Quantcast
Free Trial!
Today’s Best Stocks To Trade!  Click Here


 

Datatrak to close German office

Tuesday, June 17, 2008; Posted: 11:13 AM
Stocks RSS
7 Stocks You Need To Know For Tomorrow -- Free Newsletter
Jun 17, 2008 (Datamonitor via COMTEX) -- DTTK | Quote | Chart | News | PowerRating -- Datatrak International, a provider of solutions for the clinical trials industry, has announced that as part of its ongoing efforts to maximize operational efficiencies, the company will be closing its Bonn, Germany office.

Throughout 2007, the German office of Datatrak was mainly providing global Help Desk services in support of the Company's two existing electronic platforms for clinical trials. Help Desk services will now be provided through the company's headquarters based in Cleveland and will continue to service the global implementations of Datatrak's products. These initiatives when fully implemented will result in annual costs savings of approximately $1.1 million.

Datatrak's previous product offering of EDC-only was originally acquired from the German division of Electronic Data Systems in 1998. This legacy product necessitated more intense supervision and support which translated into a higher cost requirement.

According to the company, the newer Datatrak eClinical platform is more user-friendly, modern and intuitive which results in a diminished requirement for support, allowing for a consolidation of these services within a lower cost environment.

All of the new clinical trials being implemented by Datatrak exclusively use the new platform, while the older EDC-only product suite is planned to have its few remaining trials concluded by late 2009 or early 2010.

http://www.datamonitor.com

Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

For full details for DTTK click here.
Morning Coffee with TradingMarkets -- Free Newsletter

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Most Popular News
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2008 The Connors Group, Inc.