WALTHAM, MA--(Marketwired - Jul 8, 2015) - SHYFT Analytics, a leader in cloud-based data and guided analytics solutions for the global life sciences industry, is exceeding its growth expectations as the company closes the first half of the year with 300% year-over-year growth, tripling the number of customers and initiating a major expansion of its Boston headquarters overlooking Charles River and the launch of a new office in California.
In the first half of 2015, demand for SHYFT's industry cloud analytics platform has accelerated culminating with the signing of two top 10 global pharmaceutical companies in the second quarter. The need for patient-centric intelligence and analytics combined with SHYFTs unique industry cloud approach is driving rapid adoption of its platform. The company is hiring aggressively in Massachusetts, and plans to grow to over 100 employees by year-end. To accommodate the growth, the company announced that it is doubling its office space to over 25,000 sq. ft. at their headquarters in the historic Waltham Watch Factory and is planning to open a Bay Area office soon.
"It's an exciting year for our team and a significant milestone demonstrating progress in our products as we're pacing to triple the size of the company over the previous 12 months. Our unique approach and industry technology is driving success for our customers, which is fueling the demand and momentum we are experiencing," offered Zackary King, CEO of SHYFT Analytics.
In April 2015, SHYFT was recognized as one of the most innovative platforms by PharmaVOICE, a leading life sciences forum and publication. The SHYFT Platform empowers life science and healthcare companies to integrate clinical and commercial data in the cloud and deliver mobile patient-centric intelligence and analytics for use across the healthcare enterprise.
The company recently announced the next generation of its enterprise-cloud data and analytics platform for Life Sciences combined with a major re-branding campaign that a corporate name change from Trinity Pharma Solutions to SHYFT Analytics as well as a new website to better reflect the company's technology solution expertise to the larger healthcare market.
SHYFT is enabling a transformation in biotechnology and pharmaceutical as companies bring new drugs to market and delivering better patient outcomes. The company raised $19M in its first round of funding in 2014 from two healthcare focused investment firms.
For more information on the company, please visit, www.ShyftAnalytics.com.
About SHYFT
SHYFT Analytics is the leader in cloud-based data and guided analytics solutions for global life sciences. The company delivers smarter, timelier access to novel insights that provide new ways to look at the healthcare business to increase competitiveness, enhance customer engagement and grow revenue. Purpose-built for the life sciences industry, SHYFT's Enterprise Cloud Analytics Platform is the fastest way to transform healthcare data into actionable insights and achieve significant scale and agility. More information can be found at www.ShyftAnalytics.com
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Contact Information:
Media Contact
Scarlett O'Sullivan
203.240.0462