

FY, 2016FY, 2017FY, 2018Feb, 2022

Backlog (Multi-Year Subscription)

$745 m$1.04 b$1.17 b

Countries (Customers)

30

Enterprise Customers

8491 k1.5 k

Trademarks

12

Medidata Acquisitions / Subsidiaries

Company NameDateDeal Size
SHYFT AnalyticsJune 12, 2018
MutrusApril 17, 2017
CHITA Inc.February 01, 2017
Intelemage, LLCApril 04, 2016
Clinical ForceJune 20, 2011
Fast TrackMarch 17, 2008
Medidata Consent Services, LLC
Medidata Europe Data Services, LLC
Medidata Holdings, Inc.
Medidata Information Technology (Shanghai) Co., Ltd.
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Medidata Revenue Breakdown

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Medidata revenue breakdown by business segment: 15.7% from Professional Services and 84.3% from Subscription

Medidata revenue breakdown by geographic segment: 14.1% from Europe, Middle East and Africa, 6.0% from Japan, 74.9% from United States and 5.0% from Other

Medidata Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Medidata Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Medidata Online and Social Media Presence

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Medidata News and Updates

Celsion and Medidata to Present Findings on Use of Synthetic Control Arm to Estimate Treatment Effect in Ovarian Cancer Trial

Phase Ib dose-escalating OVATION I Study with GEN-1 in advanced ovarian cancer patients to be presented at 2022 AACR Annual Meeting being held April 8-13 in New Orleans, LA

Plus Therapeutics and Medidata Announce Expanded Clinical Trial Partnership

Companies collaborate to design innovative registrational trial of 186RNL for recurrent glioblastoma

Plus Therapeutics Partners with Medidata to Apply Innovative Synthetic Control ArmⓇ Solution to Accelerate Brain Cancer Clinical Trial

Initial plan to evaluate project feasibility, may lead to expanded partnership for clinical and regulatory implementation Initial plan to evaluate project feasibility, may lead to expanded partnership for clinical and regulatory implementation

Global ePRO, E-Patient Diaries and eCOA Market Report 2021-2026 Featuring Anju Software, ArisGlobal, ERT Clinical, ICON, Kayentis, Medidata Solutions, Mednet, & Signant Health

Dublin, Feb. 08, 2022 (GLOBE NEWSWIRE) -- The "ePRO, E-Patient Diaries and eCOA - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Global ePRO, E-Patient Diaries and eCOA Market to Reach US$2.8 Billion by the Year 2026

TFS HealthScience has been accredited in Medidata Rave RTSM to conduct randomization and drug trial supply management services

STOCKHOLM, July 26, 2021 /PRNewswire/ -- This accreditation enables TFS to address complex requirements characteristic of the current clinical research environment. Flexible approach and quick implementation of change helps us reach our clinical trial goals. As Medidata partner we are...

Insight Clinical Consulting Becomes a Medidata Rave EDC Accredited Partner

SAN DIEGO, April 6, 2021 /PRNewswire/ -- Insight Clinical Consulting has achieved accreditation for Rave EDC, joining Medidata's industry-leading partner program to further advance its technical and operational performance. Rave EDC (electronic data capture) is an advanced and robust...
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Medidata Blogs

Join us on The Road to NEXT 2021

Reading Time: 3 minutes This post was guest authored by Dave McKie, vice president, marketing | Medidata Solutions, a Dassault Systèmes company  By any measure, 2020 was a year to remember. For those of us in life sciences, 2020 was an opportunity to discover treatments for the COVID-19 pandemic. A…

Meet a Medidatian: Johnny L., Senior Test Engineer II and Marathon Runner

Reading Time: 3 minutes Meet Johnny, whose role as a test engineer is to help our platform teams improve the quality and reliability of our applications. And also to collaborate with all our team members and work together to improve our platform. Hometown: I was born and raised in New York City. Cu…

Adapting to Virtual Clinical Trials with Technology | Medidata Blog

Reading Time: 2 minutes How CROs Adapt to Sponsors’ Desired Levels of Virtual Clinical Trials Sponsors depend on CROs to adapt—biopharmas outsource roughly 50% to CROs, and that percentage continues to grow each year. CROs who quickly adapt to virtualization gain an edge to compete and outperform, …

Virtual Clinical Trial Oversight and Remote Monitoring| Medidata Blog

Reading Time: 3 minutes Be A Site Enabler Through Virtual Clinical Trial Oversight and Remote Monitoring Faced with heightened challenges due to the pandemic, CROs have to navigate across the recovery of significantly impacted trials, the rapid launch of new studies, and the adoption of new technol…

Powering Patient Enrollment and Retention in Virtual Clinical Trials| Medidata Blog

Reading Time: 2 minutes How CROs Can Power Patient Enrollment and Retention In Virtual Trials COVID-19 has caused CROs and sites to experience profound disruptions in patient enrollment and retention.To encourage participation, reduce burden, and decrease dropout rate, CROs must deliver the technol…

How CRO’s Can Use a Unified Platform for Virtual Clinical Trials | Medidata Blog

Reading Time: 2 minutes How CRO’s Can Use a Unified Platform for Virtual Clinical Trials Adaptive speed is an essential ingredient for optimal performance, growth, and transformation in times of unprecedented change. When investing in technology to support virtualization, a myriad of cloud technolo…
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Medidata Frequently Asked Questions

  • When was Medidata founded?

    Medidata was founded in 1999.

  • Who are Medidata key executives?

    Medidata's key executives are Tarek Sherif, Sastry Chilukuri and Rama Kondru.

  • How many employees does Medidata have?

    Medidata has 2,702 employees.

  • What is Medidata revenue?

    Latest Medidata annual revenue is $635.7 m.

  • What is Medidata revenue per employee?

    Latest Medidata revenue per employee is $235.3 k.

  • Who are Medidata competitors?

    Competitors of Medidata include Document Storage Systems (DSS), DrugDev and CNSI.

  • Where is Medidata headquarters?

    Medidata headquarters is located at 350 Hudson St, New York.

  • Where are Medidata offices?

    Medidata has offices in New York, Boston, Cincinnati, Davis and in 11 other locations.

  • How many offices does Medidata have?

    Medidata has 15 offices.