BFTP Announces Second Investment in Series A Funding for CRO Analytics
Additional investment based on positive results of the Pilot to Production program for company's Clinical Trial Performance System, PerformerTM.
- (1888PressRelease) February 18, 2016 - CRO Analytics, the leading provider of validated clinical trial performance data, announced a second Series A investment from Ben Franklin Technology Partners (BFTP) of Southeastern Pennsylvania. The funding will allow CRO Analytics to continue to finalize all assessment validation for its lead product, Performer™, and expand personnel to meet growth demands.
BFTP announced the additional investment in CRO Analytics based on its positive pilot program results, extended business with pilot program customers, and overall opportunity growth. Performer, the cloud-based software designed to shorten trial timelines and reduce costs by yielding actionable insights, was also expanded to include additional assessments: CRO View, Site Voice and Patient Voice.
"We are honored that BFTP has shown their continued confidence in CRO Analytics' Performer through additional funding," said Peter Malamis, CEO of CRO Analytics. "Our mission is to improve the quality of clinical research by providing the insights that reduce costs and accelerate trials. Performer offers pharmaceutical companies and their service providers with the power to adapt their tactics mid-trial, improve functional area performance and enable data-driven alliance management."
CRO Analytics, Performer, is a cloud-based software platform designed to improve clinical research by assessing clinical trial performance through online tools that measure the quality of more than 70 functional areas and professional skills involved in clinical trial delivery. The data is analyzed using a series of algorithms to deliver actionable insights. Performer provides clinical trial professionals with efficient access to valid and reliable benchmarking, key driver analysis and predictive analytics. For additional information about CRO Analytics and Performer, visit www.croanalytics.com
About CRO Analytics
CRO Analytics provides the only validated performance data collection system for clinical trials, offering straightforward access to reliable benchmarking, key performance drivers and predictive analytics in an intuitive format - making clinical research better, faster and less expensive. To learn more, please visit croanalytics.com.
About Ben Franklin Technology Partners of Southeastern Pennsylvania
Ben Franklin is the most active early stage capital provider for the region's technology sectors. Ben Franklin combines best practices of venture capital with a public-spirited purpose: leading the region's technology community to new heights, creating jobs and changing lives for the better. Ben Franklin is an initiative of the Pennsylvania Department of Community and Economic Development and is funded by the Ben Franklin Technology Development Authority. To learn more, please visit www.sep.benfranklin.org.
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