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, US
Founded1999
Websitemedidata.com
Cybersecurity ratingCMore
Medidata was founded in 1999 and is headquartered in New York, 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, US (HQ)
350 Hudson St
Boston, US
110 High St
Cincinnati, US
600 Vine St #2010
Davis, US
105 E St #2BDavis
Houston, US
1301 Fannin St
San Francisco, 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 $635.70 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

849 1 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

SecurityScorecard logo

Medidata Online and Social Media Presence

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Medidata News and Updates

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 

Dow Jones Newswires: 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.

Dassault Systèmes announces extension of CFIUS review process for planned acquisition of Medidata

Dassault Systèmes announces extension of CFIUS review process for planned acquisition of Medidata

Medidata acquired by Dassault Systèmes for $5.8 billion

Medidata’s cloud-based services help with the development of therapeutic innovations and clinical operations performance for pharmaceutical companies, biotechnology firms and others.

Dassault Systemes buys clinical trials software provider Medidata for $5.8B

French technology giant Dassault Systemes SE says its agreed a deal to acquire U.S. life sciences firm Medidata Solutions Inc. in an all-cash deal valued at $5.8 billion. The company said it wants to expand its presence in a life sciences market that was worth $8.2 billion in 2016 and is expected t…
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Medidata Blogs

A Transformative Growth Model for CROs

Reading Time: 2 minutes Contract research organizations (CROs) operate in a growing and increasingly competitive landscape. According to a report from Clearwater International, the global CRO market is expected to exceed $45 billion by 2022, with annual growth accelerating to 12%, and CROs accounti…

Natural History Studies: Harnessing the Power of Virtual Chart Reviews

Reading Time: 2 minutes Clinical chart reviews are an essential step in understanding the natural history of the disease to guide clinical development. However, traditional chart reviews are arduous and often take up to 18 months. They require mining through swaths of often missing and incomplete d…

Meet a Medidatian: Vincent A., Senior Database Engineer and Proud Ghanaian

Reading Time: 2 minutes Meet Vincent, who works on the MnM team in service delivery. He has a multitasking role of data architecture, data engineering, and database administration for applications his team develops and supports.  Hometown: Avata, Volta Region, Ghana.  Currently live: Katy, Texas. Y…

Acorn AI’s Commercial Data Model: How the Strength of Experience (and the Right Technology) Can Impact Your First Drug Launch

Reading Time: 2 minutes Lots of companies build analytics platforms. It’s a growth industry over the past few decades. Some companies are generalists, working across many categories by solving a couple basic data problems. Others are bespoke, offering consultants who come in with very specific task…

Meet a Medidatian: Kim R., Senior Manager, Contracts and Beachgoer

Reading Time: 3 minutes Meet Kim, who manages the contracts team in sales operations. She supports the sales organization by drafting and finalizing all sales order contracts detailing the Medidata services being provided to our clients (sponsors, partners/CROs, and academic institutions).  Hometow…

How R&D for Rare Disease Therapies Can Be Improved

Reading Time: 3 minutes Worldwide, there are more than 7,000 rare diseases that have been identified. Globally, more than 400 million people are affected, and in the US, between 25 and 30 million are living with a rare disease or some aspect of it. Yet, there are treatments for only about 5% of the…
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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 2,379 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 $267.2 k.

  • Who are Medidata competitors?

    Competitors of Medidata include Sharecare, Cerner and Veeva Systems.

  • 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.