Acuo Technologies, developers of the market leading high-performance software for intelligent medical image management, data migration tools and services, announces another year of record growth during Fiscal Year 2008.
The company achieved 91% growth over the previous year in sales bookings and a GAAP revenue increase of 96%, while adding 72 additional implementations of the DICOM Services Grid™ software solution; totaling 264 implementations worldwide. Furthermore, the company has experienced a compounded annualized increase of 175% in sales bookings and 54% in GAAP revenue over the past 3 years.
I am very pleased to see the market acceptance of Acuo’s DICOM Services Grid™ software solution suite and advanced professional service offerings,” stated Jeff Timbrook, CEO. “I want to personally thank our partners and customers for another great year in our company’s history. In order to service the growth in business, we have recently increased our staffing levels in support and operations to keep up with the demand for our products. We look forward to 2009 as we continue to ramp up for another significant growth year.” As well, Acuo Technologies will be showcasing version 6.0 of its DICOM Services Grid solution, a distributed framework for managing ever-increasing medical imaging volume, at HIMSS’09. By freeing the archive function from PACS, the Acuo DICOM Services Grid allows healthcare institutions to finally own their own digital imaging data offering institutions data liquidity, without future data migration headaches. Features in the latest release include full XDS-I Source and XDS Consumer functionality.
About Acuo Technologies
Acuo Technologies, with headquarters in St. Paul, MN, was founded in 2000 with the objective of developing the first enterprise-wide collaborative asset management solution for medical DICOM images residing in a Picture Archiving and Communications System (PACS). Over 264 implementations around the world have deployed AcuoMed®/AcuoStore® software solutions. For more information, visit www.acuotech.com.
Chief Financial Officer