CDC Solutions Continues Global Expansion and Steady Growth with New Customers and Increased Presence in Key Market Sectors.Business Editors/Health/Medical Writers PHILADELPHIA & CHIPPENHAM, UK--(BUSINESS WIRE)--July 25, 2003 CDC's successful software division is now complimented by client-focused services to ensure growth now and in the future 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 in the life sciences industries, today announced continued growth for quarter ended June 30, 2003 with a 20 percent increase in revenues over the same period last year and a 19 percent sequential increase over quarter ended March 31, 2003. Software license revenues represent 64 percent and service revenues represent 36 percent of the total revenues for Q2. As CDC's customer base continues to grow, so too does its expert sales, regulatory and technical teams in order to accommodate the demand for software and services in key locations. In addition to existing customers continuing to invest, CDC secured eight life sciences companies as new customers in Q2. Among these notable new wins are global corporate contracts from Bayer AG Bayer AG German chemical and pharmaceutical company. Founded in 1863 by Friedrich Bayer (1825–1880), it now operates plants in more than 30 countries. Bayer has originated scores of pharmaceuticals, chemicals, and synthetic materials; it was the first developer and and Daiichi Pharmaceutical Co., Ltd. These contracts are another example of how the market is driving CDC's leading position as the vendor of choice for electronic regulatory submissions. "As a company we have spent a great deal of effort tailoring our services and solutions to meet the demands of international companies that need to compile To translate a program written in a high-level programming language into machine language. See compiler. and publish mission-critical regulatory documentation," 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. at CDC Solutions. "I am extremely pleased at our continued growth and with the healthy split of our software license and service revenue. We had some strategic wins in Q2, which we attribute to mature product, outstanding services and our dedication to our client base," added Philip. In the first quarter of 2003, CDC's Global Customer Service (GCS GCS Glasgow Coma Scale GCS Guilford County Schools (North Carolina) GCS Ground Control Station GCS Grand Central Station GCS Ground Control System GCS Ground Combat Systems GCS Group Communication Systems ) division announced the launch of EZsubs(R) Express and the opening of the new state-of-the-art publishing centers in the US and UK. EZsubs Express combines software and services to provide a complete and customized package for clients who want to outsource entire submissions or who wish to bring all of the tools, including staff and services, in-house to complete the project. In Q2 CDC's GCS group successfully completed a full outsource submission to the FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. . To help support this area of growth, CDC has expanded the services division by adding regulatory GCS staff to the West coast, USA office. Philip continued, "We are so pleased to have successfully completed our first submission within the EZsubs Express offering. Our staff is made up of experienced publishers and regulatory experts originating from major life sciences companies. It was gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to see how efficiently our strengths came together in support of client needs. We look forward to completing the new business coming our way in Q3 and Q4." At the end of June, CDC released the newest version of its 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. , EZsubs 5.4, a premier choice for international companies wanting to submit to the global regulatory agencies regulatory agency Independent government commission charged by the legislature with setting and enforcing standards for specific industries in the private sector. The concept was invented by the U.S. around the world. The redesigned foundation of EZsubs is now Unicode based providing support for multi-byte character sets used in languages such as Japanese, Chinese and Korean. CDC Solutions expansion into Japan in mid-2002 was prompted by Japanese life sciences companies fast becoming global players targeting the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and European markets. EZsubs provides Japanese customers with the ability to compile and publish submissions in both Japanese and English and also gives Japanese clients the ability to create an eCTD entirely in Japanese. CDC has opened a Tokyo office and has hired Japanese nationals as part of the sales and pre-sales teams. 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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