The quality management software platform greenlight.guru has reported that it has closed its third quarter as a record-breaking quarter, making it its fourth record-breaking quarter in a row.

The company grew its team by 40% in the last quarter by adding eight new members, two of which were senior level. Jennifer Kier and Thomas Stergar II join the team with more than 20 years of experience in communications and software solutions.

“We grew revenues by 175% in the third quarter of 2017 over the same period in 2016, which is a testament to the quality team we’ve built,” David DeRam, co-founder and CEO at greenlight.guru, said. “Our explosive growth comes off the heels of moving to a new, scalable office space. We’re not only ending the year with a highly motivated team that has helped greenlight.guru hit a nerve in the market, we’re also looking forward to solidifying our foothold in the medical device industry with an upcoming announcement that will allow companies to move past basic compliance to true quality.”

DeRam also credits the company’s growth to the industry specific software greenlight.guru offers.

“Industry specific software is a clear winner in every market. We’ve got these sophisticated smart users. They can recognize an imposter, they know what’s real, they know what’s not real, they kind of know what’s going to help them. That’s why more than half the medical device industry is still on paper systems,” DeRam said. “They know about the general purpose tools that have been available for the last 15 years. They’re not going to be any better than paper. They actually create more problems for medical device companies if they fail. When we looked at the medical device industry five years ago, that’s what we saw. We’re the only company that focuses on the medical device industry.”

(See the best minds in medtech live at DeviceTalks West, Dec. 11–12 in Orange County, Calif.)