DocuWare Group – Nearly 25 Percent Growth in 20134 Jun, 2014
New Windsor, NY – June 3, 2014 – The strong presence in Europe and America was key for DocuWare’s continued growth in 2013. While the document management specialist’s revenue exceeded 14 percent, the acquisition of Westbrook Technologies resulted in overall increased revenue of nearly 25 percent.
Now in its 25th year, the DocuWare Group continues to take steps in becoming the worldwide leader in its market: for the fourth year in a row, they are reporting double-digit growth. The 2013 acquisition of Westbrook Technologies, a well-known provider of ECM solutions in North America, will continue to bolster this success as both product lines move to the 2016 planned integration.
Revenue of 21.4 million euros represented growth of 24.6% for the DocuWare Group. The company reported 12.3% growth or 14.1% without the addition of Westbrook and when taking into account currency fluctuations. For DocuWare’s Authorized Partners (ADPs), this resulted in project revenues of approximately 100 million euros.
The largest growth for the DocuWare Group was witnessed in the US market with a jump of 38.3% and together with Westbrook accounted for 47.1% of the company’s total revenue. Germany had growth of 15.9%, which represents 32.6% of total revenue. The remaining revenue, approximately 20%, came from sales in Europe, the Middle East, Africa and Asia.
Positive Market Development
DocuWare is the only ECM manufacturer that has a presence worldwide – represented by over 500 ADPs around the globe.
The DocuWare Group believes it is well-equipped for market leadership based on this international presence, attractive Partner programs and intrinsic strengths of its software products. The number of new customers this past year was also impressive: for the third year in a row, over 1,000 companies opted for DocuWare.
On the leading edge of technologically, the software company continues to expand its product offering with innovative services and applications. This includes different connections to affordable file hosting services such as Dropbox, Google Drive and Microsoft OneDrive. While the number of users of the DocuWare Online cloud solution is not yet at anticipated levels, the company is ideally equipped for an increase in demand. DocuWare was the first provider in Europe to offer a true software-as-a-service solution in early 2012.
In addition, the DMS pioneer added onto its apps for iPhone and Android to also offer document retrieval and workflow integration for the new Windows 8 interface. With its scan app PaperScan, virtually every smartphone can be turned into a mobile scanner. They also introduced Intelligent Indexing (a solution for the automatic categorization of documents) as well as a powerful workflow module with a streamlined graphic designer to further simplify working with DocuWare.
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 New Windsor, 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