Onwards and upwards for IDBS

We like to think that we were among the first to ‘discover’ Guildford-based pharma industry data analytics firm IDBS when we met up with founding CEO (and 100% owner), Neil Kipling, about a year ago (see IDBS – mining the story reveals rich growth seams). It’s a great British success story and it looks like the success is continuing, with 2010 revenues (to 31st Dec) up 27% to $46m and a claimed 20%+ operating margin. There’s a few acquisitions in there, so it’s not clear what organic growth was. Meanwhile, they are surely getting to a size where some outside 'help' would be appropriate for the next growth stage. I’m speaking to Neil Kipling shortly and will add ‘colour and movement’ if such there is to add.