Congratulations to our team at Clinipace Worldwide! This marks the fifth year in a row we have been included in the list of the Triangle Business Journal’s Fast 50 Awards, and we consider it a great honor!
The annual list showcases the fastest-growing private companies in the Raleigh-Durham area. The Fast 50 winners were selected and ranked based on a formula that counts revenue growth and profitability in the preceding three years (2011-2013). The numbers are crunched and analyzed by PricewaterhouseCoopers, a Fast 50 partner.
In honor of the 22nd annual Fast 50 Awards, the Triangle Business Journal took a look back at past first-place finishers to see how they’ve fared since receiving that prominent recognition. Here’s what they shared about Clinipace:
“Morrisville-based CRO Clinipace has certainly been busy after nabbing the No. 1 spot on the Fast 50 list in 2011. In 2012, the company acquired Irvine, California-based Paragon Biomedical in an effort to expand its services and geographic footprint. Clinipace also raised $9 million in fall 2012. And after raising an additional $3 million in early 2014, the company added another 120 workers when it purchased Pan-Asian CRO, Choice Pharma. In October 2014, Clinipace raised another $4 million in a debt offering. The company employs about 60 Triangle staffers and about 600 employees worldwide.”
For more information on this year’s awards, see our profile in the Nov. 21 print issue of the Triangle Business Journal.