SAN MATEO, Calif., Feb. 10, 2011 /PRNewswire/ -- AlphaDetail, a leader in global primary market research for the pharmaceutical and biotech industries, reported a 30% increase in revenue in 2010, exceeding $18.5M in annual revenue for the first time in the company's history.
"Our clients have delivered a loud and clear message that AlphaDetail provides the marketing research solutions that get at the heart of their strategic information needs," says Rishi Varma, CEO and President of AlphaDetail. "Our performance in 2010 makes us one of the fastest growing market research companies in the United States."
The company's record performance included major advances across a broad array of clients and product lines. Major contributors to revenue growth include:
- Global studies increased 120% with strong growth from Emerging Markets
- Early stage product profile testing and market modeling increased 114% supported by advances in discrete choice techniques
- ATU / Tracking solutions increased 44% bolstered by portfolio-wide solutions supported by the AlphaMonitor™ web-based portal
- KOL mapping increased 17% fueled by key new product enhancements that more closely integrate multiple sources of information into a holistic understanding of influence
- Revenues from the 5 largest clients grew 48% while the company simultaneously broadened its overall client base.
Rishi Varma continued, "We approach AlphaDetail's 10 year anniversary with strong growth, an expanding portfolio of offerings, a world-class team, and the highest client satisfaction scores in the industry."
About AlphaDetail, Inc.:
At AlphaDetail, we have an unparalleled commitment to our clients. We are a full-service primary market research firm, with a particular emphasis in large and complex quantitative studies for the global healthcare community. AlphaDetail is built on one of the industry's strongest foundations that includes a large team of exceptional analytical specialists, the industry's leading technology platform and a flexible approach to research that helps us to answer our client's most challenging questions.
SOURCE AlphaDetail, Inc.