Company Profiles - TriNetX, Custodix, and HealthVerity

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Company Profiles - TriNetX

TriNetX was founded in 2013. The company acquired Custodix on April 2, 2019. Gadi Lachman is the Chief Executive Officer of TriNetX. TriNetX is in partnership with Virginia Commonwealth University (VCU) and Carilion Clinic.

The link to the spreadsheet is here.

Founding Year

Funding History

  • Total Funding: $42.5 million
  • Received $40,000,000 as a Series D fund from Merck Global Health Innovation Fund on March 13, 2009.
  • Received $2,500,000 Convertible Note on February, 29, 2006.

Management Hierarchy

1. Gadi Lachman: Chief Executive Officer
2. Steve Kundrot: Chief Technology Officer
3. Brian Flaherty: Chief Commercial Officer
4. Manfred Stapff: Chief Medical Officer

Key Technical Employees

1. Steve Kundrot: Chief Technology Officer
2. Steve Lethbridge: Senior Vice President, Global Data Networks
3. Brecht Claerhout: Senior Vice President/Managing Director, Europe

Partnerships, Mergers, & Acquisitions

Target Market/Customers

  • Their target market/customers are healthcare organizations, biopharmaceutical companies, and contract research organizations (CROs).

Operating Countries

  • The company operates in Australia, Brazil, Bulgaria, Estonia, Germany, Hungary, India, Israel, Italy, Japan, Malaysia, Philippines, Singapore, the United Kingdom, and the United States.


Types of Data Held

  • Clinical facts from hundreds of healthcare organizations.
  • Deep specialty data for cardiovascular and oncology.
  • Medical claims, pharmacy claims, and EMR.
  • Different clinical data such as demographics, diagnoses, procedures, vitals, medications, labs, patient location, tumor registry, genomics, facts extracted from physician notes, and other unstructured data.

Amount of Data Held/number of Patients

Data Storage Methods

Types of Medical Centers

Agreements with Medical Centers

Key Customers

  • Some of the key customers are Boston Children’s Hospital, Pfizer, and ICON.
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Company Profiles - Custodix

Custodix was founded in 2000 and has been acquired by TriNetX in April 2019. The company provides data protection solutions to clients in healthcare, commercial, government research organizations and hospital industries. The company profile of Custodix can be accessed from column C of the attached spreadsheet.


  • Custodix was founded in the year, 2000. However, it was acquired by TriNetX in April 2019.
  • Its headquarters is in Sint-Martens-Latem, Oost-Vlaanderen, Belgium.
  • The CEO of Custodix is Brecht Claerhout. He is also the SVP/ Managing Director of TriNetX Europe.
  • Custodix targets customers from the healthcare sector who need Trusted Service Providers (TSPs) for data protection solutions for eHealth. It also targets commercial companies and governmental research organizations that deal with security- and privacy-related aspects of modern data management.
  • Custodix offers products including CATS (Custodix Anonymisation Services), PAMS (Patient Identity Management System), and CIAM (Identity & Access Management).
  • Custodix is the company behind InSite, an EHR4CR (Electronic Health Records for Clinical Research) platform. It has 4000 million clinical patient facts.

Research Strategy:

To address this request, we leveraged on the available information from LinkedIn, Custodix and TriNetX websites, and other company profile platforms. Most of the information we have provided were readily available, however, there was limited information on Custodix' funding history and data storage methods. Since its acquisition in April 2019, the company has limited information unique to Custodix as most information centered on TriNetX.
The funding information for Custodix is not available from media pages and company databases like Crunchbase. We conducted further research but could only find that the company was awarded the “Seal of Excellence” but did not receive funding due to budget limits. Other than these, every other information has been provided in the attached spreadsheet.

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Company Profiles - HealthVerity

HealthVerity is a private cloud based medical data storage company. Its target market is that of healthcare institutions and Medical Research Institutions that provide and buy data from it. The data is stored in de-identified form on Healthverity's own private cloud based platform. The company was founded in 2014 by Andrew Kress and Andrew Goldberg, and is based in Philadelphia, USA. The company has data of over 300 million patients in its database.
The following information was scoured about Clinical Big data Company HealthVerity: