Dendrite Completes Strategic Acquisition of Medical Data Management -MDM-.Business Editors MORRISTOWN, N.J.--(BUSINESS WIRE)--April 7, 2004 Creates the Preeminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae Supplier of Pharmaceutical Sales and Marketing Solutions in Central and Eastern Europe The term "Central and Eastern Europe" came into wide spread use, replacing "Eastern bloc", to describe former Communist countries in Europe, after the collapse of the Iron Curtain in 1989/90. Dendrite dendrite: see nervous system; synapse. International, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : DRTE DRTE Defence Research Telecommunications Establishment ) today announced the completion of its strategic acquisition of Medical Data Management (MDM (Modular Digital Multitrack) An audio recorder that mixes and records multiple tracks of digital audio. The two major MDM technologies are ADAT and DTRS. See ADAT and DTRS. ), a privately held group of companies primarily based in Warsaw Warsaw (wôr`sô), Pol. Warszawa, city (1993 est. pop. 1,655,700), capital of Poland and of Mazowieckie prov., central Poland, on both banks of the Vistula River. , Poland. MDM is the leading provider of physician databases, market research, and sales force support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to pharmaceutical companies in Poland, Hungary, Russia, and Ukraine. The acquisition creates a comprehensive solutions and services company dedicated to the rapidly growing pharmaceutical market in Central and Eastern Europe (CEE cee n. The letter c. ), and further extends Dendrite's ability to provide leading solutions that drive promotional and sales effectiveness in this increasingly strategic region. The acquisition results in a combination of Dendrite's industry-leading sales effectiveness software and service solutions and MDM's physician databases, market research, and CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. application installation and support services. Through the acquisition, Dendrite can now deliver a broader, richer array of services, combined with local market expertise and resources, and extend its reach into a number of growing markets. Pharmaceutical companies in turn can purchase their software and information-based solutions from a single source, which simplifies integration and provides a more comprehensive, cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. solution. "During the past 18 months, Dendrite and MDM have actively partnered to promote sales effectiveness solutions and support services to the pharmaceutical industry in Central and Eastern Europe, and our combined offering has been enthusiastically embraced," said Dendrite Chairman 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. John Bailye. "By acquiring MDM, we can create additional synergies and offer clients an unparalleled scope of services and depth of industry knowledge." Added Wanda Lopuch, Ph.D., President and CEO of MDM, "Pharmaceutical companies across the CEE region are increasingly looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. best-in-class solutions, combined with local support and expertise, from a single provider in order to achieve their CRM objectives. By joining forces with a global leader such as Dendrite, we can offer our growing customer base a tremendously expanded and enhanced array of sales and marketing solutions and support." Value Proposition Completed on April 6, 2004, the MDM acquisition provides a compelling value proposition that includes:
-- Advanced Sales and Marketing Services
Dendrite will blend its interactive marketing capabilities
with MDM's physician database services to provide
pharmaceutical clients with the ability to reach targeted
customers via focused messages and channels through the most
comprehensive and effective sales and marketing tools and
market intelligence. Dendrite will also further develop and
expand MDM's call center services and web portal services to
provide customers with additional services.
-- Geographical Expansion and Access to New Customers
The MDM acquisition significantly expands Dendrite's
capabilities in one of the fastest-growing pharmaceutical
markets in the world, while complementing the company's
current operations and customer base in this region. MDM
currently serves more than 80 pharmaceutical companies,
including several leading multinational clients.
-- Management and Operational Experience
With nearly 140 employees, MDM has an experienced,
knowledgeable team of professionals and senior management to
further complement Dendrite's operational leadership in
Central and Eastern Europe and provide customers with expert
guidance and support.
Dendrite indicated that MDM reported approximately $7.5 million in sales in 2003 and that the acquisition is expected to be neutral to earnings this year and accretive in 2005 and beyond. The transaction is valued at an aggregate consideration of $8 million, consisting of $5 million in cash and $3 million in stock. About Medical Data Management Medical Data Management (MDM) has been offering marketing services--including CRM programs, direct marketing, promotions, market research, and contracted sales forces--to the pharmaceutical industry in Central and Eastern Europe for more than 10 years. The company has developed registered databases of physicians and other medical professionals in Poland, Hungary, Russia, and Ukraine. For more information, visit www.mdmco.com. About Dendrite Dendrite develops and delivers solutions that increase the productivity of sales, marketing, and clinical processes for pharmaceutical and other life sciences client. For more information, visit www.dendrite.com. Note: Dendrite is a registered trademark of Dendrite International, Inc. The foregoing contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The statements may be identified by such forward-looking terminology as "expect," "believe," "may," "will," "intend," "plan," and similar statements or variations. All "outlook" information constitutes forward-looking statements. Such forward-looking statements are based on our current expectations, estimates, assumptions and projections and involve certain significant risks and uncertainties, including those which may result from our dependence on the pharmaceutical industry; dependence on major customers; economic pressures and legislative and regulatory impact on our customers; fluctuations in quarterly revenues due to lengthy sales and implementation cycles for our products; our fixed expenses in relation to fluctuating fluc·tu·ate v. fluc·tu·at·ed, fluc·tu·at·ing, fluc·tu·ates v.intr. 1. To vary irregularly. See Synonyms at swing. 2. To rise and fall in or as if in waves; undulate. v. revenues; successful and timely development and introduction of new products and versions; rapid technological changes; increased competition; international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. ; acquisitions; our ability to attract and retain key personnel; the protection of our proprietary technology; our ability to compete in the Internet-related products and services market; the continued demand for Internet-related products and services; the ability of our third party vendors to respond to technological change; our ability to maintain our relationships with third-party vendors; results from strategic relationships; risks associated with events that may affect the world economy, including terrorism, military action in the Middle East or threat of other hostilities in the Middle East, Asia and other geographical regions; catastrophic events which could negatively affect our information technology infrastructure; difficulties disposing of certain of our facilities; and unexpected changes in accounting regulations, standards or interpretations. Other important factors that should be considered are included in the Company's 10-K, 10-Qs, and other reports filed with the SEC. Actual results may differ materially. The Company assumes no obligation for updating any such forward-looking statements to reflect actual results, changes in assumptions or other changes affecting such forward-looking statements. |
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