Former Rising Stars winner Injury Connect has rebranded as Solv to better reflect its continuing rapid growth and expansion of services into safety and health software.
Perth business Solv has grown during the past decade to provide more digital solutions to occupational health and safety issues.
Former Rising Stars winner Injury Connect has rebranded as Solv to better reflect its continuing rapid growth and expansion of services into safety and health software.
Solv business development manager Ali Morton said the rebranding, which was finalised on February 1, gave the company the opportunity to expand further in the future.
“It also gives us flexibility and allows us to scale as well so if at a later stage we want to develop a new system or a new product, it fits really nicely under the Solv brand,” she said.
“When we had Injury Connect, it didn’t give us much flexibility because it was so specific to injury management.”
The company was founded as Injury Connect in 2009 because its main product focused on injury management, Solv chief solver Glen McIvor told Business News.
With the addition of health and safety software, Mr McIvor said the business needed a new name to incorporate the services.
He said the team trialled many combinations but most of them were taken.
“The only way to come up with a good name these days is to misspell a word,” Mr McIvor said.
“We called the company Solv and then it’s Solv Injury, Solv Safety and Solv Health.”
Mr McIvor said the three software programs provided online management systems that helped large companies: capture, track, manage and report on workplace injuries; address safety concerns including incidents, hazards and audits; and retain employee health records such as pre-employment medicals, drug and alcohol testing and hearing test results.
Since winning the Rising Stars award in 2016, Mr McIvor said the company had steadily increased its sales, clients and employees.
“Every year up to that year was record growth and every year since has been record as well, so in terms of dollars we have increased more and more each year,” he said.
The business now has more than 370 clients including Qantas, Toll and Broadspectrum, most of which have been secured in the past three years.
“Last year we got 80 new clients, the year before we had 70 new clients and the year before we had 60,” Mr McIvor said.
It is also a much bigger company with 50 per cent employee growth last year and 50 per cent the year before that, he added.
Mr McIvor said the company now employed 35 people, with 20 based in Perth, and 15 across offices in Melbourne and Sydney.
Among the key milestones during the past few years was the compilation of a dedicated sales team.
Mr McIvor said when the team only had five or six staff, two would be working in IT and the other four would work in sales, entering data, doing the training, providing support and related tasks.
“Now that we are bigger with 35 employees we can start to specialise, so we have got a four-people dedicated sales team now,” he said.
Mr McIvor said when he started the business in his friend’s spare room; he had always dreamed the business would progress to this stage.
“When you start you have hope that you are going to end up with these massive clients and all the rest of it and I think after about a year of reality that kind of disappears and it’s just we want to keep growing and survive,” he said.
“To now actually have Qantas, ANZ Bank, Maccas, Bunnings, Kmart as clients, it’s just amazing.”
Mr McIvor said the goal for the future was to further increase sales growth.
“Our goal this year is to increase sales by another 25 per cent which will be bigger in dollar terms than we have ever done and faster than we ever have,” he said.