Novarum has announced significant developments following a notable revenue surge. The Edinburgh-based company, specialising in smartphone diagnostics, recorded a remarkable 78 per cent increase in revenue for 2015/2016.
This financial success has precipitated a substantial expansion in team size, with the company poised for further growth in the upcoming year.
Expansion Driven by Revenue Surge
Novarum, a specialist in smartphone diagnostic solutions, has experienced an astounding 78 per cent increase in revenue for the year 2015/2016, leading to notable company expansion. This growth has resulted in a 50 per cent increase in team size over recent months, with further personnel additions imminent.
The Edinburgh-based company attributes its momentum to a rising demand for mobile technology applications, particularly among diagnostic firms. The expansion reflects Novarum’s strategic positioning within the industry following its acquisition by BBI Group in October 2016.
Strategic Recruitment and Team Growth
To support its expansion, Novarum is augmenting its team with six new members, while also planning for four additional hires soon. These appointments include a new customer relations manager and roles in commercial, quality assurance, and software engineering for both web and mobile development.
The company’s swift recruitment process underscores its commitment to scaling its operations to meet the burgeoning demand for its innovative solutions.
Pioneering Mobile Diagnostic Solutions
At the core of Novarum’s success is its smartphone reader technology, which allows users to perform and share diagnostic tests effortlessly. The technology requires no additional hardware and boasts a low total cost of ownership.
This tool empowers users by facilitating immediate test reading and secure result sharing with healthcare professionals or specified end users, regardless of location.
The applications of this technology extend across various sectors, including medical, food safety, veterinary, and aviation industries, highlighting its versatility and broad utility.
Strengthened by Strategic Acquisition
The 2016 acquisition by BBI Group has significantly enriched Novarum’s access to a wealth of expertise in diagnostics, boasting a resource pool exceeding 450 specialists. This alliance empowers both entities to broaden their customer base and enhance service offerings.
By integrating smartphone reader capabilities, Novarum delivers accuracy and convenience to industries needing seamless connectivity and reliable diagnostic outcomes.
The strategic synergy between Novarum and BBI Group exemplifies a forward-thinking approach in leveraging collective strengths to maximise market impact.
Meeting Industry Demands with Innovation
Novarum’s innovative technology meets the demands for effective and efficient point-of-care testing solutions, fulfilling the needs of medical professionals and field workers alike.
The company’s advancements allow for diagnostic testing to be conducted in remote and challenging environments, underscoring the robustness and reliability of its solutions.
Novarum’s growth trajectory is shaped by its ability to adapt and evolve, continually enhancing its offerings to stay ahead in a competitive landscape.
Future Prospects and Industry Impact
As Novarum continues to expand its team and capabilities, it sets sights on further market penetration and growth. The company stands at the forefront of mobile diagnostic technology, poised to revolutionise the industry with its groundbreaking solutions.
Continued investment in innovation and strategic hires are central to Novarum’s strategy to maintain its competitive edge and drive future success.
Commitment to Quality and Service
With each strategic move, Novarum reaffirms its dedication to providing high-quality, reliable solutions that address the evolving needs of its clients.
The company’s focus remains steadfast on maintaining service excellence while nurturing innovation and expanding its technological capabilities.
In conclusion, Novarum’s impressive growth and strategic initiatives underscore its role as a leader in mobile diagnostic technology. The company’s forward-thinking approach and commitment to innovation position it for continued success in the dynamic landscape of diagnostic solutions.