DocuWare Group Boosts Revenue in 2005 by 13 Percent10 Mar, 2006
DocuWare Group Boosts Revenue in 2005 by 13 Percent
For the first time since its founding, US subsidiary DocuWare Corporation has pulled up even with the German market in revenue: each operation generated 37 percent of the company’s overall revenues in 2005. The remaining 26 percent came from the EMEA region. In total, the DocuWare Group grew its revenue by 13 percent.
For years now, DMS specialist DocuWare has been enjoying upward mobility in its growth. 2005 was no exception. The software house grew its worldwide revenue by 13 percent from 8.5 to 9.6 million Euro. Project revenue created together with the company’s sales partners reached an estimated 41 million Euro.
As in the previous year, revenue developed quite differently in each region in 2005. USA and Latin America grew by close to 19 percent. EMEA (without Germany) grew by 29 percent, while the German/domestic market for the company grew by 1.4 percent. This worldwide presence gives the DocuWare Group a high level of stability.
732 New Customers Worldwide
The number of new installations was again impressive, coming to a total of 732. Some of the more recognizable names among new customers in 2005 include: Continental Airlines (USA), hauck (Germany), Hitachi Data Systems Europe (Netherlands), Invensys (USA), Matterhorn Gotthard Bahn (Switzerland), Nissan (Mexico), Telmex (Mexico) and T-Systems Enterprise Services (Germany). Continuing the trend from the previous year, individual sales on average were for larger volumes. Service providers and manufacturers were the two customer categories responsible for the most revenue.
Beyond the Competition
The previous year was dedicated to finalizing the new product generation, DocuWare 5, which was shipped to customers in the first months of 2006. All DocuWare 5 solutions remain dedicated to the needs of mid-sized organizations. Yet they contain a new level of functions, technologies and security features that were previously only seen in extremely complex products – requiring both a high level of IT know-how and a budget size that were both out of reach for the average mid-sized company. Fortunately, despite the boost in technology, DocuWare 5 retains the simple operation, installation and administration enjoyed from previous versions as well as its extremely low Total Cost of Ownership. These are a few of the reasons why DocuWare stays ahead of its competition.