Virtify Named to 'Cool Vendors in Life Sciences 2010' by Leading Analyst Firm
CAMBRIDGE, Mass., June 8 Virtify, Inc., today announced that it has been named to the Gartner, Inc. list of "Cool Vendors in Life Sciences, 2010"(1) published by Steven Lefebure and Dale Hagemeyer, two senior analysts with the firm.
Virtify's Enterprise Content Compliance (ECC) Software Suite helps connect key people and processes involved in global submissions, clinical trial disclosure, global labeling, and other mandated activities. Virtify's ECC suite provides a secure, collaborative Web-based environment for managing regulated content and compliance throughout the product continuum. Companies in the life sciences industry face a tremendous challenge in managing regulatory filings, documents and processes to achieve compliance. Virtify offers these companies a bridge from document-based processing to a content-centric world to better meet regulatory needs.
"Despite some pockets of relative technological sophistication, life science companies still have some manual processes relating to information flows," states Steve Lefebure, senior analyst with Gartner in the report. "By automating these with technology, they can increase operating results, efficiency and regulatory compliance at the same time."
According to the report, "Life science companies contend with many layers of regulation and controls to ensure that the complex process of developing and selling products occurs with minimal risks. One key principle is the visibility to requirements and obligations so that actions can be taken to ensure compliance, to mitigate risks and to efficiently carry out obligations. This year's Cool Vendors have a common theme of enabling critical information flows."
"We are honored that Gartner selected us as a 'Cool Vendor' in life sciences. We believe it confirms that our content-centric approach to compliance will help regulatory affairs professionals handle the myriad regulations and compliance challenges they face," said Satish Tadikonda, president and CEO of Virtify. "The number and variety of compliance regulations across the globe has placed a huge burden on the life sciences industry. By taking an integrated, systematic approach to centralizing and automating the tasks within quality compliance, regulatory affairs and clinical support operations, Virtify is helping customers accelerate time to market, while reducing risk and operational costs."
For access to the Gartner report please visit www.virtify.com
About Gartner's Cool Vendors Selection Process
Gartner's listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose.
Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn't do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner's interest or curiosity in approximately the past six months.
Virtify is the market leader in Enterprise Content Compliance (ECC) software solutions for life sciences. Organizations rely on Virtify solutions to reduce time-to-market, risk, and costs by managing and automating the complex regulatory compliance and content exchange requirements throughout the product life cycle. Virtify's easy-to-use ECC software suite is the industry's only solution to provide a secure, collaborative web-based environment for managing regulated content throughout the entire continuum -- from pre-clinical through product registration to commercialization. The company plays a leadership role in the development of global regulatory standards and is an active participant in a variety of standards committees. Virtify's software products combined with comprehensive professional services and deep domain expertise enhance quality and compliance for some of the world's leading life sciences companies. Located on the Web at www.virtify.com
(1) Gartner "Cool Vendors in Life Sciences, 2010" by Steven Lefebure and Dale Hagemeyer, April 8, 2010.
SOURCE Virtify, Inc.
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