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Phase Forward sets up subsidiary in India

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CIOL Bureau
New Update

HYDERABAD, INDIA: Phase Forward, provider of data management solutions for clinical trials and drug safety, has established a wholly owned subsidiary, Phase Forward Software Services India Pvt. Ltd, based in Hyderabad.

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In building this subsidiary, Phase Forward will be working with current partner Virtusa Corp., a global information technology (IT) services company. Phase Forward’s Hyderabad center will be situated within Virtusa’s facilities.

“The Indian market is strategic to Phase Forward’s continued growth,” said Phase Forward’s CEO and president Bob Weiler. “The formation of a Phase Forward subsidiary in India is a natural extension of our long-established strategy to give our customers access to the most advantageous and cost-effective mix of offshore and onshore resources available.”

“Since India is such a high-growth area for the biopharma services industry, we wanted to expand our commitment to the region by adding our own employees to our partner resources in the region,” he added.

The addition of the Indian-based subsidiary marks an important extension of Phase Forward’s global presence, which, in addition to its US headquarters, includes operations in Europe, Japan and Australia.

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