IPO Profile: Medidata Solutions Inc.

New York

www.mdsol.com

(212) 918-1800

IPO DETAILS

IPO Date: 6/25/09

Exchange and Ticker: Nasdaq: MDSO

Filing Range: 6.3M shares @ $11.00 to $13.00

Offering Price: $14.00

Close on First Day: $17.00

Offering Size: $88.20M

Shares Outstanding: 22,353,696

Underwriters: Citi/Credit Suisse

CoManager: Jefferies & Co. Inc./ Needham & Co. Inc.

Company Counsel: Fulbright & Jaworski

Manager Counsel: Ropes & Gray

Auditor: Deloitte & Touche LLP

Market Cap on 6/30/09: $366.15M

Closing price on 6/30/09: $16.38

COMPANY DESCRIPTION

Develops software applications and provides services for clinical researchers. Medidata offers Medidata Grants Manager and CRO Contractor, which enable individual clients to compare their situation with the industry and relevant segments; Medidata Designer, a technology application for protocol design; and Medidata Rave, which provides electronic data capture, management and reporting. The company’s competitors include Captiva Software Corp., DataMirror Corp. and Phase Forward Inc.

VENTURE BACKERS

GlobalNet Management, Greenhill SAVP (aka Silicon Alley Ventures), Insight Venture Partners, Lambda Funds, Milestone Venture Partners and Stonehenge Capital Co.

STOCK HOLDINGS OF VC FUNDS

(For company directors or owners of 5% or more of the company’s shares.)

Owner_No. of shares (as of 6/25/09)_Value as of (6/30/09)_Percentage ownership after offeringInsight Venture Partners_5,436,706_$89.05M_21.5%

Milestone Venture Partners_1,219,068_$19.96M_4.8%

Stonehenge Capital Co._975,066_$15.97M_3.9%

Greenhill SAVP (aka Silicon Alley Ventures)_271,248_$4.44M_1.1%

GlobalNet Management_229,290_$3.75M_>1%

VENTURE ROUNDSDate_No. of investors_Round amount $M_Valuation

3/26/02_5_$1.20_n/a

2/25/03_5_$.50_n/a

6/14/04_2_$20.00_n/a

FINANCIALS

Year End: 12/31/05_12/31/06_12/31/07

Total Revenue $M: $19.83_$50.46_$86.27

Net Income: $-13.25_$-5.41_$-1.37

EPS: $-2.24_$-0.94_$-0.29