SOURCE: IDBS

IDBS

April 21, 2011 04:00 ET

IDBS Wins Queen's Award for International Trade 2011

The UK's Most Prestigious Business Award Granted to IDBS in Recognition of Outstanding Achievement in Growing Overseas Income

GUILDFORD, UK and BURLINGTON, MA--(Marketwire - Apr 21, 2011) - IDBS, a global provider of innovative data management, analytics and modeling solutions, announces today that it has won the Queen's Award for Enterprise 2011, in the International Trade category. This prestigious award is in recognition of IDBS' outstanding business success in growing revenues from international markets and is the third Queen's Award IDBS has won in its 21 year history.

Over the last three years, IDBS has delivered record financial performance, growing its revenues by a total of 45% with overseas revenues for the period increasing by £8m to a total of £51m. During that time it has expanded rapidly in overseas markets, across the United States, Europe and throughout Asia Pacific, where the company has recently opened a number of direct sales and support centres. IDBS is now the fastest growing specialist provider of informatics software for pharmaceuticals, healthcare and industrial R&D sectors.

IDBS' global success is based on its ability to deploy enterprise science data solutions, driven by a unique, proprietary technology platform and suite of applications, into R&D and process development environments. More than 200 R&D intensive organisations including Pfizer, L'Oréal, Roche, Amgen, Bayer, Genentech and Daiichi-Sankyo (India) use the company's products across 25 countries. Its R&D data platform, E-WorkBook, has seen a four-fold increase in market share since 2008, and there is growing global demand for its software across the pharmaceuticals and industrial R&D sector. More recently, IDBS has been working with the NHS in the UK to pioneer the advancement of personalised medicine and the use of 'real-world' clinical data to improve healthcare outcomes.

"As a British company competing against a number of overseas players, we are absolutely delighted to receive this prestigious award," said Neil Kipling, founder and CEO of IDBS. "We have experienced unparalleled growth and commercial success over the past three years. This is through the commercialisation of innovative new products, accessing new and growing markets and an absolute commitment to the highest standards by our employees around the world. I am thrilled to see our recent success recognised in this manner."

About IDBS
IDBS is a global provider of innovative enterprise data management, analytics and modeling solutions. The company's uniquely sophisticated platform technologies are used by more than 200 pharmaceutical companies, major healthcare providers, global leaders in academic study, and high tech companies to increase efficiency, reduce costs and improve the productivity of industrial R&D and clinical research. IDBS is clearly differentiated by its unique combination of award-winning enterprise technologies and domain knowledge in R&D.

IDBS' solutions help scientists, hospitals and R&D businesses produce the world's newest therapeutics, diagnostics and personalised treatments, high-tech materials and consumer products, faster, cleaner engines and fuels, breakthroughs in productive agriculture, healthy, safer food products, and high tech materials and products.

Founded in 1989 and privately held, IDBS is headquartered in Guildford, UK with a direct sales and support presence worldwide. IDBS is a Profit Track 100 company and the recipient of multiple awards including the Frost and Sullivan 'Enabling Technology' Award in R&D data management for 2010. For regular updates follow us on Twitter@IDBSsoftware

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