- Additional Proxy Soliciting Materials (definitive) (DEFA14A)
April 16 2010 - 5:24PM
Edgar (US Regulatory)
UNITED
STATES
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SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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SCHEDULE 14A
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Proxy
Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. )
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Filed by the Registrant
x
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Filed by a Party other than the
Registrant
o
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Check the appropriate box:
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o
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Preliminary Proxy Statement
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o
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Confidential, for
Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
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o
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Definitive Additional Materials
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x
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Soliciting Material Pursuant to
§240.14a-12
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PHASE
FORWARD INCORPORATED
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(Name
of Registrant as Specified In Its Charter)
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N/A
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(Name
of Person(s) Filing Proxy Statement, if other than the Registrant)
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Payment of Filing Fee (Check the
appropriate box):
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x
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No fee required.
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o
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Fee computed on table below per
Exchange Act Rules 14a-6(i)(1) and 0-11.
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(1)
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Title of each class of securities to
which transaction applies:
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(2)
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Aggregate number of securities to
which transaction applies:
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(3)
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Per unit price or other underlying
value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth
the amount on which the filing fee is calculated and state how it was
determined):
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(4)
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Proposed maximum aggregate value of
transaction:
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(5)
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Total fee paid:
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o
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Fee paid previously with preliminary
materials.
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o
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Check box if any part of the fee is
offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing
for which the offsetting fee was paid previously. Identify the previous
filing by registration statement number, or the Form or Schedule and the date
of its filing.
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(1)
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Amount Previously Paid:
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(2)
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Form, Schedule or Registration
Statement No.:
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(3)
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Filing Party:
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(4)
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Date Filed:
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Filed by Phase Forward
Incorporated
Pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company: Phase
Forward Incorporated
Commission File No.:
000-50839
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Oracle Buys
Phase Forward Expands Oracles solutions for the life sciences and healthcare
industries April 16, 2010
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Oracle is
currently reviewing the existing Phase Forward product roadmap and will be
providing guidance to customers in accordance with Oracle's standard product
communication policies. Any resulting features and timing of release of such
features as determined by Oracle's review of Phase Forwards product roadmap
are at the sole discretion of Oracle.
All product roadmap information, whether communicated by Phase Forward
or by Oracle, does not represent a commitment to deliver any material, code,
or functionality, and should not be relied upon in making a purchasing
decision. It is intended for information purposes only, and may not be
incorporated into any contract. SAFE HARBOR FOR FORWARD-LOOKING STATEMENTSCertain
items in this document may constitute forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements involved certain risks
and uncertainties that could cause actual results to differ materially from
those indicated in such forward-looking statements, including, but not
limited to, the ability to complete the Merger in light of the various
closing conditions, including those conditions related to regulatory
approvals, the ability of the parties to consummate the proposed Merger; the
impact of the announcement or the closing of the Merger on Phase Forwards
relationships with its employees, existing customers or potential future
customers; the ability of Oracle to successfully integrate Phase Forwards
operations and employees; the ability to realize anticipated synergies and
costs savings of the proposed Merger; and such other risks detailed in the
Phase Forwards Annual Report on Form10-K filed with the SEC on February 26,
2010 and other reports filed with the SEC. In addition, the statements in
this document reflect the expectations and beliefs of Phase Forward and/or
Oracle as of the date of this document.
Phase Forward and Oracle anticipate that subsequent events and
developments will cause their expectations and beliefs to change. However, while Phase Forward and Oracle may
elect to update these forward-looking statements publicly in the future, they
specifically disclaims any obligation to do so. The forward-looking statements of Phase
Forward and/or Oracle do not reflect the potential impact of any future
dispositions or strategic transactions, including the Merger, that may be
undertaken. These forward-looking
statements should not be relied upon as representing Phase Forwards or
Oracles views as of any date after the date of this document.In addition,
please refer to the documents that Oracle and Phase Forward, respectively,
file with the Securities and Exchange Commission (the SEC) on Forms 10-K,
10-Q and 8-K. These filings identify and address other important factors that
could cause Oracle's and Phase Forward's respective financial and operational
results to differ materially from those contained in the forward-looking
statements set forth in this document. You are cautioned to not place undue
reliance on forward-looking statements, which speak only as of the date of
this document. Neither Oracle nor Phase Forward is under any duty to update
any of the information in this document.
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IMPORTANT
ADDITIONAL INFORMATION WILL BE FILED WITH THE SEC Phase Forward Incorporated
(Phase Forward) plans to file with the Securities and Exchange Commission
(the SEC) and mail to its stockholders a proxy statement in connection with
the proposed merger with Pine Acquisition Corporation, pursuant to which
Phase Forward would be acquired by Oracle Corporation (Oracle) (the
Merger). Investors and securityholders of Phase Forward are urged to read
the proxy statement and the other relevant material when they become
available because they will contain important information about Phase
Forward, Oracle and the proposed transaction. The proxy statement and other
relevant materials (when they become available), and any and all documents
filed by Phase Forward with the SEC, may be obtained free of charge at the
SECs website at www.sec.gov. In addition, investors and securityholders may
obtain free copies of the documents filed with the SEC by Phase Forward by
directing a written request to Phase Forward Incorporated, 77 Fourth Avenue,
Waltham, Massachusetts 02451, Attention: Investor Relations. INVESTORS AND
SECURITYHOLDERS ARE URGED TO READ THE PROXY STATEMENT AND THE OTHER RELEVANT
MATERIALS WHEN THEY BECOME AVAILABLE BEFORE MAKING ANY VOTING OR INVESTMENT
DECISION WITH RESPECT TO THE PROPOSED TRANSACTIONS. Phase Forward and its
directors and executive officers may be deemed to be participants in the
solicitation of proxies from the securityholders of Phase Forward
inconnection with the proposed Merger. Information about those executive
officers and directors of Phase Forward and their ownership of Phase Forward
common stock is set forth in the proxy statement for Phase Forwards 2010
Annual Meeting of Stockholders, which was filed with the SEC on March19,
2010, and is supplemented by other public filings made, and to be made, with
the SEC by Phase Forward. Investors and securityholders may obtain additional
information regarding the direct and indirect interests of Phase Forward,
Oracle and their respective executive officers and directors in the Merger by
reading the proxy statement and other public filings referred to above.
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What We Are
Announcing. Oracle acquires Phase Forward Oracle to purchase Phase Forward
for $17.00 per share, subject to required approvals Transaction expected to
close mid-2010. Phase Forward is a leading provider of applications for life
sciences companies and healthcare providers Over 335 customers, including
top pharmaceutical and biotech companies, medical device firms, academic
medical centers, contract research organizations and regulatory agencies
Used in more than 10,000 clinical trials with over 1 million trial study
participants . Oracle Health Sciences and Phase Forward products are expected
to accelerate the delivery of innovative therapies to patients and help
control healthcare costsAllows researchers, clinical development
professionals, physicians, regulators and patients to more cost-effectively
and securely contribute, access and share data Speeds the time to market of new
therapies by facilitating adaptive trials Increases the efficiency of study
recruitment, monitoring and analysis Provides greater insight into patient
outcomes and safety during clinical trials and post-market surveillance. Phase
Forward management and employees expected to join Oracle as a part of the
Oracle Health Sciences Global Business Unit
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Strategic
Importance to Oracle The life sciences and healthcare industry must control
costs while accelerating patient-centered innovation Legislative and
economic pressures are forcing healthcare providers to lower costs Pharmaceutical, biotech and medical device
manufacturers need to speed a growing number of viable therapies and devices
to market Paper-based or unstructured data capture impedes the reuse of
medical data Regulatory scrutiny is increasing the cost of clinical trials
and post-approval monitoring. A standards-based IT infrastructure will help
improve access, quality and cost Connects researchers, regulators, physicians
and patients to speed innovation, better engage patients in their own care
and support the trend toward personalized healthcare Merges clinical trial
and care delivery data to enable the development of targeted therapies Streamlines the process of drug discovery
through care delivery and management. Together Oracle and Phase Forward will
help support innovation, deliver personalized medicine and control costs Oracle
Health Sciences provides clinical study design, clinical trial and healthcare
data management, clinical and healthcare analytics and healthcare
interoperability solutions Phase Forwards SaaS-based software streamlines
the collection, management, and analysis of data from clinical development
through care delivery
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Life Sciences
and Healthcare are Converging to Deliver Personalized, Value-Based Healthcare
HEALTH CARE LIFE SCIENCES Paper based system Paper based records Electronic
Data Capture Personalized Healthcare Safety and Pharmacovigilance Imaging and
Genomics Patient Care and Disease Mgmt Trial & Error Healthcare Evidence
Based Healthcare PrecisionHealthcare Mass-production and distribution of
drugs begins Targeted Therapies Increased
regulation and efficacy standards ElectronicMedical Records Analytics Translational
Medicine LIFE SCIENCES HEALTHCARE DNA chemistry and advanced technology Managed
Healthcare
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Combination
will Streamline Processes and Provide Greater Insight Across Health Sciences.
Removes barriers between functional silos. Lowers the cost of drug development.
Supports translational medicine to bring new therapies to patients more
quickly. Improves patient safety end-to-end. Delivers targeted therapies and
more personalized care. Supports value-based healthcare DrugDiscovery DrugDevelopment
ClinicalResearch CareDelivery Care Management businessman nurse2 scientist http://www.enovapharm.com/Pharmaceutical.jpg/Pharmaceutical-full;init:.jpg
R&DProductivity Translational Medicine Quality& Safety PersonalizedCare
Insights Innovation Value HEALTH SCIENCES
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Phase Forwards
Integrated Clinical Research Suite . Manages
clinical development data and safety processes from Phase 1 through
regulatory submission and post-approval monitoring . SaaS-based offerings give customers more
choices for software deployment
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Phase Forward
has Demonstrated Success with Customers that Span Health Sciences Pharmaceutical
Biotech CROs Government & Regulatory Medical Devices Medical Centers Allergan
Alliance Pharma AstraZeneca Pharmaceuticals Bayer Healthcare Eli Lilly
&Company Forest Laboratories GlaxoSmithKline
Inst. de Recherches Internationales Servier Merck&Co Mitsubishi Tonabe Novartis Orexigen Otsuka
America Reckitt Benckiser sanofi-aventis Takeda Procter& Gamble Aerovance Alexion Asklep Atherogenics Celgene
Genzyme Merck Serono Morphotek Theravance United Therapeutics Everest
ICON Medpace Novella Onmicare PAREXEL
Prologue Quintiles RTI SGS Veristat U.K. Medicines and Healthcare Prods. Regulatory Agency (MHRA) U.S. Center for Disease Control U.S. Department of Defense (DoD) U.S. Food & Drug Administration (FDA) Bausch& Lomb Biotronik Boston Scientific
Brainsgate CardioDynamics International Conceptus GE Healthcare Medtronic Philips
Oral Healthcare Q-MED AB Stryker Biotech Aurum
Institute for Health Research Cancer
Research UK Children's Hospital Boston
Children's Hospital of Philadelphia Dana Farber Cancer Institute Duke Clinical Research Institute Guandong University Harvard Clinical Research Institute Massachusetts General Hospital Mayo Clinic College of Medicine National Health& Medical Research
Council Source:
Customer list from Phase Forward10KCROs = Contract Research Organizations
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Oracle Health
Sciences Post-Close Portfolio. Promotes innovation through focused Health
Sciences investment. Supports Clinical Development through Patient Care. Increases
efficiencies and security. Accelerates adoption of standards-based IT. Reduces
total cost of ownership HealthSciences Life Sciences Interactive Response
Tech Clinical Trial Mgmt Electronic Data Capture &Patient Reported
Outcomes Health Sciences Integration & Data Management Clinical Dev
Center Healthcare Healthcare Interoperability Terminology Management HC
Master Person Index Specimen Management(Bio-Banking) Safety, Pharmacovigilance
& Risk Management Signal Detection Coding & Thesaurus Mgmt Phase 1
Clinic Automation Lab Info Management Systems (LIMS) Life Sciences and
Healthcare Analytics Life Science Data Hub Healthcare Data Mgmt
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Combination to
Deliver Health Sciences Portfolio with Multiple Deployment Options Customer
Benefits. Supports processes that span life sciences and healthcare. Greater
transparency into patient outcomes for value-based healthcare. Speeds time to
market for drugs and therapies. Improves data management, aggregation and
analysis. Lowers total cost of ownership. Provides greater choice with
on-premise or SaaSofferings. Increases domain expertise and investment in
health sciences solutions http:// www.medicaltranscription service
company.com/ media/pix/ clinics- groups -practice.png Clinics Health_3.jpg_ lores.JPG CROs
Health_2.jpg_lores.JPG Hospitals Regulators public sector_5_lores.JPG
Flexible, Open and Integrated Integrated Analytics Best Practice Business
Logic Health Sciences Data Model PublicHealth_1.JPG Patients + health_a
Bio-banks accelerates delivery of innovative therapies to patients and helps
control healthcare costs
http://www.psenterprise.com/sectors/pharma/images/pharma_pills.jpg Pharma/Biotech
BusinessLifestyle_2.jpg_lores.JPG Medical Centers
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PhaseForwardv8LogoCMYk.eps
ProvenAsALeaderSlide2.jpg 12 For More Information Visit www.phaseforward.com ©
2010 Phase Forward Incorporated. All rights reserved. www.phaseforward.com
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IMPORTANT ADDITIONAL
INFORMATION WILL BE FILED WITH THE SEC
Phase Forward Incorporated (Phase Forward) plans
to file with the Securities and Exchange Commission (the SEC) and mail to its
stockholders a proxy statement in connection with the proposed merger with Pine
Acquisition Corporation, pursuant to which Phase Forward would be acquired by
Oracle Corporation (Oracle) (the Merger).
Investors and security holders of Phase Forward are urged to read the
proxy statement and the other relevant material when they become available
because they will contain important information about Phase Forward, Oracle and
the proposed transaction. The proxy statement and other relevant materials
(when they become available), and any and all documents filed by Phase Forward
with the SEC, may be obtained free of charge at the SECs web site at
www.sec.gov. In addition, investors and security holders may obtain free copies
of the documents filed with the SEC by Phase Forward by directing a written
request to Phase Forward Incorporated, 77 Fourth Avenue, Waltham, Massachusetts
02451, Attention: Investor Relations.
INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT AND
THE OTHER RELEVANT MATERIALS WHEN THEY BECOME AVAILABLE BEFORE MAKING ANY
VOTING OR INVESTMENT DECISION WITH RESPECT TO THE PROPOSED TRANSACTIONS.
Phase Forward and its directors and executive
officers may be deemed to be participants in the solicitation of proxies from
the security holders of Phase Forward in connection with the proposed Merger.
Information about those executive officers and directors of Phase Forward and
their ownership of Phase Forward common stock is set forth in the proxy
statement for Phase Forwards 2010 Annual Meeting of Stockholders, which was
filed with the SEC on March 19, 2010, and is supplemented by other public
filings made, and to be made, with the SEC by Phase Forward. Investors and
security holders may obtain additional information regarding the direct and
indirect interests of Phase Forward, Oracle and their respective executive
officers and directors in the Merger by reading the proxy statement and other
public filings referred to above.
SAFE HARBOR FOR
FORWARD-LOOKING STATEMENTS
Certain items in this document may constitute
forward-looking statements within the meaning of the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. These forward-looking
statements involved certain risks and uncertainties that could cause actual
results to differ materially from those indicated in such forward-looking
statements, including, but not limited to, the ability to complete the Merger
in light of the various closing conditions, including those conditions related
to regulatory approvals, the ability of the parties to consummate the proposed
Merger; the impact of the announcement or the closing of the Merger on Phase
Forwards relationships with its employees, existing customers or potential
future customers; the ability of Oracle to successfully integrate Phase Forwards
operations and employees; the ability to realize anticipated synergies and
costs savings of the proposed Merger; and such other risks detailed in the
Phase Forwards Annual Report on Form 10-K filed with the SEC on February 26,
2010 and other reports filed with the SEC.
2
In addition, the statements
in this document reflect the expectations and beliefs of Phase Forward and/or
Oracle as of the date of this document.
Phase Forward and Oracle anticipate that subsequent events and
developments will cause their expectations and beliefs to change. However, while Phase Forward and Oracle may
elect to update these forward-looking statements publicly in the future, they
specifically disclaims any obligation to do so.
The forward-looking statements of Phase Forward and/or Oracle do not
reflect the potential impact of any future dispositions or strategic
transactions, including the Merger, that may be undertaken. These forward-looking statements should not
be relied upon as representing Phase Forwards or Oracles views as of any date
after the date of this document.
3
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