On March 24, 2008, Bio-Imaging Technologies, Inc. completed the acquisition of Phoenix Data Systems. On April 28, we re-branded ourselves to become BioClinica. BioClinica is a global clinical trials service organization, providing medical image management and eClinical services. This includes electronic data capture and clinical data management solutions to pharmaceutical, biotechnology and medical device companies and other organizations, such as contract research organizations (CROs) engaged in clinical trials.