DocuWare Group Further Expands Market Position20 Jun, 2012
Newburgh NY – June 14, 2012 – In fiscal year 2011, DocuWare, document management specialist, again achieved double-digit growth. The greatest boost was seen in the German market, with an increase of 21%, followed by the US market with just under 19%. Worldwide, 1047 new companies chose DocuWare.
Last year, DocuWare laid the cornerstone for securing the company’s continued growth – sales activities in key markets were intensified, many new dealers were added and several future-oriented technologies introduced. Those measures made an impact in 2011: 16.07 million Euros revenue, for a total increase of 12.4 % (13.6 % when adjusted for currency) over the previous year. The software company achieved its best results since DocuWare’s founding in 1988. Resulting project revenue for its network of Authorized DocuWare Partners (ADPs) was 74 million Euros.
The largest revenue increase was witnessed in the German market with growth of 21%. DocuWare Corporation also achieved strong growth of 18.6% in the Americas market. In the EMEA region (which includes Europe without Germany and the United Kingdom), Spain and France contributed the largest share for revenue levels comparable with the previous year. Almost half of the 1047 new customers are located in the Americas. DocuWare welcomed several well-known companies such as Audi Retail GmbH in Germany, Samsonite in the US, Sterilin Ltd (plastic products for research and medicine) in England, aircraft manufacturer Embraer in France as well as premier soccer Club Atlético de Madrid, to its roster of customers this past year.
Innovations Driving Success
The document management market continues to grow. According to industry association BITKOM, the document and enterprise content management market grew by 7.8% in 2011 - almost twice as fast as the overall IT market. DocuWare has benefited for years from this trend. Thanks to the company’s international presence, attractive partner program and the strengths of its DocuWare software (security, scalability, and ability to integrate), it’s well-equipped to stay on this path for success. The company is also the first document management solutions provider in Europe to offer real cloud solutions since the beginning of 2012: DocuWare Online. In addition, DocuWare already offers document management clients for all popular mobile platforms, from iPhone and iPad to BlackBerry and Windows Phone 7 to Android operating systems for smart phones and tablets.
International Expansion Pushed
With Morgan Stanley Expansion Capital LP (a Morgan Stanley Investment Management private equity fund) investing in the company, DocuWare has substantially expanded its international network of outstanding experts in technology and Internet business. A newly formed board made up of seven members will greatly contribute to helping the company further accelerate its growth in the coming years.
From Documents to Value: DocuWare enables any size organization - in any industry - to transform documents into valuable capital. Regardless of format or source DocuWare automates business processes and workflows by electronically managing and sharing documents. Documents are readily available, where and when needed; one search quickly locates related documents. Whether as an on-premise or as a cloud solution, DocuWare provides all the components needed for Enterprise Content Management. These solutions are highly scalable, offer a low Total Cost of Ownership (TCO) and DocuWare is ISO Certified, FDA Compliant and rated 5-Star by Buyers Lab Inc. (BLI). DocuWare (founded 1988) ranks among the world’s leading Document Management software companies. The company operates worldwide from Germering near Munich and from Newburgh, New York with subsidiaries in the UK, Spain and France. Its products are available in 70 countries and 16 languages to over 100,000 users in approximately 10,000 installations.
For more information on DocuWare, visit www.docuware.com.