TAKE Solutions Recognized as a Leader in IDC MarketScape: Worldwide Life Science R&D IT Outsourcing 2011

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Company receives highest rating in R&D IT vendor assessment research report highlighting domain expertise, industry-centric services, and commitment to growth

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Alan S. Louie, PhD, research director, IDC Health Insights' says: “The life science R&D IT outsourcing market is growing rapidly as companies seek to improve operational efficiencies and tightly define activities that are their core competencies.

TAKE Solutions Ltd. [BSE: 532890 | NSE: TAKE], a leader in the Supply Chain Management and Life Sciences domains, today announced it has received a ‘leader’ rating in IDC Health Insights’ MarketScape: Worldwide Life Sciences R&D IT Outsourcing Report 2011 Vendor Assessment. The “leader” category is the report’s highest ranking.

Alan S. Louie, PhD, research director, IDC Health Insights' Clinical Development, Strategy and Technology research service comments in the report: “The life science R&D IT outsourcing market is growing rapidly as companies seek to improve operational efficiencies and more tightly define those activities that are considered core competencies. As a result, leading service providers in this space are experiencing double-digit annual growth, with significant near- and long-term opportunities arising from the increasing number and variety of tasks being outsourced.”

The IDC Health Insights study assesses industry-specific offerings and experience, deployment flexibility, strength and responsiveness to project challenges, and long-term vendor growth strategies. Evaluation is based on a comprehensive framework and set of parameters expected to be conducive to a success in life sciences R&D IT outsourcing services and emerging growth in both the short-term and long-term. According to IDC:

  •     “TAKE has built a strong list of clients, based on its deep domain knowledge, willingness to engage customers as partners, IP-based solutions, and thought leadership in clinical, regulatory, drug safety, and other life science areas.
  •     “TAKE's diverse customer base, broad services portfolio, strong commitment to life science industry-specific growth, domain-centric expertise, and strong customer relationships make TAKE a fierce competitor in winning projects that the company competes for.”

“TAKE has been providing expert advice, solutions and services to life sciences customers for over 10 years. We are very pleased to be recognized for our strategy, focus & capabilities,” said Kishore Rachapudi, president & COO, TAKE Solutions. “IDC’s research confirms that our commitment to enable customer successes by delivering life sciences industry expertise and business technology skills is strengthening our competitive edge.”

In 2010, TAKE was also recognized for its highest scores for customer service, and tied for first place in both life science industry expertise and overall customer satisfaction in IDC’s Vendor Assessment: Life Science Buyer’s Guide to Sales and Marketing IT Outsourcing.

About IDC MarketScape Reports
IDC MarketScape reports are designed to identify factors conducive to success in a particular market, both long term and short term, and then assess vendors participating in the market against those factors. The evaluation is based on a comprehensive framework that includes qualitative and quantitative metrics, as well as end-user feedback, and then provides vendors with market positioning relative to or compared with other market participants. This study was attempted to create a simplified assessment of the highly diverse R&D outsourcing services market with a goal of identifying leaders as well as emerging companies looking to grow market share.

About TAKE Solutions
TAKE Solutions, Ltd. [BSE: 532890 | NSE: TAKE] is a leading global business technology company with domain expertise in Life Sciences (LS) and Supply Chain Management (SCM). TAKE provides cost-effective and comprehensive solutions for enterprises across diverse sectors including pharmaceuticals, high technology, consumer packaged goods, oil/gas, and automotive. TAKE’s SCM product suite includes distinct technology with embedded IP that spans enterprise mobility, trading partner collaboration, and material tracking. In the LS domain, TAKE offers IP-based software and extensive knowledge-based solutions to enable efficient clinical, regulatory, safety and commercialization processes.

TAKE’s global headquarters is in Chennai, India; its U.S. headquarters is located in Princeton, New Jersey. TAKE has a proven track record as a trusted partner in delivering world-class solutions to more than 400 customers worldwide. For more information, please visit http://www.takesolutions.com.

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