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Clinverse, Inc. Celebrates Five-Year Anniversary, Doubling Revenue Year-Over-Year
Date:12/4/2013

Durham, NC (PRWEB) December 04, 2013

Clinverse, Inc., provider of the first end-to-end, cloud-based financial lifecycle system for automating global clinical payments, celebrates its five-year anniversary with tremendous growth momentum, on track to double revenue year-over-year in 2013, and projected to again double revenue in 2014.

Momentum is clearly building on the global client front. Clinverse is currently contracted to facilitate site payments to thousands of global clinical trial sites in more than 40 countries. The number of ClinPay clients has more than doubled in 2013, and is again expected to do so in 2014. In Q2 2013, a top 5 global biotech implemented ClinPay to automate site payments in 25 countries, and several other enterprise-level contracts are currently in negotiation.

Clinverse has been on a hiring trajectory, nearly doubling its staff over the past year to support its growth. Seasoned, industry veterans joined the executive team, further solidifying the company’s position as the original innovator of automated global clinical payment systems. Clinverse hired and incorporated a structured sales and marketing organization, while also growing its in-house development team by 38% in 2013. In September, Clinverse moved its headquarters to a new location in Durham, NC, more than doubling the size of its previous office space.

Clinverse will continue to expand its financial lifecycle system, with the addition of two product modules to be released in 2014. ClinView will allow sites with approved access to gain real-time views into their respective paid financial history. Clinverse’s Budgeting and Forecasting module will develop and maintain investigator payment budgets, and then apply that data to future trial expectations to provide a financial forecast.

“As pioneers in SaaS-based clinical pay
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