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TechTeam Announces New Global Life Sciences Business Unit
Provider of outsourcing services moves to increase focus on significant growth opportunity in life sciences industry
The creation of the Global Life Sciences Business Unit represents an important continuing strategic commitment to this industry vertical. It expands on the company's existing Global Pharmaceutical Center of Excellence, which was established one year ago with the mission of ensuring high-quality delivery and continuous enhancement of TechTeam's eClinical Support Services, as well as to ensure that TechTeam's IT outsourcing services, such as service desk and infrastructure management, are aligned with the unique needs of the pharmaceutical industry.
The establishment of this business unit brings two important changes. First, the new organization will be led at the corporate level and will receive increased focus and attention as a business unit. Second, the scope will expand beyond the pharmaceutical industry to address customer needs more broadly in life sciences.
TechTeam currently provides technical support for more than 500 clinical trials, in 25 languages, across 25,000 sites worldwide. TechTeam helps customers get the most value from eClinical technology by offering services such as multilingual help desk, user and application administration, site assessment, site connectivity, solution provisioning and training. Its service professionals are specially trained in pharmaceutical regulatory compliance, clinical trial process and industry standard eClinical applications for functions such as Electronic Data Capture (EDC), Remote Data Capture (RDC) and eDiary.
"Based on the level of customer interest and TechTeam's unique ability to meet the needs of these customers, we see a tremendous opportunity to continue to grow this global business at an aggressive rate," said
"We have provided support to customers in the life sciences industry for ten years," says
"Last year we established a Global Pharmaceutical Center of Excellence. The formation of a full business unit on this foundation is the next logical step in the execution of our growth strategy. Looking to the future, we will continue to work closely with our customers to set priorities and evolve our capabilities in this area," said Cotshott.
About TechTeam Global, Inc.
TechTeam Global, Inc. is a leading provider of IT outsourcing and business process outsourcing services to large and medium businesses, as well as government organizations. The company's primary services include service desk, technical support, desk-side support, security administration, infrastructure management and related professional services. TechTeam also provides a number of specialized, value-added services in specific vertical markets. Founded in 1979, TechTeam has nearly 3,000 employees across the world, providing IT support in 32 languages. TechTeam's common stock is traded on the NASDAQ Global Market under the symbol "TEAM." For more information, call 800-522-4451 or visit www.techteam.com.
Safe Harbor Statement
The statements contained in this press release that are not purely historical, including statements regarding the Company's expectations, hopes, beliefs, intentions, or strategies regarding the future, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results may differ materially from those expected because of various known and unknown risks and uncertainties, which are described in the Company's most recent annual report on Form 10-K and subsequent reports filed with or furnished to the U.S. Securities and Exchange Commission. The forward-looking statements included in this press release are based on information available to the Company on the date hereof, and the Company assumes no obligation to update any such forward-looking statements.
Contacts:
TechTeam Global, Inc. Boscobel Marketing Communications
Chris Donohue Michael Rudd
VP, Global Strategy & Marketing (301) 588-2900 Ext. 115
(248) 357-2866 mrudd@boscobel.com
cdonohue@techteam.com
SOURCE TechTeam Global, Inc.













