DocuWare Continues to Grow11 May, 2005
DocuWare Continues to Grow
DocuWare, the DMS specialist, continued its impressive results of the past years again in 2004. This included in particular the positive development of its US subsidiary, which reported a 19 percent increase in revenues in the American market.
Despite slow economic growth in the overall economy, DocuWare was again able to significantly increase its revenues in 2004. This was particularly true for the company’s strategic markets: Germany, USA and Great Britain. In the German market, revenues grew by 7% to 3.6 million Euros (previous year: 3.3 million Euros). Great Britain witnessed an increase of 34%. And in the U.S. (which includes the Latin American market), revenues of US $3.6 million were generated, which represented a 19% increase over 2003. Besides optimized sales processes and intensified marketing activities, new DocuWare partners (ADP) in previously underdeveloped regions were an important part of the success in the U.S.
Together with their ADPs, the DMS specialist generated approximately 35 million Euros in project-based revenues. Some of the more recognizable names added to the company’s client list in 2004 included the Bahamas Court of Appeal (BAH), Bosch Security Systems (GER), Boston University (USA), Center Parcs (GER), Krispy Kreme (USA), Nissan Motor (SPAIN), US Military Academy West Point (USA), Volvo Financial Services (SPAIN), Unilever (USA), Suzuki Motor (SPAIN), DB Magnetbahn (GER), American Red Cross (USA), Jordan University Hospital (JOR), IBM (GBR) and Trans-O-Flex (GER).
Within the framework of “Integrated Document Management,” DocuWare will continue to cover all possible aspects of document management, including Workflow Management. Requirements demanded by worldwide directives -- such as those outlined in Basel II or Sarbanes-Oxley -- are fulfilled. To meet the security demands of users, the DMS specialist is expanding its document management solutions in 2005 to incorporate all the benefits provided with electronic signatures. Although DocuWare systems include highly refined technologies and broad functionality, they remain quick to implement and successfully deploy in companies worldwide.