We had a great evening last night at the Triangle Business Journal’s 2012 Fast 50 Awards dinner, which showcased the fastest-growing private companies in the Raleigh-Durham area.  This is the third year in a row Clinipace Worldwide has been included in the list and we came in at #18.

Our biggest success over the last 12 months has been the acquisition of Paragon Biomedical, Inc. The merger significantly expanded our therapeutic expertise, site management capabilities, and clinical operations.  In addition, we extended our global footprint with the addition of offices in Irvine, California, High Wycombe, United Kingdom, and Trivandrum, India.

The Fast 50 winners were selected and ranked based on a formula that counts revenue growth and profitability in the preceding three years (2009-2011). The numbers were crunched and analyzed by PricewaterhouseCoopers, a Fast 50 partner.

For more coverage, you can head over to the Triangle Business Journal.