Medidata is a company developing digital transformation solutions for clinical development, commercial, and real-world data. It offers Medidata Rave Clinical Cloud, a platform that optimizes operational execution, decreases the data entry and maintenance burden as well as reduces the number of clinical systems across study teams. The platform aims to help pharmaceutical, biotech, medical device companies, and academic researchers minimize risk and optimize outcomes.

Employee Rating

4.2More
TypeSubsidiary
Parent CompanyDassault Systemes
HQNew York, NY, US
Founded1999
Websitemedidata.com
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

Co-Founder, Co-CEO
Glen de Vries

Glen de Vries

Co-Founder, Co-CEO
Rouven Bergmann

Rouven Bergmann

EVP, COO, CFO
Arnaub Chatterjee

Arnaub Chatterjee

Senior Vice President - Product, Acorn AI
Fareed Melhem

Fareed Melhem

SVP, Acorn AI Labs
Naveen Bhateja

Naveen Bhateja

EVP, Chief People Officer
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Medidata Office Locations

Medidata has offices in New York, Boston, Cincinnati, Davis and in 9 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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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
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Medidata Operating Metrics

FY, 2016FY, 2017FY, 2018

Backlog (Multi-Year Subscription)

$745 m$1.04 b$1.17 b

Countries (Customers)

30

Countries (Offices)

7

Enterprise Customers

8491 k
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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: 84.3% from Subscription and 15.7% from Professional Services

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 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

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...

Dassault Systèmes: Horizon Therapeutics plc Expands Medidata Partnership to Further Enhance Clinical Trial Efficiencies and Outcomes

New agreement builds on previous success in speeding study start-up and completion

HealthVerity and Medidata Announce Strategic Partnership to Advance Real World Evidence During and After Clinical Trials

PHILADELPHIA, Nov. 20, 2020 /PRNewswire/ -- HealthVerity, the leader in privacy-protected data exchange, today announced a strategic collaboration with Medidata, a Dassault Systèmes company, the global leader in creating end-to-end solutions to support the entire clinical development...

Dassault Systèmes: Medidata Supports Moderna's COVID-19 Vaccine Clinical Trials with Rave Clinical Cloud Platform

Medidata Supports Moderna’s COVID-19 Vaccine Clinical Trials with Rave Clinical Cloud Platform 

Dassault Systemes gets U.S. clearance for Medidata buy as it sets new targets

The French software maker said the CFIUS clearance was one of the final conditions for the merger, which should be completed in the coming days.
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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, Glen de Vries and Rouven Bergmann.

  • How many employees does Medidata have?

    Medidata has 2,464 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 $258 k.

  • Who are Medidata competitors?

    Competitors of Medidata include Phlexglobal, BioClinica and Sharecare.

  • 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 9 other locations.

  • How many offices does Medidata have?

    Medidata has 20 offices.