Editing Instem plc: $12m five-year agreement with Leading Contract Research Organisation
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== Summary == | == Summary == | ||
On 2nd September 2022, Instem plc (AIM: INS), a leading provider of IT solutions to the global life sciences market, | On 2nd September 2022, Instem plc (AIM: INS), a leading provider of IT solutions to the global life sciences market, announces a five-year agreement, worth over $12 million, with a leading global contract research organisation ("CRO" or "Client") to support over 2,000 users worldwide in their clinical trial analysis. | ||
The Client, which has been a clinical trial analysis customer since 2016, is adopting Instem's new Aspire™ software solution, being developed by the Group's Clinical Trial Acceleration business unit, formed in 2021 following the acquisition of d-Wise Technologies, Inc. ("d-Wise"). This contract demonstrates the execution of the Company's SaaS strategy and the value of its inorganic growth strategy through the d-Wise acquisition, further expanding Instem's global coverage and end-to-end solutions. | The Client, which has been a clinical trial analysis customer since 2016, is adopting Instem's new Aspire™ software solution, being developed by the Group's Clinical Trial Acceleration business unit, formed in 2021 following the acquisition of d-Wise Technologies, Inc. ("d-Wise"). This contract demonstrates the execution of the Company's SaaS strategy and the value of its inorganic growth strategy through the d-Wise acquisition, further expanding Instem's global coverage and end-to-end solutions. |