Insights

Full Spectrum Software Reports Over 30% Revenue Growth in the First Half of 2023

Southborough, Mass., Aug. 2, 2023Full Spectrum Software, a rapidly growing product development and engineering services company catering to the medical device, digital health, and life science industries, announces it has achieved significant revenue growth of over 30% in the first half of 2023 compared to the first half of 2022. This growth represents a solid acceleration over the 25% growth achieved in 2022 overall and sets the stage for a strong finish to the year.

 

The company’s exceptional performance has been fueled by various factors, including the addition of four of the top 50 global medical device industry companies as clients. This strategic expansion has solidified Full Spectrum’s position and strengthened its presence in the medical device market.

 

Full Spectrum’s success can also be attributed to the rapid expansion of its unique technology and product consulting services. The company has tailored these consulting services to assist client executives in navigating the increasingly complex medical industry landscape. As the space experiences a surge in digital health advancements and incorporates Artificial Intelligence (AI) solutions, Full Spectrum has positioned itself as a valuable partner for businesses aiming to stay at the forefront of innovation.

 

Full Spectrum’s consultants have been actively working with clients to develop effective strategies that align with the evolving regulatory environment. The recent FDA regulations concerning AI, cyber security, and Software as a Medical Device (SaMD) have significantly impacted product strategies in the medical and life sciences sectors. By providing expert guidance and support, Full Spectrum has helped organizations plan and develop products that adapt and comply with these new regulations, thereby reinforcing its reputation as a trusted partner in the industry.

 

“We are delighted with the exceptional growth we have experienced in the first half of 2023,” said Tim Bowe, CEO of Full Spectrum Software. “Our team’s dedication, coupled with our commitment to innovation and client success, has been the driving force behind this achievement. We look forward to continuing this upward trajectory and delivering unparalleled services and engineering solutions to our clients across the healthcare industries.”

 

About Full Spectrum Software

 

Full Spectrum Software is a product development and engineering services company that focuses on providing cutting-edge solutions to clients in the medical device, digital health, and life science sectors. With its extensive expertise in systems engineering, technology consulting and product development, the company is a preferred partner for organizations seeking to stay ahead in today’s rapidly evolving healthcare landscape. For more information, visit https://fullspectrumsoftware.com/.

 

Media contact:
Andie Moore
(508) 566-7636
amoore@fullspectrumsoftware.com