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StudyManager Realizing Strong Sales Performance in 2011 YTD Revenue Through August 2011 Exceeds Entire 2010 Sales


8/29/2011 3:24:27 PM

Seattle, WA – August 29, 2011 – StudyManager, a leading provider of clinical trial management software (CTMS) and electronic data capture (EDC) solutions, today announced significant increase in revenue associated with strong demand for the company’s Reveal and Evolve product lines. Year-to-date sales through August 2011 recently exceeded total sales revenue for 2010.

Through August 2011, sales growth by category:

- For Evolve, the company’s CTMS and EDC system for the biopharma and CRO market, product sales have increased more than 500% over the same period last year.

- For Reveal, StudyManager’s CTMS for research sites, academic medical centers, and hospitals, product sales are up 32% over the same period last year.

- Sales of StudyManager services, including consulting, training, study protocol entry, and e-CRF design is also strong.

Key factors influencing the uptick in sales revenue include increased pressure within Life Sciences to reduce technology costs associated with eClinical solutions, groundbreaking advances in StudyManager’s products, growing market demand for eClinical solutions that are less cumbersome to implement, and increased awareness of StudyManager products among clinical trial sponsors and CROs.

"2011 has been somewhat of a watershed event for our company,” said Bruce Schatzman, CEO of StudyManager. “Not only has the growth been beyond our expectations, it has sustained itself and helps set the stage for breakout growth in the future.”

About StudyManager

StudyManager (also known as Advanced Clinical Software) is a privately held company focused exclusively on developing solutions for the clinical trial industry. Reveal Site CTMS combines power and ease-of-use to reduce data-entry time, empower research staff, and deliver critical recruitment and financial business results. Evolve helps Sponsors and CROs accelerate clinical trial startup, reduce study costs and boost productivity by providing more intuitive CTMS and EDC features. Their feature-rich software, backed by the most experienced team in the industry, ensures the highest level of customer satisfaction and clinical trial success.

Contact:

Alec Fishburne

VP, Operations | StudyManager

206.957.7450 | alec@studymanager.com



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