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Quality Excellence and Manufacturing Excellence systems to be showcased.
May 18, 2022
By: Tim Wright
Editor-in-Chief, Contract Pharma
MasterControl, the developer of a digital platform that enables life sciences and regulated companies to develop, manufacture and commercialize life-changing products, will be exhibiting at INTERPHEX with their quality management system (QMS), Quality Excellence, and modern manufacturing execution system (MES), Manufacturing Excellence, MasterControl ended 2021 with more than $100 million annual recurring revenue (ARR), representing over 30% year-over-year growth. The company has doubled revenue over the last three years to reach this milestone. Additionally, MasterControl surpassed 1,000 global customers in 2021. “MasterControl is committed to guiding critical, regulated industries away from inefficient paper processes and providing solutions that help them achieve digital transformation,” said Jon Beckstrand, CEO, MasterControl. “Exceeding $100 million ARR in 2021 signals the demand life sciences companies have for digital quality management and manufacturing execution systems. This need is emphasized further coming off a pandemic where vaccines and treatments needed to get to market quickly with the highest quality.” In addition to continued financial success, the company now has more than 100 customers using Manufacturing Excellence, a solution that provides a paperless production record and can be integrated with other enterprise systems, such as ERP, LIMS, and CRM. With a completely paperless manufacturing process, MasterControl Manufacturing Excellence customers have reduced data integrity errors by 90%, decreased batch review time by 75%, and reduced deviations by 25%. The company also launched MasterControl Insights in October 2021. The new product is designed to help customers quickly evaluate data for better decision-making. Specifically built for quality and manufacturing professionals in highly regulated industries, MasterControl Insights provides users with the ability to analyze, visualize, and leverage quality and operational data to improve business outcomes. The product sets a powerful base for more advanced data analysis using artificial intelligence (AI) and machine learning (ML). “There is so much innovation in life sciences and it’s happening quickly,” said Beckstrand. “Our quality and manufacturing software is designed to be flexible and configurable to adapt alongside that innovation and help our customers bring life-changing products to market.” MasterControl is exhibiting at booth #1638.
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