Medidata Solutions is an American technology company that develops and markets software as a service (SaaS) for clinical trials.

[4][5][6] Medidata's customers include pharmaceutical, biotechnology, medical device, and diagnostic companies; academic and government institutions; contract research organizations; and other life sciences organizations around the world that develop and bring medical therapies and products to market.

The company was founded in June 1999 by Tarek Sherif, Glen de Vries and Ed Ikeguchi.

[4][5][6] In 1994, de Vries and Ikeguchi created OceanTek, a startup that developed Web applications for conducting clinical trials and was the precursor to Medidata.

[7] In 1999, they restarted the company as a new firm and, together with Sherif, formed Medidata, to provide online systems for designing and running clinical trials.

[16] Medidata offers a cloud-based platform for clients to build their own clinical trials and perform medical research.

The insurer claimed that its policy only covered losses resulting from fraudulent entry or hacking into a computer system and that in this case the transfer was voluntary, while Medidata argued that the thief's actions did come within the policy's definition of covered losses.