CDC Solutions Achieves Profitability and 56 Percent Annual Growth for 2002; CDC Closes out 2002 of with a Record Q4 and a Healthy Customer Base.Business Editors/Health, Medical & High-Tech Writers BIOWIRE2K PHILADELPHIA & CHIPPENHAM, UK--(BUSINESS WIRE)--Jan. 17, 2003 CDC See Control Data, century date change and Back Orifice. CDC - Control Data Corporation Solutions Ltd (CDC) (www.cdcsolutions.com), the acknowledged market leader in compliance-ready, document-based solutions to the life sciences industries, today announced record annual results, with an increase of 56 percent over revenues from year ended December 31, 2001. License revenues represented 72 percent and service revenues 28 percent of the total revenues for 2002. CDC made the addition of 28 new life sciences license customers in 2002, bringing CDC's total customer base to 165 companies world-wide. CDC experienced another record quarter ended December 31, 2002 with total revenues increased 50 percent over the comparable period in 2001 and a 64 percent sequential increase over quarter ended September 30, 2002. CDC also achieved its corporate objective of attaining profitability in the fourth quarter and maintains strong cash reserves Cash reserves See: Cash investments cash reserves Investment funds that are held in short-term assets such as Treasury bills and certificates of deposit until more permanent investment opportunities are available. . "We are extremely pleased that CDC has bucked market trends by achieving significant growth in the current global economy," said Philip Padfield, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CDC Solutions. "Our 2002 results are a direct result of organic growth through new client wins and current clients continuing to invest in our regulatory solutions. We are poised for further expansion in 2003 and look forward to a profitable year ahead." 2002 Highlights Global Customers CDC Solutions signed 28 new license customers in 2002. New customers included British Biotech British Biotech was a British based biotech company. British Biotechnology Limited was founded in 1986 by former G D Searle managers Keith McCullagh and Brian Richards, [1] , Ilex Oncology, Novo Nordisk Wikipedia is not the place for advertisement or self-advertising. Novo Nordisk (, NYSE: NVO) manufactures and markets pharmaceutical products and services. Founded in Denmark in 1923, the company has since become a world leader in diabetes care with the broadest , OSI Pharmaceuticals OSI Pharmaceuticals, Inc. is an American pharmaceutical company based in Long Island, New York with facilities in Colorado, New Jersey and the United Kingdom. They specialize in the discovery and development of molecular targeted therapies, and are listed in the NASDAQ , Shire Shire or Shiré (both: shē`rā), river, c.250 mi (400 km) long, flowing from the southern end of Lake Nyasa, Malawi, SE Africa, to the Zambezi River in central Mozambique. It is navigable to Nsanje. Pharmaceuticals, Smith and Nephew's Wound Management, Solvay Pharmaceuticals, Transkaryotic Therapies, and ZymoGenetics. With these additions, CDC's total life sciences customer count is now 165 world-wide. CDC also saw significant reorders from many of its existing customers including GlaxoSmithKline Consumer Healthcare, Merck Pharmaceuticals and Roche Diagnostics Roche Diagnostics Division is a subsidiary of Hoffmann-La Roche which manufactures equipment and reagents for research and medical diagnostic applications. Internally, it is organized into six major business areas: Roche Applied Science, Roche Centralized Diagnostics, Roche GMBH. Products EZsubs(R), CDC's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. is available in three tailored solutions to answer a range of electronic regulatory publishing requirements for all tiers of the life sciences industries. The demand for all three solutions was high in 2002 with 12 new EZsubs(R) Enterprise customers, 5 new EZsubs(R) Compliance customers and 4 new EZsubs(R) Team customers. Alliances In the year 2002, CDC enhanced its alliance efforts by expanding the roles of key allinaces and adding new certified partners to support its technology and service offerings. Highlights included: -- Computer Sciences Corporation (CSC) signs a global alliance agreement and now resells EZsubs(R) and PDFaqua. -- First Consulting Group (FCG) expands its role as a CDC certified partner and offers EZsubs(R) and PDFaqua as part of its FirstDoc(R) offerings. -- CDC strengthens long term partnership with Documentum(R). -- CDC Solutions works with Fujitsu Limited and IBM Business Consulting Services to support sales and marketing in Japan. -- CDC and Document Control Systems partner to offer a complete document management and publishing solution with the integration of MasterControl and EZsubs(R) Team. About CDC Solutions Ltd. Founded in 1994, CDC Solutions (CDC) is the acknowledged market leader in compliance-ready, document-based solutions to the life sciences industries. Our offerings help clients achieve compliance and accuracy as they deliver mission-critical regulatory reports and submissions. CDC's flagship offerings, including the EZsubs(R) publishing suites and PDFaqua, which enable small and large pharmaceutical, biotechnology and medical device companies gain process efficiencies and decrease time to market while meeting the strict standards of regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities around the world. For more information, call +44 1249 705300 (United Kingdom) or +1 610.834.9021 (CDC Solutions Inc., North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ), or visit the CDC Solutions website at www.cdcsolutions.com. CDC Solutions, EZsubs, PDFfusion, PDFrender, PDFaqua, PDFcontrol, Xtensia, Xssembler, and Xport are trademarks or registered trademarks, service marks or registered service marks of CDC Solutions Ltd. All other product and company names mentioned herein may be trademarks of their respective holders. |
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