SciBite Case Study

Background

SciBite are experts in Text Mining, Semantics & Data Intelligence for Biopharma, Biotech & Beyond. Based in Duxford, Cambridgeshire, SciBite have created a semantics-based informatics environment in which text and structured data are easily connected and can be used together for better-informed decision-making. 

Their semantic solutions understand the complexity and variability of content within Life Sciences yet are still simple to use.  The team at SciBite quickly identify and extract scientific terminology from unstructured text and transform it into valuable machine-readable data.

Key challenges

In the early days of SciBite, Founder,Chief Scientific Officer  Lee Harland and CEO Rob Greenwood were dedicated to attracting the right people. It was around this time that Rob wanted to enable SciBite to provide the right kind of benefits for employees. Benefits such as a great pension scheme, due diligence and market research and ability to scale up the business.

As a current private client of gpfm’s Director and Chartered Financial Planner, Simon Frost, Rob was confident that gpfm financial planners could meet SciBite’s professional requirements.

Solution

Now with a team of 16, additional offices in Tokyo, Japan, and Boston USA (to open in Feb, 2017), SciBite, through using gpfm, now offers all staff great pensions, with new starters receiving support on a personal level. The pension scheme needed to be competitive and gpfm have delivered a market-competitive pension scheme, enabling SciBite to attract the right quality of talent.

In addition, gpfm have helped SciBite to provide directors with policies and insurance too that protect both SciBite and its Shareholders. As the company grows, gpfm have ensured that the organisation’s finances and employee benefits meet all legal requirements, as well as maintaining the same high level of face to face contact and responsiveness for the employees that was available at the beginning of the partnership.

A quote from the client:

Rob Greenwood, CEO at SciBite says “I enjoy the interaction with Simon (Frost) at gpfm. gpfm come across as very trustworthy and they do their homework whilst maintaining a personal level of service. They are quick to respond and an absolute pleasure.”

About gpfm

gpfm are an independent financial planning company dedicated to the provision of personal, professional and objectively-driven advice for our clients. We have been awarded the Chartered Financial Planners title by the Chartered Insurance Institute for offering high quality, independent and informed advice that meets the needs of our clients.

If you are seeking financial planning advice, get in touch with us today at enquiries@gpfm.co.uk or call 01992 500 261 now, and see how we can help address your financial future.