M-Files Growth Figures Showcase Adoption of Specific Enterprise Content Management Solutions30 Jan, 2013
Dallas, TX - January 30, 2013 - M-Files Inc., the developer of M-Files metadata-powered cloud, on-premise, and hybrid enterprise content management (ECM) solutions, today announced 2012 revenue and user growth figures that showcase the rapid adoption of its solutions for improving how companies manage, secure and share information. For the 6th consecutive year, the company has sustained strong growth as more organizations deploy M-Files to enhance productivity and quality, and ensure compliance with industry regulations and standards.
M-Files revenue increased 44 percent in 2012, culminating in a six-year growth rate of 782 percent. The number of on-premise M-Files licenses sold in 2012 increased 39 percent over 2011, and the M-Files on-premise user base grew by 46 percent over this same period. In addition, M-Files experienced a significant increase in the adoption of its cloud-based ECM solutions, with a 190 percent increase in cloud users and a 227 percent increase in cloud-based revenue in 2012 over 2011.
The M-Files reseller channel was a key driver of its worldwide growth in 2012, with total revenue generated through the company’s partner network growing by over more than 70 percent as compared to 2011. M-Files is also rapidly adding new channel partners; the company currently has more than 230 partners operating in 65 countries, which represents an increase of 40 percent over 2011.
"Our continued success is driven by a truly unique metadata-powered approach that forms the basis of a variety of targeted solutions for document management, quality management and more, that simply work better," said Greg Milliken, president of M-Files Inc. "M-Files organizes and manages information based on what it is, rather than where it is stored, making it fundamentally different from traditional folder-based approaches, and enabling solutions that are more flexible and intuitive. Combine that with specialized capabilities for ensuring compliance in regulated industries, and the ability to deploy M-Files in the cloud, on-premise and in hybrid environments, and you have our recipe for growth over the last six years and into the future."
New M-Files Products and Enhancements in 2012
M-Files 9.0: M-Files 9.0 delivered major new ECM enhancements for collaboration, data replication, archiving, compliance and more. This latest version of M-Files builds on its unique metadata-powered architecture to deliver major improvements, such as automated replication of documents and other content between repositories located on-premise and in the cloud, integrated file sharing and collaboration with Microsoft SkyDrive, improved search results, archiving files in PDF/A-1b format for efficient long-term preservation of electronic documents, enhanced support for mobile devices, and several other enhancements.
M-Files Cloud Vault 2.0: M-Files Cloud Vault 2.0 includes major new enhancements such as unique support for hybrid cloud configurations, single sign-on via Active Directory, improved back-up and recovery capabilities, and 100 TB cloud storage capacity. M-Files Cloud Vault is the first ECM solution to run natively on Windows Azure, empowering businesses to take advantage of Microsoft’s highly scalable and reliable cloud-based platform and geographically distributed data centers.
M-Files QMS: M-Files QMS is a practical and easy-to-use solution that helps manufacturing organizations and related businesses fulfill the documentation and data requirements associated with quality standards such as ISO 9001, CE marking or labeling, compliance with FDA 21 CFR Part 11 and EU GMP Annex 11, and audits associated with all of these activities. M-Files QMS is ideally suited for businesses in regulated industries such as pharmaceutical and life sciences, petrochemicals and other process-related manufacturing sectors, food production, transportation (including aviation, automotive, etc.), mining, and others.
About M-Files Inc.
M-Files enterprise content management (ECM) solutions transform how businesses manage, secure and share information with a unique metadata-driven approach that organizes and processes content based on what it is, rather than where it resides. Thousands of businesses in over 105 countries use M-Files on-premise, in the cloud or in hybrid environments to improve productivity and quality, and to ensure compliance with industry regulations and standards, including companies such as AstraZeneca, Parker Hannifin and EADS. For information, visit www.m-files.com.