Cork tech firm Genesis Automation eyeing €140m revenues

Cork-based technology firm Genesis Automation is targeting revenues of up to €140m in the next four years on the back of becoming market leader in its niche area of expertise in the UK and US.

The company says it offers a one-stop-shop system enabling hospitals and healthcare facilities to manage their inventory, stock and overall costs.

Its software is currently installed in 14 UK hospitals — the company claims to have saved its first client Plymouth Hospital, in Devon, £4m in the first year of use — and Genesis hopes to have 33 ‘installations’ (mainly via hospitals, but also healthcare distribution centres) in place by the end of the year.