M-Files Delivers 37 Percent Revenue Growth in 2017 and Exceeds 750 Percent Over the Last Six Years
February 14, 2018 --
DALLAS (PRWEB) February 14, 2018
M-Files Corporation, the intelligent information management company, today announced 2017 growth metrics and corporate achievements, reaffirming its position as the most innovative and fastest-growing provider in the enterprise content management (ECM) and content services platforms (CSP) space.
M-Files grew revenue by more than 37 percent in 2017 over 2016, including strong growth in both direct sales and through its global partner network, now numbering more than 600 partners worldwide. The Company also achieved a 121 percent increase in cloud revenue in 2017. Continued strong growth in the Company's SaaS (Software-as-a-Service) business, along with accelerating market acceptance of its unique intelligent information management platform, has fueled sustained revenue growth of more than 750 percent over the last six years.
M-Files also opened offices in France, Australia and Canada in 2017, with the French office resulting from the acquisition of Streamdesign, a local French M-Files partner. In addition, M-Files has been aggressively hiring with an increase in staff of over 12 percent in 2017.
M-Files focused on expanding artificial intelligence (AI) capabilities in 2017, partnering with ABBYY, a global provider of innovative language-based and artificial intelligence technologies. Then in August,
M-Files acquired Apprento, a Canada-based provider of AI technology solutions that brought new natural language processing (NLP) and natural language understanding (NLU) technologies to the M-Files platform. In December, M-Files launched M-Files 2018, a major new product release that represents a fundamental step forward in how businesses manage information. M-Files 2018 and the new Intelligent Metadata Layer (IML) provide a unified and simple interface that leverages AI to enable users to quickly access and use documents and other information regardless of the system in which they are stored. The resulting approach allows businesses to innovate and improve how they manage information in a flexible and phased manner without disturbing existing systems and processes and without complex migration projects.
"Our incredible track record of rapid growth is a direct result of our commitment to customer success and aggressive investment in our unique approach and innovative technologies that change how companies manage the overwhelming amount of information they confront daily," said Miika Mäkitalo, CEO at M-Files Corporation. “We're performing exceptionally well in all key areas of the business, far outpacing the market and any individual competitor. M-Files 2018 and the new Intelligent Metadata Layer are not only changing our business, they have changed the definition of the market by the analysts who now describe a new, more dynamic and flexible approach that is system-neutral and intelligent. This is our vision; it's shaping the market in profound ways, and if the uptake on M-Files 2018 in December is any indication, 2018 will be another year of record-breaking growth."
M-Files received recognition and accolades in 2017 from top analyst firms, as well as from ECM and IT industry leaders. Gartner recognized M-Files as a “visionary" in its 2017 “Magic Quadrant for Content Service Platforms," and Forrester named M-Files as a leader in “The Forrester Wave™: Enterprise Content Management -- Business Content Services, Q2 2017" an evaluation of top ECM vendors. M-Files was also lauded by Nucleus Research as a “leader" in its “2017 Research Value Matrix for ECM." In addition, Microsoft recognized M-Files as the “2017 Microsoft Country Partner of the Year for Finland." Forbes also ranked M-Files second in its list of “Best Cloud Computing Companies and CEOs to Work For in 2017," and the Company was featured as one of “The 20 Coolest Cloud Software Vendors Of The 2017 Cloud 100" by Computer Reseller News (CRN).
About M-Files Corporation
M-Files provides a next generation intelligent information management platform that improves business performance by helping people find and use information more effectively. Unlike traditional enterprise content management (ECM) systems or content services platforms, M-Files unifies systems, data and content across the organization without disturbing existing systems and processes or requiring data migration. With the Intelligent Metadata Layer, M-Files breaks down silos by delivering an in-context experience for accessing and leveraging information that resides in any system and repository, including network folders, SharePoint, file sharing services, ECM systems, CRM, ERP and other business systems and repositories. Thousands of organizations in over 100 countries use M-Files for managing their business information and processes, including NBC Universal, Rovio and SAS. For more information, visit http://www.m-files.com.
M-Files is a registered trademark of M-Files Corporation. All other registered trademarks belong to their respective owners.
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