Suvoda and Greenphire Complete Groundbreaking Merger
Suvoda and Greenphire Finalize Their Merger
In a significant step forward for clinical trial management, Suvoda, a renowned global clinical trial technology company, has officially completed its merger with Greenphire. This union combines their expertise in randomization, trial supply management, patient engagements, and payments.
Empowering Clinical Trials
The merger aims to empower clinical trials by providing a comprehensive suite of solutions that simplify processes for both trial participants and sponsors. With this new partnership, the organization is poised to enhance the customer experience, ensuring that high-quality support and services remain at the forefront of their operations.
Elevating Patient Experiences
At the heart of this merger lies a commitment to improving the patient experience within clinical trials. The unification of Suvoda and Greenphire allows for a streamlined approach. Customers will now have access to an expanded toolkit that supports various aspects of trial management, which promises to enhance the execution of life-sustaining medical studies.
Leadership and Direction
Leading the new organization is Jagath Wanninayake, the founder and CEO of Suvoda. Under his leadership, the combined entity will continue to innovate and respond adeptly to the evolving needs of clinical trial stakeholders. With strategic investments from Thoma Bravo, Bain Capital Tech Opportunities Fund, and LLR Partners, the company is well-equipped to navigate the future of clinical trial technology.
About Suvoda
Suvoda specializes in managing clinical trials for complex therapeutic areas, including oncology and rare diseases. Established in 2013, this company has quickly become a trusted partner for clinical trial professionals. Suvoda's headquartered operations around Philadelphia, alongside offices in cities like Portland, Barcelona, and Tokyo, illustrate its commitment to a global presence. With a Net Promoter Score (NPS) that exceeds the industry average, Suvoda is selected by trial sponsors and CROs to support numerous studies worldwide.
About Greenphire
Greenphire, founded in 2008, is recognized as a pioneering leader in financial management for clinical trials. Their cutting-edge solutions streamline participant reimbursements and budget management, ultimately enhancing the efficiency of trial processes. Currently, Greenphire supports over one million active trial participants and thousands of research teams globally, ensuring that clinical studies can proceed with minimal disruption.
Contact Information
For further inquiries, reach out to Elena Filimonova, Chief Marketing Officer at Suvoda, through the company's contact channels.
Frequently Asked Questions
What is the main purpose of the Suvoda and Greenphire merger?
The merger aims to create a comprehensive clinical trial solution that enhances the efficiency and experience for both sponsors and participants.
Who will lead the new organization formed by the merger?
Jagath Wanninayake will serve as the CEO of the newly merged company, drawing on his extensive experience in clinical trial technology.
What technological advancements can we expect from Suvoda post-merger?
The merger will result in improved workflows, a unified data layer for better insights, and various tools aimed at enhancing the clinical trial experience.
How will the merger affect existing customers?
Customers will benefit from an expanded set of capabilities and maintained high-quality services, enhancing their experience during clinical trials.
What are the future goals of the merged company?
The merged company aims to innovate continuously in clinical trial management, focusing on optimizing financial and operational aspects to improve patient outcomes.
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