ELN provider sees continued profit growth
Electronic notebook provider IDBS has had double-digit revenue growth and profitability for 2007.
Sales revenues have increased by almost 50 per cent since 2005, on the back of developments to core product lines such as the ActivityBase Suite. Much of the revenue has also come from existing customers who have invested in new technologies such as the E-WorkBook Suite, with a consistently high level of renewals and substantial market expansion to new customers.
IDBS’ financial growth has led to investment in both customer support and development. IDBS has complemented its existing consultancy function with more dedicated chemistry and biology specialists in both the EU and US. Investment in software development has resulted in major new product features and expansions to its product line.