DATATRAK and NTT DATA Expand Strategic Partnership
Positions NTT DATA as a Global Reseller of DATATRAK ONE® Solutions
CLEVELAND, November 5 /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.
Contact: Dorothy Radke, Director Marketing, DATATRAK International, Inc.,