Greenlight Guru Revenue Rockets In Q4, Plans Hiring Spree In Q1

Medical device quality management system continues momentum in 2018 with record-breaking growth

Indianapolis - Greenlight Guru, the only cloud-based quality management solution specifically for medical device companies, is pleased to announce momentus growth moving into 2018, shuttling in another record-breaking quarter of revenue and adding notable new customers like AbCam and Cook Advanced Technologies.

On the heels of massive Q3 revenue growth, Greenlight Guru saw a 50 percent rise in new software subscription revenue in Q4 2017, while total revenue doubled year over year. They attribute the surge to an industry-targeted product that is changing the way medical device companies bring products to market and keep them there. With new levels of connectivity and visibility, companies are moving beyond compliance to true quality, easing their fears of noncompliance and embracing quality as a business accelerator.

“We’re experiencing tremendous growth and bringing on some big name customers,” said David DeRam, co-founder and CEO at Greenlight Guru. “Companies are now losing no time embracing modern solutions specifically tailored to their industries. These companies are more equipped and more competitive. They get higher quality products to market faster, with less risk, more features, and ahead of the competition.”

On top of incredible customer growth, the Greenlight Guru team increased their workforce by more than 50 percent in 2017, after doubling their team size in the previous two years. The company is looking to continue that trend and hire a number of new team members in multiple roles across the board in marketing, sales, software development and customer success in Q1 2018, growing their team by 30 percent.

"Greenlight Guru’s software helped us tremendously in the last few months of 2017, during which we had an important ISO 13485:2016 audit,” said Schelte Post, quality manager at MR Coils. “It was very easy to show auditors in what phase every project was, and simply show every piece of documentation we have. In the auditor’s conclusion session he noted that our choice of the Greenlight Guru platform made the interviewing and documentation reviewing transparent and fast. I’m amazed we were able to use and implement the software so quickly."

This momentum follows Greenlight Guru’s new Grow product announcement in October 2017. For more information visit www.greenlight.guru.

About Greenlight Guru

Greenlight Guru is the only quality management platform designed specifically for medical devices companies. The platform helps companies get safer products to market faster, simplifies FDA and ISO regulatory compliance and provides a single source of truth by connecting the management of all quality processes like CAPAs, risk, audits and more. Greenlight Guru’s platform is used by thousands of users across the globe to push beyond baseline compliance achieving True Quality. For more information, visit www.greenlight.guru.