Medical device and life sciences software engineering consulting firm Full Spectrum Software reports 35% growth in year over year revenue. The company has added 8 new clients, nearly half of them are venture capital backed start-ups.
Southborough, MA (Vocus) October 14, 2009 -- Even in a down economy, Full Spectrum Software is reporting major growth in revenue of 35% from the previous year. Andrew Dallas, the company’s CEO notes that even with many medical device and life sciences companies holding off on R&D spending, the company is still far ahead of even its own internal projections. “I’ve been fortunate to have been able to add two key sales and marketing executives to my team and they have made significant contributions in aligning our sales strategy to identify key opportunities for us. We’re forecasting even stronger growth going into Q-1 of next year because our customers are telling us there is a growing backlog of projects that are falling behind and will have to get funded. Most of our customers and prospects are telling us that Q-1 will be the tipping point for those frozen R&D budgets that simply have to thaw out.”
Andrew Dallas also commented, “Being in this business for nearly 14 years helps a great deal as we have a large and loyal client base. In addition, our sales and marketing team are finding very large software engineering and QA projects with great clients who have truly amazing technology. We’re actually working with more venture capital backed companies than we ever have. I think that’s because the truly breakthrough technology is getting funded even in very challenging times. In addition, medical device companies whose products offer hospitals immediate ROI and are not considered a capital expenditure are also doing very well. We are developing software for medical device companies that are developing remote patient monitoring systems and that business segment is growing rapidly. Medical device companies that can deliver diagnostic or other types of clinical data to the physician faster and more accurately have been very successful in 2009.”
About Full Spectrum Software. Founded in 1996, the company is a highly specialized software engineering and QA consulting firm that works exclusively with medical device and life sciences companies. More information about the company's broad portfolio of technical expertise can be found http://www.fullspectrumsoftware.com.
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