Segment & Geographic Data
Quant-Grade Normalized (live API)
API & CSV Delivery
Medidata Solutions Inc's Business Segments
Medidata Solutions Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
-
Largest Segment
-
Total Revenue
$ 180
Regions Reported
3
Medidata Solutions Inc does not report a distinct business-segment axis in its filings - its disaggregated revenue is disclosed by product and service category instead. See the Product & Service breakdown below.
Revenue Share by Region - FY
- EMEA14.8%
- Asia Pacific Excluding Japan5.1%
- Restof Americas1.1%
Revenue by Geographic Region - FY
| Region | Revenue (Millions) | % of Total |
|---|---|---|
| EMEA | $ 27 | 14.8% |
| Asia Pacific Excluding Japan | $ 9 | 5.1% |
| Restof Americas | $ 2 | 1.1% |
Revenue by Product & Service Category - FY
- Subscription and Circulation83.1%
- Service16.9%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Subscription and Circulation | $ 150 | 83.1% |
| Service | $ 30 | 16.9% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Medidata Solutions Inc
Medidata Solutions Inc. is a software and technology company that provides cloud-based solutions for clinical research and development in the pharmaceutical, biotech, and medical device industries. The company was founded in 1999 by Glen de Vries and Tarek Sherif and is headquartered in New York City, with additional offices in Europe, Asia, and South America.
Medidata provides a range of products and services to its clients for clinical trial management, data capture and management, patient engagement, and analytics. Their platform, known as the Medidata Clinical Cloud, is an end-to-end solution that covers the entire clinical trial process from protocol design to regulatory submission. The Cloud includes various applications, such as Medidata Rave EDC, Medidata Balance, Medidata Edge, Medidata Sensor Cloud and more.
One of the company's core products is Medidata Rave, an electronic data capture (EDC) system that allows researchers to capture, store, and analyze clinical trial data. Another key offering is the Medidata Balance platform, which is an advanced randomization and trial supply management system. The company also offers Medidata Edge, a comprehensive platform that provides trial management and oversight, monitoring and data review, and centralized monitoring and site performance metrics.
Medidata Solutions Inc. has gained significant recognition within the industry for its innovative technology and solutions. The company has won numerous awards for its services and products, including the 2019 Scrip Awards for “Best Clinical Trial Technology Solution” and the 2019 Clinical Informatics News Best Practices Award for “Best AI/ Machine Learning Solution.” They were also named the 2020 ISO Quality Management System Standard.
Medidata Solutions Inc. has a broad customer base, including pharmaceutical companies, biotech companies, contract research organizations (CROs), and academic medical centers. The company has partnered with several leading organizations in the industry, including Merck, Pfizer, and Bristol Myers Squibb, among others. Additionally, the company has significant investments in data privacy and security to comply with regulations governing the utilization of clinical data.
Overall, Medidata Solutions Inc. is a leading provider of innovative cloud-based solutions for clinical research and development. Their technology has revolutionized the clinical trial industry by providing solutions that assist with clinical trial design, patient engagement, data management, and analysis, resulting in greater efficiency, reliability, and accuracy in clinical trials.
Medidata provides a range of products and services to its clients for clinical trial management, data capture and management, patient engagement, and analytics. Their platform, known as the Medidata Clinical Cloud, is an end-to-end solution that covers the entire clinical trial process from protocol design to regulatory submission. The Cloud includes various applications, such as Medidata Rave EDC, Medidata Balance, Medidata Edge, Medidata Sensor Cloud and more.
One of the company's core products is Medidata Rave, an electronic data capture (EDC) system that allows researchers to capture, store, and analyze clinical trial data. Another key offering is the Medidata Balance platform, which is an advanced randomization and trial supply management system. The company also offers Medidata Edge, a comprehensive platform that provides trial management and oversight, monitoring and data review, and centralized monitoring and site performance metrics.
Medidata Solutions Inc. has gained significant recognition within the industry for its innovative technology and solutions. The company has won numerous awards for its services and products, including the 2019 Scrip Awards for “Best Clinical Trial Technology Solution” and the 2019 Clinical Informatics News Best Practices Award for “Best AI/ Machine Learning Solution.” They were also named the 2020 ISO Quality Management System Standard.
Medidata Solutions Inc. has a broad customer base, including pharmaceutical companies, biotech companies, contract research organizations (CROs), and academic medical centers. The company has partnered with several leading organizations in the industry, including Merck, Pfizer, and Bristol Myers Squibb, among others. Additionally, the company has significant investments in data privacy and security to comply with regulations governing the utilization of clinical data.
Overall, Medidata Solutions Inc. is a leading provider of innovative cloud-based solutions for clinical research and development. Their technology has revolutionized the clinical trial industry by providing solutions that assist with clinical trial design, patient engagement, data management, and analysis, resulting in greater efficiency, reliability, and accuracy in clinical trials.
Medidata Solutions Inc. stands as a premier provider of cloud-based solutions tailored for the life sciences sector, particularly in the realm of clinical research. The company has structured its offerings into several key segments and has developed a rich portfolio of products and services, all designed to enhance the management and execution of clinical trials.
Segments
1. Clinical Cloud: At the core of Medidatas offerings is the Clinical Cloud, a comprehensive and integrated technology platform designed to streamline the collection, management, and analysis of clinical trial data. This platform supports the entire clinical trial lifecycle and integrates various functionalities such as data capture, analytics, and compliance management. The Medidata Rave platform is a significant component of this segment, acting as a leading clinical data management system that has been adopted by numerous clinical trials globally.
2. Acorn AI: Acorn AI operates as a subsidiary of Medidata Solutions, focusing on harnessing artificial intelligence (AI) and machine learning (ML) capabilities. The primary goal of Acorn AI is to elevate the efficiency of clinical development workflows, offering tools that empower pharmaceutical companies with predictive analytics, data insights, and operational optimization strategies.
Products
1. Medidata Rave: Medidata Rave is a pivotal cloud-based platform that simplifies the data handling process throughout clinical trials. It boasts built-in mechanisms for data quality checks, real-time monitoring capabilities, and essential functionalities for clinical safety management. As a result, it has become the preferred choice for many leading pharmaceutical organizations looking to ensure robust data integrity and streamlined operational workflows.
2. Medidata CTMS (Clinical Trial Management System): This comprehensive solution aids clinical research professionals in managing various aspects of their study operations. Medidata CTMS features tools for project and site management, as well as site monitoring, thereby providing sponsors with a holistic view of their clinical trials. This functionality encourages efficient oversight, timely decision-making, and effective resource allocation.
3. Medidata Patient Cloud: The Patient Cloud represents a significant advancement in patient engagement. This mobile-friendly platform bridges the gap between patients and clinical trials, ensuring that patients are well-informed and involved in their trial participation. Key features of the Patient Cloud include electronic consent (e-consent), electronic patient-reported outcomes (ePRO), and site communication tools, all aimed at enhancing the patient experience.
Services
1. Clinical Consulting Services: Medidata’s clinical consulting services are designed to assist clients in navigating the complexities of clinical trial management. These services encompass protocol development, data standards mapping, clinical monitoring, and risk-based monitoring services. Tailored to specific client challenges, these consulting offerings empower organizations to streamline their processes and improve trial outcomes.
2. Migration Services: Migration services offered by Medidata facilitate a smooth transition for clients moving from their existing systems to the Medidata platform. This process ensures that data integrity is preserved during the transition, addressing potential risks and challenges proactively. The emphasis is on creating a seamless experience that minimizes disruption while maximizing data fidelity.
3. Training and Support: To ensure that clients derive maximum value from their Medidata solutions, the company provides extensive training and support. This includes product-specific training sessions, on-demand support, and technical consulting designed to enhance user proficiency and system utilization. By investing in client education, Medidata ensures that organizations are fully equipped to leverage their platforms efficiently.
Summary
Medidata Solutions Inc. offers an expansive suite of products and services meticulously designed to empower pharmaceutical and life sciences companies in optimizing their clinical trial management processes. The company’s offerings are recognized for their ability to capture, manage, and analyze clinical data effectively, enabling clients to reduce risks, enhance operational efficiency, and achieve timely results. Through its innovative technology and expert consulting services, Medidata continues to lead the charge in transforming the landscape of clinical research.
Segments
1. Clinical Cloud: At the core of Medidatas offerings is the Clinical Cloud, a comprehensive and integrated technology platform designed to streamline the collection, management, and analysis of clinical trial data. This platform supports the entire clinical trial lifecycle and integrates various functionalities such as data capture, analytics, and compliance management. The Medidata Rave platform is a significant component of this segment, acting as a leading clinical data management system that has been adopted by numerous clinical trials globally.
2. Acorn AI: Acorn AI operates as a subsidiary of Medidata Solutions, focusing on harnessing artificial intelligence (AI) and machine learning (ML) capabilities. The primary goal of Acorn AI is to elevate the efficiency of clinical development workflows, offering tools that empower pharmaceutical companies with predictive analytics, data insights, and operational optimization strategies.
Products
1. Medidata Rave: Medidata Rave is a pivotal cloud-based platform that simplifies the data handling process throughout clinical trials. It boasts built-in mechanisms for data quality checks, real-time monitoring capabilities, and essential functionalities for clinical safety management. As a result, it has become the preferred choice for many leading pharmaceutical organizations looking to ensure robust data integrity and streamlined operational workflows.
2. Medidata CTMS (Clinical Trial Management System): This comprehensive solution aids clinical research professionals in managing various aspects of their study operations. Medidata CTMS features tools for project and site management, as well as site monitoring, thereby providing sponsors with a holistic view of their clinical trials. This functionality encourages efficient oversight, timely decision-making, and effective resource allocation.
3. Medidata Patient Cloud: The Patient Cloud represents a significant advancement in patient engagement. This mobile-friendly platform bridges the gap between patients and clinical trials, ensuring that patients are well-informed and involved in their trial participation. Key features of the Patient Cloud include electronic consent (e-consent), electronic patient-reported outcomes (ePRO), and site communication tools, all aimed at enhancing the patient experience.
Services
1. Clinical Consulting Services: Medidata’s clinical consulting services are designed to assist clients in navigating the complexities of clinical trial management. These services encompass protocol development, data standards mapping, clinical monitoring, and risk-based monitoring services. Tailored to specific client challenges, these consulting offerings empower organizations to streamline their processes and improve trial outcomes.
2. Migration Services: Migration services offered by Medidata facilitate a smooth transition for clients moving from their existing systems to the Medidata platform. This process ensures that data integrity is preserved during the transition, addressing potential risks and challenges proactively. The emphasis is on creating a seamless experience that minimizes disruption while maximizing data fidelity.
3. Training and Support: To ensure that clients derive maximum value from their Medidata solutions, the company provides extensive training and support. This includes product-specific training sessions, on-demand support, and technical consulting designed to enhance user proficiency and system utilization. By investing in client education, Medidata ensures that organizations are fully equipped to leverage their platforms efficiently.
Summary
Medidata Solutions Inc. offers an expansive suite of products and services meticulously designed to empower pharmaceutical and life sciences companies in optimizing their clinical trial management processes. The company’s offerings are recognized for their ability to capture, manage, and analyze clinical data effectively, enabling clients to reduce risks, enhance operational efficiency, and achieve timely results. Through its innovative technology and expert consulting services, Medidata continues to lead the charge in transforming the landscape of clinical research.