Message from Bang Chau
VP of Strategic Business Development and Co-founder
Innovit is dedicated to improving the healthcare supply chain by delivering high-quality product master data to care providers, regulators, suppliers and consumers of medical products that improve everyone’s safety & well-being. We released our first PIM and MDM systems for customers back in October 2000, long before the rest of the world coined the TLAs of: PIM and MDM.
We released our first GDSN Connector systems for customers in 2005 when GDSN first came into existence, 20 years on, Innovit is the only software vendor that can boast the capability to support all of the major GDSN data pools around the world including: 1WorldSync, atrify, NPC, GHX, TrueSource, DAS and Syndigo (FSEnet). We’ll be releasing more GDSN Connectors to other “top 10” data pools throughout 2024 and 2025.
We’re organically grown and do not depend on volatile VC or PE for our growth capital. We’re profitable and are capital efficient – we don’t need venture capital or private equity to fund huge losses as a result of unsustainable growth targets set by these short-term investors. In Healthcare, we know that achieving quality takes time, and patience, and diligence and discipline – financially, operationally and technically. There is no substitute for experience and patience! (no amount of investor capital can replace this).
We’ve grown profitably by being more efficient than most of Innovit’s peers and competitors. Over the past 25 years, we’ve seen dozens of PIM and MDM companies come and go, most of them have raised tens of millions even hundreds of millions in external capital and yet, 95% of them have disappeared because their investors have long since moved on.
Innovit is still here today, laser focused on our founding vision of democratizing master data management to bring quality to master data. We make the process of achieving Trusted Data very Simple!
With the launch of our cloud-native and serverless Genesis MDM platform, we’ve demonstrated yet again, Innovit’s culture of relentless, continuous innovation.
We are proud of our longevity and unwavering culture of Innovation in all things related to ‘master data’ & software quality.
