Company expands its team and offerings to support clients’ evolving needs in mobile, cybersecurity and robotics
Westford, Massachusetts, January 25, 2021 – Despite the challenges of 2020, MedAcuity continued to make significant advancements to grow its core competencies: software architecture, design, delivery and consulting services for MedTech companies. Prior to pandemic-related business interruptions being enforced nationally in April 2020, MedAcuity’s year-over-year revenue growth for the first quarter increased by 20%.
For the remainder of 2020, business results proved resilient as the company continued to make progress in key investment areas including talent management and new service offerings to its clients. It seamlessly maintained business continuity to meet the needs of current clients and responded to an increased demand for its engineering services from new companies, after transitioning to a remote work strategy at the onset of the pandemic to prioritize employee and client safety.
Over the last year, MedAcuity invested in upgrades to existing infrastructure tools and processes along with the addition of several new technologies to ensure continuous improvement in delivery execution and providing unparalleled quality to its clients. It increased its overall secure on-site lab capacity by 50% and tripled its secure on-site Surgical Robotics Lab capacity, adeptly accommodating the migration from working at client facilities.
MedAcuity’s investments are well aligned with the evolving needs and business strategies of its clients. MedTech solution providers are looking to develop the next generation of medical devices and systems to replace large, standalone, self-reliant devices in clinical healthcare settings. MedAcuity offers a wealth of expertise in developing mobile applications and solutions to meet the changing needs of practitioners and patients looking for remote, safe, and secure access.
MedAcuity has over a decade of experience delivering software solutions for clients’ most critical application development challenges for all classes of medical devices, announced several exciting strategic partnerships in 2020:
- Joined the BlackBerry QNX Channel Partner Program to offer engineering services around the BlackBerry® QNX® technology platform to its broad embedded client base in the MedTech industry.
- Partnered with Loft, a holistic user experience and product design studio, to support the full product development lifecycle–from concept to commercialization–for MedTech companies and innovators with a special emphasis on user experience and human factors design.
- Entered into a development partnership with Fathom Consulting, a Minneapolis-based human-centered design consultancy providing extensive user experience (UX) design capabilities, to support the full-service needs of medical device clients from product ideation to deployment and maintenance.
- Teamed up with The Ventilator Project in a pro bono advisory role to support their mission to develop a safer and more affordable ventilator to address the worldwide shortage exposed by the COVID-19 pandemic.
“We continue to push through during these challenging times by focusing on what we can control – employee safety, client satisfaction, and strengthening our business through continuous improvement – and I continue to be inspired by our team’s fortitude and compassion for one another,” said Dennis Fuccione, MedAcuity co-founder and president. “We couldn’t be prouder of the industry we serve in this time of national and global need. To help our clients and the world through this pandemic, we’ve prioritized supporting both for-profit and not-for-profit programs, to deliver the highest quality, safest and most secure software to the MedTech industry.”
Jim McInnis joined the executive team in Q1 as Vice President of Finance & Operations. The company not only retained its most experienced and productive engineering talent, but also had a 22% increase in hiring compared to 2019, with a particular focus on recruiting experienced engineering talent in the areas of mobile, cybersecurity, and medical technology software development.
Cybersecurity is a top issue for the MedTech industry as they continue to grapple with its layers of complexity including identifying threat vectors, prevention and mitigation plans, and ensuring levels of cyber hygiene. MedAcuity continues to grow its cybersecurity consulting practice by adding more professional talent skilled at developing robust cybersecurity programs aligned with FDA guidance.
The company also renewed its focus on the medical robotic sector and the ever-increasing role that medical and surgical robots can play in the future of the MedTech industry. This is a natural evolution for the MedAcuity brand supported by its talent and expertise for developing innovative life- and safety-critical MedTech software solutions for over a decade.
MedAcuity’s 2020 technology investments will allow it to continue to improve its efficiency and output with an emphasis on unsurpassed quality in everything it does. In the year ahead, the company is prepared to continue helping clients navigate the challenges of COVID and its aftermath as the MedTech industry progresses towards a more secure and reliable distributed healthcare ecosystem.
MedAcuity is a specialized engineering firm that focuses on medical technology software development. The trusted and experienced firm was founded in 2007 by a team of seasoned software engineers who identified opportunities to fill gaps in the engineering expertise and efficiency facing the medical technology industry. MedAcuity offers extensive experience across the MedTech industry with full life-cycle software development and subspecialties in other areas including tool validation, algorithm development, and cybersecurity.
MedAcuity, a software engineering firm, partners with companies to address the business and technical challenges inherent in developing complex software-intensive solutions. Offering a combination of strategic consulting services focused on aligning product technology strategy with business goals and full lifecycle software development expertise, we accelerate the pace of innovation for leading companies and innovators in the MedTech, Life Sciences and Robotics industries. With over a decade of experience in software design and development methodologies for highly regulated and compliance-driven environments, our technical capabilities span all levels of software from embedded systems to mobile devices, the cloud and enterprise technologies.
PR Contact: MedAcuity
SVM Public Relations