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High-flying tech firm expands Hammersmith HQ

Categoriesnews Health and carenews, Businessnews

Image captionImage 1: From left to right: Cllr Ben Coleman, Christian Hebenstreit (Senior Vice President and General Manager, EMEA), Tarek Sherif (Chief Executive Officer and Co-Founder) and Glen de Vries (President and Co-Founder) cutting the ribbon of Medidata’s new Hammersmith Grove office

High-flying US business Medidata has expanded its European headquarters in Hammersmith after outgrowing its previous offices in the borough. 

The company, which is a leading global provider of cloud-based technology and data analytics for clinical research, cut the ribbon on its new Hammersmith Grove office last week. 

This comes after 10 prosperous years in H&F and just months after Medidata joined the Council and Imperial College of London for the launch of a new industrial strategy for Hammersmith and Fulham. 

“It’s great that Medidata is flourishing and expanding in Hammersmith,” said Cllr Ben Coleman, H&F Cabinet Member for Health and Adult Social Care, who helped cut the ribbon on the new offices. 

“Despite Brexit, which was opposed by 70 per cent of H&F voters, we’re determined to work with entrepreneurs, firms, residents and Imperial College to make our borough the best place in Europe to do business. 

“Biotech, digital and creative industries are burgeoning here and we want all residents to benefit.”

Medidata gets bigger

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Image caption: Image 2: Medidata's new Hammersmith HQ

Previously based in the Butterwick building in Hammersmith Broadway, Medidata has grown rapidly, adding 17 per cent more employees each year and now employing 240 people in the UK – hence the need for bigger headquarters.

Tarek Sherif, Chairman and CEO, said the firm chose Hammersmith more than 10 years ago due to the “high concentration of innovative, international life sciences companies, a strong R&D presence and a talented, diverse workforce”.

He added, “We’re delighted to move to new expanded headquarters in Hammersmith that should help us continue to attract and retain talented and skilled employees.”

Medidata creates the software that allows clients such as Cancer Research UK, AstraZeneca, GlaxoSmithKline, Novartis and Roche to run more effective clinical trials.

With annual revenues of $463.4million, it employs more than 2,000 people around the world. Headquartered in New York and with offices in Hammersmith and Düsseldorf and a data centre in Frankfurt, the company has its sights set on further expansion in the UK and Europe.

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Image caption: Image 3: Guests celebrate the move to new expanded headquarters

Economic growth for everyone in H&F

H&F Council’s new industrial strategy, Economic Growth for Everyone aims to: 

  • Make it easier for entrepreneurs to start a business by creating affordable workplaces, exploring business rate cuts for key sectors and creating a new venture capital fund to support new businesses
  • Support major regeneration and infrastructure schemes, including 10,000 new homes, half of which will be genuinely affordable, as well as improving rail links and the station at Old Oak Common
  • Invest in local skills, with extra support for science and maths teachers and apprenticeships
  • Ensure that all residents benefit from the new economic growth.