Velos eResearch Version 8 Release Slated for July 8 Launch

- Advanced technology coupled with high software quality standards benefit
customers -

FREMONT, Calif., June 19 /PRNewswire/ -- Velos, Inc., the recognized
leader and trusted resource for clinical trial management information systems
for large investigator sites and sponsors, today announced the July 8 launch
of Velos eResearch Version 8, bringing customers a host of advanced features
and functions on a pure Internet platform.
"Our development team works closely with our customer support team,"
stated John S. McIlwain, CEO of Velos. "This close association gives our
development team excellent access and sensitivity to the needs of our
customers. We built Version 8 to make life easier for our customers and their
end users with a continued focus on providing software that adapts to customer
needs and workflow -- not the other way around."
A diverse range of end users across the Velos customer base use Velos
eResearch to improve the efficiency and safety of their clinical studies.
Velos market share among large, highly regarded medical centers has continued
to increase throughout the past few years and now includes 21 Top 25* U.S.
centers. Clinical and Translational Science Award (CTSA) winners have chosen
Velos by a wide margin versus all other vendors combined. Velos eResearch
customers also receive 30 percent of extramural clinical research funding from
the National Institutes of Health -- also the largest such share for any
commercial clinical trial management system. Most of these larger
institutions are rolling out Velos eResearch across their healthcare systems
and medical research programs.
Velos eResearch Version 8 is wholly influenced by the identified, diverse
needs of end users and managers across the customer base. Most Velos
customers require high levels of flexibility, configurability and
interoperability. They need systems that are adaptable, molding around their
internal systems and adapting to their individual end users workflow and
organizational structure. A significant number of enhancements also focus on
financial system needs, as well as day-to-day patient and research management.
According to Priti Sahai, M.D., Vice President of Product Development,
"Version 8 expands on our focus on delivering sophisticated systems that can
work 'out of the box,' are easy to use, and yet have a broad and deep
functional scope. At the same time, Version 8 further extends high levels of
configurability such that each customer can work with the software, make it
their own, and use their own distinct nomenclature and organizational
approach."
One of many Version 8 enhancements is the ability to take calendars off
line for editing. It is well known that calendars tend to change in the middle
of studies and unexpected events tend to happen, calling for dynamic
calendars. The ability to take a calendar off line, edit it, and reapply it to
a study while also continuing to leverage calendar funds to support
regulatory, audit trail, billing and other administrative needs, requires
sophisticated software.
"The Velos eResearch system engine is doing a lot of work in the
background but the end user is only aware that it makes some challenging tasks
fast and easy and that it works," continued Dr. Sahai. "Many users have told
us how happy they are about the additional power and flexibility Version 8
will put into customers' hands."
About Velos
Velos is the trusted clinical trial management resource for investigators,
sponsors and academic leaders throughout the U.S. Velos eResearch is deployed
for clinical research in all parts of the healthcare enterprise and supports a
broad diversity of clinical departments and functional needs. The system
fundamentally improves the way data is collected, organized and shared. Velos
applies rigorous software quality assurance (SQA) standards in its software
development process and is the only software vendor in widespread use at
investigator sites that is also CFR Part 11 compliant. A pure Internet
technology platform, Velos eResearch harnesses advanced powers of the Internet
to enable research sites, sponsors, and patients to participate in a secure,
integrated system platform. System users are freed of redundant data entry
and related time delays associated with most clinical research today. With
emphasis on workflow, Velos integrates the clinical, administrative and
financial information needs of research management. Velos eTools, a companion
product to Velos eResearch, empowers customers by giving them ownership and
access to functions such as system configuration, data migrations, custom
reporting and third party data submissions. Founded in 1996, Velos is
privately held with headquarters in Fremont, California. For more
information, visit http://www.velos.com.
This press release may contain forward-looking statements that are subject
to risks and uncertainties that could cause actual results to differ
materially from those set forth in the forward-looking statements.
*U.S. News & World Report, Best Hospitals Survey
SOURCE Velos, Inc.

Janice Odell of The Ford Odell Group, +1-415-738-2165, jan@fordodell.com, for
Velos, Inc.