February marked our 12th anniversary. It was the end of a busy year filled with several milestones of which we are proud and grateful. Anniversaries are an excellent opportunity to take a look back and appreciate the good fortune and recognize the hard work that goes into any notable accomplishment.
Among our milestones in the last 12 months were the launch of an entirely new product line, expanding to a new geography, and securing a significant, position-securing contract.
Early in 2011, our focus was on the launch of the Allegro Research on Demand product line, which is a family of cloud-based clinical trial management systems. The first product to be released was Allegro CTMS@Site. Our goal was to begin supporting the often overlooked, smaller research sites, such as physician practices and community hospitals that participate in industry-sponsored clinical trials.
To support the launch of Allegro CTMS@Site, we expanded quickly, adding 13 new employees in 2011 and bringing the total employee count to 51 in the U.S. In the our new India office, which was also established within the last year, the team quickly grew to nine members.
As if launching a new product and overseas office were not enough, we continued throughout this time to focus on our flagship product, OnCore, and support the growing customer community that relies on this system every day. OnCore users utilize the system to manage large clinical research operations at universities, cancer centers, and children’s hospitals around the country.
Welcoming Yale to the OnCore community in May was certainly a defining moment for us. As a large and powerful clinical and translational science institute, Yale’s selection of the OnCore system to support their campus-wide clinical research operations was both an honor and a vote of confidence that solidified our emerging leadership position within the academic health center market.
Reflecting on the past year, we can say we hit all the milestones we set for ourselves and for this we are extremely grateful. In order to have the same sort of success for our next anniversary it will be a matter of maintaining efficient operations, continuing to grow the customer community, and finding the right people to add to Team Forte.