Novel Specialty Analytics and Real World Evidence Solutions Drive 100% Growth to Finish a Breakout Year
Waltham, MA – December 21, 2015 – In less than 20 months after raising its first round of growth capital, SHYFT Analytics, a leader in cloud data management and guided analytics for global life sciences, has grown to over 100 employees and more than doubled the number of Life Sciences customers as it closes out a breakout year. Marked by a 100 percent increase in software subscriptions, new customers include both large pharma companies as well as emerging biotech firms. The SaaS-based company’s exceptional growth has also led to an increase in office space from 12,000 to 25,000 square feet in Waltham, Massachusetts, with plans to expand operations to New York City and the West Coast in the 2016.
The move to the cloud and to value-based healthcare is driving adoption of SHYFT’s cloud-based data management and analytics platform. Healthcare’s focus on complex specialty drugs is fueling demand for real-world patient and treatment insights. These insights are used to measure the health and outcomes of patients across treatment settings to understand the real world impact of medicines on patients and the healthcare system. SHYFT’s Real World Evidence (RWE) solution is experiencing significant traction driven by the need to quickly translate patient-centric intelligence and analytics to measure patient outcomes and drive clinical value.
Additional 2015 highlights include:
- SHYFT is recognized in Gartner’s Hype Cycle for Life Sciences;
- SHYFT’s RWE solution named the most innovative platform by PharmaVOICE;
- Earned a place in the PM360 Innovation issue for SHYFT RWE;
- Finalist for the Mass TLC Annual Awards for innovative technology in Health Care
“The life sciences industry is evolving quickly as new and rich data has enabled transformative change,” said Zackary King, CEO and Founder of SHYFT Analytics. “Whether our customers are bringing new drugs to market or delivering better patient outcomes, they are laser focused on increasing efficiency and agility and we are excited to help them achieve their goals.”
For more information, please visit www.shyftanalytics.com.
SHYFT Analytics is the leader in cloud-based data and mobile analytics solutions for global life sciences. The company delivers smarter, timelier access to novel insights that provide new ways to commercialize drugs and measure patient outcomes 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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