Triples Revenues, Reports Record Year
HUDSON, Mass. - February 24, 2003 - Skyscape, Inc., today announced
that it tripled its revenues in 2002, as a result of significant
customer and partnership successes. Skyscape's strategy of providing
trusted medical and nursing references from leading publishers
has been the key to widespread acceptance of its solutions by
medical and nursing professionals, hospitals and healthcare enterprises,
resulting in the tripling of its user base.
Additionally, Skyscape more than tripled its number of alliances
with the world's leading medical and nursing publishers, including
McGraw-Hill, Elsevier Health Science, F.A. Davis, Lippincott Williams
& Wilkins, Facts and Comparisons, Thomson, Therapeutic Research
and Springer-Verlag. The company now offers more than 100 trusted
"powered by Skyscape" references for Palm and Pocket
PC/Windows CE devices, a significant increase since 2001.
Skyscape-powered software has been deployed throughout the enterprise
with health information partnership companies. At the University
more than 900 PDAs with Skyscape applications were deployed to
its doctors and residents to improve the access to critical information
and quality of
healthcare. Studies have shown that the ability to access and
retrieve information at the point-of-care reduces medical errors
and increases the time available to deliver quality patient care.
Since its founding in 1993, Skyscape has been a visionary leader
in the PDA market with a number of recognized firsts:
· The first company to initiate PDA solutions for healthcare
with its landmark Constellation Project involving Apple's Newton
platform with Brigham & Women's Hospital, Harvard Medical
School and Massachusetts General Hospital.
· The first patented technology enabling seamless integration
between trusted medical references from different sources including
the Physicians' Desk Reference and Griffith's 5-Minute Clinical
Consult. smARTlinkT is part of Skyscape's patented technology
that can aggregate information from any
source, organize the information and then create highly intuitive
context-sensitive solutions for PDAs, cell phones and other
· The first company to offer end-to-end mobile medical
solutions - including data input and transactions through partners
such as MedAptus and ArcStream.
· The first company in this market to have more than
150,000 active, registered users of trusted, gold standard medical
and nursing reference content.
· The first company to deploy a comprehensive portfolio
of trusted content to healthcare professionals all over the
world through partnerships with over 19 of the world's most
trusted medical and nursing content providers.
· The first company to offer over 100 medical and nursing
references for the handheld platform - in over 25 specialties.
· The first company in its market to form partnerships
with more than 120 residency and medical school programs, hospitals
and group practices -
including Harvard Medical School, Stanford University, Abbott
Northwestern, and the University of Massachusetts Medical Schools.
· The first company to partner with worldwide, non-profit
agencies such as SATELLIFE and the Academic Alliance for AIDS
Care and Prevention in Africa to provide clinical references
to physicians in remote areas such as Uganda and Kenya.
"Skyscape is proud of our achievements in 2002 where we
provided medical practitioners access to the information needed
to improve the quality and
efficiency of healthcare decision making," stated Sandeep
Shah, president and CEO of Skyscape. "The increased adoption
rate from healthcare enterprises validates our solution strategy.
And we look forward to 2003 where Skyscape will continue to strengthen
its leadership position with the launch of our next generation
platform for the enterprise."
Skyscape in Action
In 2002, Skyscape's technology helped save lives worldwide, from
high-tech corridors to the most remote parts of the world. In
Massachusetts, emergency responders from MedFlight access critical
information en route to accidents. And through its partnerships
with SATELLIFE and the Academic Alliance, Skyscape also brought
its technology to Uganda and Kenya, where it provided medical
professionals with the information they required, even when out
in the field.
Skyscape's solutions bring critical, actionable information to
doctors, in a context they can use - reducing the time doctors
need to access critical information. Through the use of Skyscape
solutions on their handhelds, physicians can diagnose illnesses,
determine treatment, prescribe medication, identify drug interactions,
calculate dosages, and perform all the necessary steps involved
with quality patient care right at the patient's bedside.
Research has shown that the ability to capture and retrieve information
at the point-of-care can reduce the time it takes to deliver care
in half and can significantly reduce prescription errors. The
power of handhelds has been recognized by the medical industry,
with almost 50 percent of doctors and residents today using the
devices. Skyscape's ARTT (Advance Reference and Transaction Technology)
based solutions enable practitioners to follow
their own intuitive thought process and workflow, improving care
quality and reducing administrative time.