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eCopy Revenues Grow 39 Percent

8 Sep, 2005

eCopy Revenues Grow 39 Percent

eCopy Inc. announced record revenues for the fiscal year ending June 30, 2005, marking 12 consecutive years of revenue growth. For the year, eCopy's revenue grew 39 percent to $41.8 million, driven by strong demand for its document imaging and distribution products.

"We exceeded our high expectations in every critical metric - revenue growth, customer adoption, product development, and channel expansion," said Edward Schmid, president and CEO at eCopy. "Our company is setting the pace in our market segment by providing intuitive, turnkey products that enable any office worker to easily integrate paper-based information into enterprise software applications. eCopy's new Open Platform Architecture has garnered widespread industry support and will drive our future growth."

One of eCopy's major achievements this year was the launch of the first eCopy Paper Connection Forum, a unique industry conference designed to accelerate the adoption of document imaging and distribution by the more than 350 million office workers worldwide with access to digital copiers. The Forum generated unparalleled industry momentum and excitement. For the first time, it brought together the world's leading copier and scanner manufacturers, along with the premier independent software vendors, to encourage collaboration in charting the course for the wide-scale integration of paper documents into enterprise applications.

During its last fiscal year, eCopy achieved a number of important milestones including:

Continued record eCopy sales through authorized Canon office equipment dealers worldwide.

New and expanded customer implementations spanning across North America, Europe, and Australia that help organizations address the challenges of distributing, managing, accessing, and protecting paper-based information, including The Coca-Cola Company, National Institutes of Health, Clifford Chance, The United States Army, National Football League, United Nations, Scandinavian Airlines, Hilton Hotels, and Sprint Nextel Corporation.

Widespread market acclaim generated from the introduction of the next generation of eCopy ShareScan OP software. eCopy was awarded the prestigious "Best Enterprise Network Scanning Solution" Award for 2005 by market researcher BERTL Inc. Additionally, MFP Report editor and industry expert Brian Bissett called the product "a significant advance for the industry."

A broadened reach for the eCopy product family that now supports Canon, HP, Ricoh, Sharp, and Toshiba digital copiers and Canon, Fujitsu, and Kodak scanners - greatly expanding the company's target market. This expanded product compatibility was complemented with the launch of the eCopy Solution Provider Program that enables value-added resellers and system integrators to offer eCopy solutions to the rapidly growing software and professional services market for networked copiers.

eCopy software is now integrated with more than 45 enterprise applications, including EMC Documentum Content Server, Interwoven WorkSite, Open Text Livelink, Captaris RightFax, and Microsoft Outlook/Exchange.

eCopy has rapidly expanded its presence in markets around the world. This includes a growing global workforce that now numbers 185 employees, reflecting eCopy's aggressive product development, marketing, and sales efforts.

Schmid continued, "Even with our stellar results, we are still just in the early stages of tapping the market potential. With our new Open Platform Architecture products, expanded channel relationships, and rapidly expanding links to software applications, we are poised to reach a much larger market. We see significant growth opportunities by enabling a fundamental change in the way organizations add paper-based information to their mission-critical applications. They can now work with eCopy to set a software standard across the organization, enabling any office worker to bring a document into business workflows by simply copying it to an enterprise application."

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