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By 1987, Parexel's annual sales had reached $3 million.
Another important acquisition of the group's early period was that of Barnett Associates, in Philadelphia, Pennsylvania, which added clinical, training, and information systems capabilities in 1990.
Parexel continued to build up its operations into the middle of the decade, establishing new clinical research facilities in Raleigh–Durham, North Carolina, in 1994.
Through 1996, the company completed four important acquisitions.
In 1998, the company had established a new business unit devoted to introducing advanced technologies into the clinical research market.
In 1999, however, the company announced its intention to merge its operations with the then number two company, Covance Inc.
By 2005, the shift in Parexel's geographic operations led it through a restructuring of its United States operations.
French, Liz, "Parexel," Health Executive, October 2006.
The company's fourth segment is its Medical Marketing Services wing, which boosted the company's total turnover to $710 million in 2006.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Firma Clinical Research | 2017 | $2.6M | 119 | - |
| Criterium | 1991 | $9.3M | 50 | - |
| Globin Solutions | 2017 | $39,000 | 1 | - |
| ExecuPharm | 1995 | $76.0M | 750 | - |
| Charles River Labs | 1947 | $4.0B | 18,400 | 353 |
| Pharmaceutical Research Associates, Inc. | 1981 | $30.0M | 30 | 8 |
| Covance | 1987 | $2.6B | 50,000 | - |
| PRA Health Sciences | 1976 | $3.2B | 17,000 | - |
| Pharmaceutical Product Development | 1985 | $65.0M | 21,000 | - |
| Medpace | 1992 | $2.1B | 2,800 | 62 |
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Parexel International may also be known as or be related to PAREXEL, PAREXEL INTERNATIONAL CORP, PAREXEL International Clinical Research Pvt. Ltd., PAREXEL International Corporation, Parexel, Parexel International, Parexel International Corporation and Parexel International, LLC.