Compendia Bioscience continues to grow in Ann Arbor.
Excerpt:
After redesigning its principal product - a cancer profiling database system - Compendia Bioscience is exploring how to leverage the value of its extensive data to secure new revenue.
The Ann Arbor-based health care IT and consulting services firm is also looking to add five employees for a total of 25, said John Freshley, chief business officer.
The move comes as Compendia finished redesigning the Oncomine database, which was originally created at and licensed from the University of Michigan. For Compendia, which experienced 300 percent revenue growth in 2008, the new version of Oncomine represents an upgrade from 3.0 to 4.0.
"We've been working on this release for quite a long time, probably over 18 months," Freshley said. "We almost completely rebuilt the product and the data from scratch."
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