TAKE Solutions recognized as a leader in IDC MarketScape on Drug Safety Services

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Worldwide Life Science Drug Safety Services 2013 Vendor Assessment

TAKE Solutions Ltd. [BSE: 532890 | NSE: TAKE], a leader in the Life Sciences (LS) and Supply Chain Management (SCM) domains, today announced that it has received a 'Leader' rating in IDC Health Insights' “IDC MarketScape: Worldwide Life Science Drug Safety Services 2013 Vendor Assessment."

The IDC MarketScape assessment evaluated leading drug safety services (DSS) providers in the Life Sciences industry. The assessment of the growing trends supporting the outsourcing of Life Science drug safety services, describes how major selected vendors compare with each other, and identifies the key factors that are helping both industry leaders and major market players to succeed and grow.

Alan S. Louie, Research Director, Clinical Development Strategy and Technology at IDC Health Insights, said, “As outsourcing of the Life Science industry grows, the vendor ecosystem is stepping up to deliver cost savings, agility, and operational excellence in areas once considered to be core to top companies. Demonstrated delivery experience, deep understanding of drug safety processes & platforms and deep strategic drug safety expertise are all paths to vendor success, helping many Life Sciences services organizations to achieve sustainable growth that should continue for years to come."

Jim Tizzard, CEO, TAKE Life Sciences, said, “We are delighted to be recognized as a leader in IDC Health Insights' Drug Safety Services IDC MarketScape report. We are confident that TAKE will remain a leader in the drug safety services space for the years to come. TAKE's leading position in developing drug safety best practices through WCI Consulting ensures the currency of our drug safety services, with drug safety strategic consulting and IT services leading the way.”

About IDC MarketScape:
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of IT, telecommunications, or industry-specific suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT, telecommunications, or industry-specific vendors can be meaningfully compared. The framework also provides technology buyers with a transparent foundation to allow companies to independently compare the strengths and weaknesses of current and prospective vendors.

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 suites include 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 has been recognized as a leader by IDC’s MarketScape Worldwide Life Sciences R&D IT Outsourcing for 2011. 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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