IRVINE, Calif. -- (BUSINESS WIRE) -- Syprosoft Engineering announced completion of ten years in business. Revenues this year will be two and a half million dollars representing a compound average annual growth rate of 35% since the founding of the firm. Over the years Syprosoft Engineering has built a portfolio of about fifty clients, many of whom have engaged the company for multiple projects.
This year was also marked by several expansion initiatives. Henry Bryson, Director of Sales and Marketing, added a business development person resident in San Francisco to spearhead the company’s expansion in Northern California. The firm hired Robert Lucero as the Director of Product Development and Compliance to strengthen operations and optimize project performance.
The firm also added about two thousand square feet of space to its facility for a total of more than five thousand square feet of space. Laboratory space was expanded from three to five and a second conference room was added.
“We are happy to have reached this milestone and look forward to the next ten years of growth,” said Dipu Ghosh, Founder & President of Syprosoft Engineering. “Our formula remains the same as it was the day we started – put the clients’ interests first and growth will follow.”
About Syprosoft Engineering
Syprosoft Engineering provides R&D services, including software, electrical, mechanical, optics, biomedical and systems engineering. Founded in 2002 it is located in Irvine, California. The company has experience with medical devices, biotechnology, industrial equipment and consumer products. Medical device expertise includes surgical, cardiovascular, radiology, oncology, ophthalmology, dental, diagnostics, therapeutics and drug delivery.
Syprosoft Engineering designs and builds prototypes, performs verification and validation, and supports production launch. As an extension of a client’s engineering department, Syprosoft Engineering provides the critical skills and expertise at the right time to achieve product development goals. For more information please visit www.syprosoft.com.
This press release contains forward-looking statements. These are based on current expectations and beliefs and are subject to numerous risks, uncertainties and change. The parties disclaim any obligation to update any forward-looking statement as a result of developments occurring after this release.