Riffyn Doubles Customers and Recurring Revenue for Fourth Straight Year
Riffyn, provider of the industry's most widely adopted cloud system for intelligent process design, closed another record-breaking year. In 2020, for the fourth year in a row, the company doubled its annual recurring revenue and customer base across the biopharmaceutical, material, renewable energy, healthcare, and food industries.
As the biopharma industry urgently responded to COVID-19, it also accelerated its transformation of aging IT infrastructure, particularly in cloud computing (46% of projected IT spending in 2021). Riffyn's cloud software for intelligent process development, Riffyn Nexus™, supports such digital transformation at 3 of the top 6 largest biopharma companies and 3 of the top 5 largest industrial biotech companies.
Riffyn's business achievements for 2020:
Riffyn's pioneering cloud system, Riffyn Nexus, delivers 2X (News - Alert) faster development cycles and 4X productivity gains to the world's scientific R&D organizations. Its process-centric experiment design, data capture, and data analytics overcome the limitations of traditional scientific data systems - delivering results that are always ready for machine learning. Visit www.riffyn.com.