CLEVELAND, Nov. 5, 2014 /PRNewswire/
-- DATATRAK International, Inc. (OTCQX: DTRK),
the leader in developing cloud-based, unified
eClinical® technologies for the clinical trials
industry, today announced NTT DATA has entered into a multi-million
dollar, multi-year global Technology Transfer and Services
Agreement. In consideration for the agreement, DATATRAK will
receive a substantial upfront cash payment.
"Our partnership with NTT DATA continues to evolve and
strengthen," said Laurence P. Birch,
Chairman and CEO, DATATRAK. "This agreement builds on
NTT DATA's expansive infrastructure creating a truly global
offering. Together, we will be conducting trials in 67 countries
with an operational presence in over 40 countries – truly
globalizing the DATATRAK ONE® brand and giving us
scale and capabilities unmatched by any other vendor in this
industry solely focused on eClinical data management."
"NTT DATA anticipates great success due to our expanded
partnership with DATATRAK," said Taketo Hashiguchi, VP and Head of Healthcare IT
Division, NTT DATA. "We have seen continued growth in demand
for DATATRAK solutions across all trial phases and
countries. Our expanded partnership allows us to bring the time and
cost savings of DATATRAK ONE® Unified Experience™ eClinical
solutions to sponsors and CROs around the world."
Birch concluded, "The terms of this agreement significantly
increase our cash position allowing us to expedite our strategic
plans and immediately increase our investments in research and
development, sales and marketing initiatives and intellectual
property protection, all on a non-dilutive basis to our
shareholders. For our customers around the world, our investors,
our Company and NTT DATA, this is a phenomenal opportunity."
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About
DATATRAK International,
Inc.
DATATRAK International is a worldwide
technology and services company delivering unified
eClinical® solutions and related services for the
clinical trials industry. DATATRAK built its
multi-component, comprehensive solution on a single, unified
platform and expanded this concept to include services delivery via
DATATRAK's Clinical and Consulting Services group.
The Company delivers a complete portfolio of software products
designed to accelerate the reporting of clinical research data from
sites to sponsors and ultimately regulatory authorities, faster and
more efficiently than loosely integrated technologies. The
DATATRAK ONE® software solution, deployed
worldwide through an ASP or Enterprise Transfer offering, supports
Preclinical and Phase I - Phase IV drug and device studies in
multiple languages throughout the world. DATATRAK is
located in Cleveland, Ohio;
Bryan, Texas; Cary (RTP),
North Carolina and London, England. For more information,
visit http://www.datatrak.com.
Except for the historical information contained in this press
release, the statements made in this release are forward-looking
statements. These forward-looking statements
are made based on management's expectations, assumptions, estimates
and current beliefs concerning the operations, future results and
prospects of the Company and are subject to uncertainties and
factors which are difficult to predict and, in many instances, are
beyond the control of the Company, and which could cause actual
results to differ materially from those contemplated in these
forward-looking statements. For a list of certain factors that may
cause actual results to differ materially from those contemplated
in these forward looking statements, please see the Company's
report filed with the OTCQX Market on August
14, 2014 announcing its results for the second quarter of
2014. The Company undertakes no obligation to update publicly or
revise any forward-looking statement whether as a result of new
information, future events or otherwise.
About NTT DATA Corporation
NTT DATA is a leading IT
services provider and global innovation partner headquartered in
Tokyo, with business operations in
over 40 countries. Our emphasis is on long-term commitment,
combining global reach with local intimacy to provide premier
professional services varying from consulting and systems
development to outsourcing. For more information, visit
www.nttdata.com.
SOURCE DATATRAK International, Inc.