WALTHAM, Mass., April 6 /PRNewswire/ -- CRF Inc., a leading provider of e-Diaries for capturing electronic Patient Reported Outcomes (e-PRO) data in clinical trials, announced today that it has secured EUR 2.75 million ($3.4 million) of financing. All of CRF Inc.'s existing and original investors, including 3i Group, Stratos Ventures and Nordic Venture Partners (formerly Danske Venture Partners) participated.
“Current business levels are generating sustainable funds, and this funding provides a cash buffer and strengthens our balance sheet. This financing demonstrates additional stability to customers. I want to thank our loyal group of original investors for their continuing support and confidence in CRF’s future”, stated Pamela McNamara, CEO of CRF Inc.
“We have the necessary funds to grow our business, expand our global customer base, increase our personnel and facility resources, and further develop our product and service offerings”, added John Arcari, CFO.
“This financing represents an important part of the CRF Inc. plan to sustain its market leadership,” said Jukka Rauhala, Partner, Nordic Venture Partners.
“We have great confidence in CRF Inc.'s growth prospects. The transformation of the $52 bn clinical R & D industry from paper based systems into electronic data capture (EDC) presents a significant market opportunity. In only three years, CRF Inc. has grown to become a global market leader in e- Diaries, and this has been achieved by working consistently with its customers and partners in helping them educate and develop the market in its transformation,” commented Kalle Helander, Investment Manager of 3i Group.
About CRF Inc.
CRF Inc. is the e-Diary market leader and trusted partner for the bio- pharmaceutical industry, providing validated electronic patient diaries and wireless data collection solutions in all therapeutic areas. 13 global pharmaceutical companies, and over 50,000 patients in 35 countries have used CRF’s technology. CRF Inc.'s data collection solutions are compliant with U.S. and international standards for data quality and integrity. For more information about CRF Inc, please visit our web site at http://www.crfhealth.com/ or contact
John Arcari CFO CRF Inc., Waltham, MA Tel +1 781 250 1228 Irene Nyberg VP Analyst and Media Relations CRF Inc., London Tel +44 7747 844 854
CRF Inc.
CONTACT: John Arcari, CFO of CRF Inc., Waltham, MA, +1-781-250-1228, orIrene Nyberg, VP Analyst and Media Relations of CRF Inc., London, +44 7747 844854
Web site: http://www.crfhealth.com/
