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Securities and Exchange Commission
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report May 1, 2000
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(Date of earliest event reported)
DATATRAK INTERNATIONAL, INC.
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(Exact name of registrant as specified in its charter)
Ohio (000-20699) 34-1685364
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(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification No.)
20600 Chagrin Boulevard, Cleveland, Ohio 44122
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (216) 921-6505
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Page 1 of 6 Pages
Exhibit Index Appears on Page 3
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Item 5. Other Events
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On May 1, 2000, DATATRAK International, Inc. and Computer Sciences
Corporation ("CSC") announced an alliance to launch E-CRF(SM), a joint
application service provider (ASP) offering that allows the life sciences
industry to collect clinical trial data via the Internet. Through the alliance,
CSC will supply Web hosting and global deployment capabilities for DATATRAK's
electronic data capture (EDC) dual platform software. CSC will also provide data
center housing, network connectivity and infrastructure administration. DATATRAK
is providing the software that allows pharmaceutical and related organizations
to transition from the traditional paper method of clinical trial data
collection to collecting data electronically. CSC and DATATRAK will jointly
market E-CRF(SM) to the pharmaceutical and related life sciences industries.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
DATATRAK INTERNATIONAL, INC.
By: /s/ Terry C. Black
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Terry C. Black
Vice President of Finance, Chief Financial
Officer, Treasurer and Assistant Secretary
Date: May 3, 2000
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EXHIBIT INDEX
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EXHIBIT NO. DESCRIPTION PAGE
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99.1 Press Release Issued on May 1, 2000. 4
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EXHIBIT 99.1
CSC and DATATRAK Form Alliance To Market E-Business Solution to
Collect Clinical Trial Data
EL SEGUNDO, Calif., May 1 -- Computer Sciences Corporation (NYSE: CSC) and
DATATRAK International, Inc. (Nasdaq: DATA) today announced an alliance to
launch E-CRF(SM), a joint application service provider (ASP) offering that
allows the life sciences industry to collect clinical trial data via the
Internet.
Clinical development is the most costly and time-consuming portion of the drug
development process for the pharmaceutical industry, averaging more than 12
years and costing in excess of $500 million per chemical entity. By
transitioning from a traditional paper-collection method to an electronic
collection of clinical trial data, pharmaceutical companies can reduce costs and
accelerate the process of drug development. Industry research and current
results have shown that electronic automation will reduce trial time by up to
one year and provide savings of up to $6 per page of data.
Through the alliance, CSC will supply Web hosting and global deployment
capabilities for DATATRAK's electronic data capture (EDC) dual platform
software. CSC will also provide data center housing, network connectivity and
infrastructure administration. DATATRAK is providing the software that allows
pharmaceutical and related organizations to transition from the traditional
paper method of clinical trial data collection to collecting data
electronically. CSC and DATATRAK will jointly market E-CRF(SM) to the
pharmaceutical and related life sciences industries.
CSC will service DATATRAK by leveraging the infrastructure at its global Web
hosting center in Newark, Del. The 24x7 facility is a highly secure,
state-of-the-art data center that services global CSC clients, including those
in the securities, chemical, energy and life sciences industries. DATATRAK
hosting facilities in Cleveland, Ohio, and Bonn, Germany, will be integrated
with CSC's center and serve as recovery operation sites.
"We are pleased to have this agreement with DATATRAK. Their technology offers a
reliable and scalable Internet-based solution for high-volume clinical data
transfer," said Arthur Spiegel, president of CSC's Healthcare Group. "Their
thin-client platform and superior performance provide an excellent ASP model for
electronic clinical trial services to the pharmaceutical industry.
"This agreement enables CSC to bring value-added Internet solutions to DATATRAK
and its customers, opening new avenues of growth for both companies," added
Spiegel. "It fits our strategy to develop and manage e-business solutions that
help our clients remain competitive in an ever-changing environment."
Customers use the DATATRAK EDC software to collect and submit clinical trial
data via the Internet through a centralized terminal server model or by using
dedicated laptop computers. DATATRAK EDC includes demonstrated metrics proven to
accelerate clinical development by more than 30 percent, and is expected to
reduce overall costs by more than 50 percent compared to conventional paper
methods.
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"CSC is a world-class, global IT service provider that has a proven track record
in delivering reliable, cost-effective and secure Web hosting operations," said
Dr. Jeffrey A. Green, president and CEO of DATATRAK International. "Working with
CSC will allow our company to increase our response time to better meet our
customers' demands for an ever-increasing level and scope of clinical trial
work. Their involvement in our blueprint for worldwide scalability -- and
virtual instantaneous backup and security of extremely important data -- will be
very beneficial for our clients.
"Our experience has demonstrated that we can deploy one-by-one clinical trials
as large as 500 users at 180 sites in 21 countries," added Green. "With the
support of CSC, we will be able to significantly increase our volume. For any
EDC solution to be valuable to the industry as a whole, an enterprisewide
solution must be deliverable to multiple customers simultaneously with 'turnkey'
ease. We intend to transition from working in a project-by-project mode to
offering our customers corporatewide e-commerce solutions in clinical drug
development. Both companies are focused on growing this market as rapidly and as
significantly as possible."
About DATATRAK
DATATRAK International, Inc. is a worldwide application service provider for the
EDC industry. DATATRAK provides a suite of EDC software products known as
DATATRAK EDC and related hosting, educational, and training services to the
pharmaceutical, biotechnology and medical device industries. DATATRAK EDC was
developed in order to deliver clinical research data from investigative sites to
sponsors faster and more efficiently than conventional manual methods. DATATRAK
EDC can be deployed worldwide in either a distributed platform using laptop
computers or in a centralized server "thin client" environment using the
Internet. DATATRAK EDC software and its earlier versions have successfully
supported more than 40 clinical studies at more than 800 clinical sites in 30
countries encompassing 20,000 patients. DATATRAK International, Inc. has offices
and hosting facilities located in Cleveland, Ohio, and Bonn, Germany. Visit the
DATATRAK International, Inc. Web site at www.datatraknet.com or
www.datatraknet.de.
About CSC
CSC's Healthcare Group offers the management services and technology to meet the
strategic, operations, applications, information systems integration and
business process outsourcing needs of providers, payors and life sciences
organizations. A proud trustee sponsor of the Malcolm Baldrige National Quality
Award, CSC's Healthcare Group offers a healthcare focus and end-to-end solution
set that are unparalleled in the industry. Its clients include many of the
nation's top insurance and pharmaceutical organizations, as well as many of the
country's most respected hospital systems, academic medical centers, community
hospitals, group practices and industry associations.
Computer Sciences Corporation helps clients in industry and government use
information technology to achieve strategic and operational objectives. With
57,000 employees in more than 700 offices worldwide, the company tailors
solutions from a broad suite of integrated service and technology offerings,
including e-business strategies and technologies; management and IT consulting;
systems development and integration; application software; and IT and business
process outsourcing.
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Since its formation in 1959, CSC has been known for its flexibility in its
relationships with clients. Through numerous agreements with hardware and
software technology firms, the company is able to identify and manage solutions
specifically tailored to each client's needs. CSC had revenues of $9.1 billion
for the twelve months ended December 31, 1999. Its headquarters are in El
Segundo, California. For more information, visit the company's Web site at
www.csc.com.
/CONTACT: Ellen Downey, Manager, Marketing Communications, Healthcare Group,
248-372-3442, [email protected], or Frank Pollare, Director, Public Information,
Corporate, 310-615-1601, [email protected], both of Computer Sciences
Corporation; or Jeffrey A. Green, Pharm.D., FCP, President and CEO, or Terry C.
Black, Chief Financial Officer, both of DATATRAK International, Inc.,
216-921-6505
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