Edinburgh’s Craneware makes great example of ground-up, independent success story
The Edinburgh-headquartered software firm is praised by industry analysts after it records 100% increase in news sales, big hike in pre-tax profits and eyes further acquisitions.
Craneware, the organisation that specialises in the US healthcare sector has reported pre-tax profits up in the year to the end of June. Its pre-tax profits increased 12 per cent to $18.9 million (£14.7m) from $18m (£14m) in 2017. Revenue was up 16 per cent to $67.1m (£52.2m).
The firm talks of many operational highlights that have contributed to this success: more than 100 per cent increase in new sales in the year, including five significant contracts wins or contract extensions; continued supportive market environment as the US healthcare market evolves towards value-based care, with a critical dependency on accurate financial and operating data and continued high levels of customer acquisition and retention.
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