REDWOOD CITY, Calif.,, March 6, 2014 (GLOBE NEWSWIRE) -- Informatica Corporation (Nasdaq:INFA), the world's number one independent provider of data integration software, today announced that ICON plc is improving the company's clinical trials and development process with Informatica. By standardizing on a best-in-class, multidomain Informatica MDM solution, this global provider of outsourced development services to the pharmaceutical, biotechnology and medical device industries is creating a consolidated and reliable view of business-critical data -- such as investigators and sites -- and the relationships between the data. This strategy is unleashing the potential of ICON's data: unlocking faster, better-informed decisions, including clinical trial planning, trial execution services and improved reporting.
Commenting on the Informatica MDM deployment, Andrew Thompson, vice president of technology, ICON, said, "Our business is all about data. Informatica unlocks the potential of ICON's data, delivering 360-degree insights into, study and site related program activities. This enables the company to continuously monitor the clinical trials process, optimize operations based on real-time alerts and data insights and mitigate risk. The ultimate outcome is increased productivity."
ICON is one of a small group of organizations with the scale, range of services and expertise to conduct clinical trials globally. Some trials have several hundred patients, some have several thousand and the trials can run for many years.
Informatica MDM helps ICON realize the potential of data with a consolidated view of investigators and sites across the end-to-end clinical trials management spectrum. Now with a single view of an investigator, ICON has a much improved performance analysis capability. Improvement in future study initiation has followed so that ICON delivers greater excellence in execution.
At the same time, the multidomain solution enables the company to track site enrollment and performance more effectively and highlight non-performing sites earlier. This helps ensure only high performance sites participate in clinical trials.
ICON chose Informatica following a rigorous selection process. The company concluded that Informatica MDM offers the broadest range of capabilities, including deep penetration into the Life Sciences market; Pharma and Life Sciences domain support and interoperability. Moreover, Informatica offers leading history, hierarchy and relationship management competences, together with powerful support for data governance and data stewardship.
Dennis Moore, senior vice president and general manager of MDM at Informatica says, "In today's hyper-competitive and rapidly evolving healthcare market, accurate information and effective drug discovery and clinical trials are the lifeblood of life sciences companies. To succeed, life sciences organizations need an enterprise view of compound research across current and previous trials. Informatica MDM delivers that single, 360-degree view of the clinical trials program, enabling companies like ICON to increase efficiency and reduce costs."
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About ICON plc
ICON plc is a global provider of outsourced development services to the pharmaceutical, biotechnology and medical device industries. The company specializes in the strategic development, management and analysis of programs that support clinical development -- from compound selection to Phase I-IV clinical studies. ICON currently has over 10.300 employees, operating from 77 locations in 38 countries. For more information, visit www.iconplc.com
Informatica Corporation (Nasdaq:INFA) is the world's number one independent provider of data integration software. Organizations around the world rely on Informatica to realize their information potential and drive top business imperatives. Informatica Vibe, the industry's first and only embeddable virtual data machine (VDM), powers the unique "Map Once. Deploy Anywhere." capabilities of the Informatica Platform. Worldwide, over 5,000 enterprises depend on Informatica to fully leverage their information assets from devices to mobile to social to big data residing on-premise, in the Cloud and across social networks. For more information, call +1 650-385-5000 (1-800-653-3871 in the U.S.), or visit www.informatica.com. Connect with Informatica at http://www.facebook.com/InformaticaCorporation, http://www.linkedin.com/company/informatica and http://twitter.com/InformaticaCorp.
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