Greenlight Guru Expands Market Leadership with Strong Momentum in Q3 2023

October 24, 2023

The company continues to rapidly acquire large customers as its software continues to set the industry standard for quality and clinical MedTech solutions.

Greenlight Guru Q3 2023 Results Announcement

Greenlight Guru, the leading provider of cloud-based quality and clinical software for MedTech companies, announces today strong results in Q3 as the company continues to expand its customer base globally and introduce innovative new AI-powered solutions to the market. The company’s growth comes at a time when large medical device companies are moving quickly to modernize legacy systems and improve current processes in order to keep pace with the changing regulatory environment. 

Greenlight Guru was started in 2013 as a purpose-built QMS solution to provide startup medical device companies with a better way to manage quality and design documentation. Ten years later, the company’s modern software is used by over 1,200 companies globally, including two of the largest medical device companies in the world. An independent study shows that Greenlight Guru’s software helps improve speed and efficiency for customers with a 50% reduction in time spent on development and design documentation.

In Q3, the company introduced the new MedTech Suite, a set of purpose-built solutions for medical device companies, designed to help them scale faster, become more efficient, and reduce risk throughout the product lifecycle. Greenlight Guru is also the only software provider in the MedTech industry that is actively leveraging the power of AI across its solutions. Greenlight Guru’s Risk Intelligence uses AI to help companies identify and predict the most relevant device hazards and patient harms with estimated probabilities and severities for their devices, based on real-world adverse event data. And the soon-to-be-released Digital Guru, currently in Beta testing, combines Greenlight Guru’s deep expertise in the medical device industry with the power of AI to create the only chat solution that is specifically trained and tailored for MedTech companies. Click here to join the Digital Guru waitlist.

The impact of Greenlight Guru’s software on its customers has led to it being named a G2 Award Leader in the QMS category for 20 consecutive quarters. In the recently released G2 Fall Grid Report, Greenlight Guru earned a total of 31 badges and was ranked #1 in the Medical QMS space for “Best Results,” “Best Relationship,” and “Most Implementable.” As one G2 Review states, “Greenlight is great because the platform has so many useful tools embedded in one place. You can have your design control matrix, risk matrix, customer feedback, nonconformances, CAPAs, and documents in one easy-to-view platform. Not only is the user interface clean and clear, but the staff are extremely knowledgeable and willing to help.”

“2023 has been a record-breaking year for Greenlight Guru, and that momentum has continued through Q3 as we are acquiring more large global customers at a rapid pace,” says David DeRam, CEO of Greenlight Guru. “We are proud that our MedTech Suite and AI-powered solutions are helping support the life-changing medical devices that are improving lives around the world.”

Jeff Perkins is the Chief Marketing Officer at Greenlight Guru. He’s an experienced technology executive having held leadership positions at ParkMobile, Tricentis, PGi, and AutoTrader. Jeff started his career in the NYC ad industry at Saatchi & Saatchi. He received his BA from American University and MBA from Emory...

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