Munich, February 2023. Smart Reporting is excited to announce that following a stellar business performance in what can be described as a challenging macroeconomic year 2022, it has expanded its management team. The Munich based healthtech named Peter Vanovertveld as co-Chief Executive Officer (CEO), to share CEO responsibilities with founder Prof. Dr. Wieland Sommer. Christian Odaker previously VP Engineering is new Chief Technology Officer (CTO) at Smart Reporting. The expansion of the management team took place on January 1, 2023.
Peter Vanovertveld (48) joined Smart Reporting in January 2022 as Chief Commercial Officer (CCO) & Chief Operations Officer (COO). As the person in charge of the Operations and Commercial Departments, he made an immediate impact focusing the organization on top and bottom line. Smart Reporting increased revenue by 138% in 2022 and reduced the cost structure by 37%. Moreover, the committed revenue for 2023 was increased significantly therefore at beginning of 2023, Smart Reporting has already seen a 32% increase in revenue (YoY) compared to 2022.
With the roll out of its latest most evolved reporting solutions in 2022, Smart Reporting in 2023 focuses on growing sales partnerships and international expansion while continuing to drive innovations into the market. Against this background, the division of responsibilities between Wieland Sommer and Peter Vanovertveld is the basis for the further successful development of the company.
Wieland Sommer said, “the opportunity to drive innovation, growth, and market leadership by delivering incomparable value in clinical reporting drove me to set up Smart Reporting in 2014. This opportunity continues to excite me and I look forward to working closely with Peter Vanovertveld, Christian Odaker and the Board, not to mention our leadership team and colleagues, to realise our products full potential as the world’s leading clinical reporting software”.
Peter Vanovertveld said, “it is a privilege to become co-CEO of Smart Reporting. In 2022 we have proven to be a global leader in clinical reporting launching the latest innovations of our software. 2023 will be all about expanding our commercial activities and in doing so increasing workflow efficiency in radiology, pathology, and oncology reporting in particular.”
Rolf Christof Dienst, Chairman of the board of directors, commented, “after an outstanding 2022 performance notwithstanding the significant headwinds of the global economy, the Board fully endorse that Peter and Wieland together running the company as co-CEOs. This is the optimal approach for Smart Reporting’s next chapter. Peter is both a values-oriented and highly execution-driven leader. He knows how to nurture a culture of performance excellence, has a strong track record of growth and value creation, and brings relevant industry experience. Wieland is a recognized and successful serial healthcare entrepreneur with a profound understanding of the market and whose expertise to bring software innovation to the market already resulted in a successful exit with his previous company Planerio in 2021. The Board is convinced of the complementarity of the two leaders and fully committed to strategic continuity as we hand the two a mandate of exceptional execution and growth acceleration.”
Prior to joining Smart Reporting, Peter Vanovertveld worked for 22 years across pharmaceutical and biotech industry leaders. At Baxter and its spin-off Baxalta he held country, regional, and global leadership roles working in Belgium, Switzerland, and the US. At Vifor Pharma, Peter led the Market Access, Health Economics & Outcomes Research, Pricing, and Policy departments, where his responsibilities included introducing commercial agreements excellence.
With the appointment of Christian Odaker, Smart Reporting gains a CTO with deep knowledge and experience in the field of health technology. Prior to his new role, Christian built his expertise for ten years holding leadership roles as VP Engineering at Smart Reporting and before that was part of Heidelberg Engineering and ESI Group.
About Smart Reporting
Smart Reporting was founded in 2014 by Wieland Sommer, Professor of Radiology and Master in Public Health (Harvard, USA), in Munich, Germany, with the vision of leveraging the value of data in medicine for better decision making and treatment. Today, the company brings together a large interdisciplinary team of physicians and software engineers to develop software based on a deep understanding of clinical workflow. Its multilingual, cloud-based structured reporting software for diagnostic medicine and clinical documentation is used by more than 10,000 physicians in over 90 countries. www.smart-reporting.com
For further information please contact:
Investor Relations
p.vanovertveld@smart-reporting.com
Press Office
Thomas Doriath
Media Relations Smart Reporting
Email: t@doriath-komm.de
Tel: +49 176 24 24 42 83