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Press Releases
inVentiv Health Ranked #24 by Training Magazine in its 2010 List of Top 125 Training Companies
SOMERSET, N.J.– March 2, 2010? inVentiv Health, Inc. (NASDAQ: VTIV), a leading provider of commercialization solutions to the global healthcare industries, was ranked #24 by Training Magazine in its 2010 list of the 125 top training companies, up from #39 in 2009. This is the sixth consecutive year that inVentiv has been in the Top 125 and the third year it has been ranked in the top 25.
According to Training Magazine, each company on its list has been measured on qualitative and quantitative data. An outside research and statistical data company, under the guidance of Training Magazine, appropriately scores companies on certain criteria such as training technology and infrastructure, number of training executives, employee turnover and retention, leadership, certification and much more information culled from additional data obtained by companies. Editors of the magazine subjectively review each application and assemble the list.
Along with inVentiv, other companies in the top 25 include Cisco, Verizon, Microsoft, Best Buy, and the U.S. Navy.
Pete Marchesini, Chief Learning Officer at inVentiv Health said, "We are pleased to once again be ranked among the top 25 training companies in the nation. We believe that our continued focus on training is essential to attracting, developing and retaining our excellent employees – and to delivering exceptional service to our clients."
In addition to the training inVentiv provides for its employees, the company provides a wide range of professional development solutions for its healthcare clients through its training unit, Preceptiv Learning Solutions. Preceptiv's capabilities include training needs analysis, creative instructional design, specialized content development, and leadership and management development.
Training Magazine is a publication devoted to professional development, management and leadership training, succession planning, recruitment and retention, HR issues and many other related topics. The 2010 Top 125 list is published in their February issue.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks that may cause inVentiv Health's performance to differ materially. Such risks include, without limitation: our ability to sufficiently increase our revenues and maintain or decrease expenses and cash capital expenditures to permit us to fund our operations; our ability to continue to comply with the covenants and terms of our credit facility and to access sufficient capital to fund our operations; our ability to grow our existing client relationships, obtain new clients and cross-sell our services; our ability to successfully operate new lines of business; our ability to manage our infrastructure and resources to support our growth; our ability to successfully identify new businesses to acquire, conclude acquisition negotiations and integrate the acquired businesses into our operations; any disruptions, impairments, or malfunctions affecting software as well as excessive costs or delays that may adversely impact our continued investment in and development of software; the potential impact of government regulation on us and on our clients base; our ability to comply with all applicable laws as well as our ability to successfully implement from a timing and cost perspective any changes in applicable laws; our ability to recruit, motivate and retain qualified personnel, including sales representatives; the actual impact of the adoption of certain accounting standards; our ability to maintain technological advantages in a variety of functional areas, including sales force automation, electronic claims surveillance and patient compliance; changes in trends in the healthcare and pharmaceutical industries or in pharmaceutical outsourcing; and our inability to determine the actual time at which the liquidation of the Columbia Strategic Cash Portfolio will be completed or the total losses that we will actually realize from that investment vehicle. . Readers of this press release are referred to documents filed from time to time by inVentiv Health Inc. with the Securities and Exchange Commission for further discussion of these and other factors.
