Strong Cloud Adoption and Accelerating Market Traction Worldwide
Drives Six-Year Growth Rate of Nearly 1,000 Percent
DALLAS, February 17, 2016: M-Files Corporation, a provider of solutions that dramatically improve how businesses manage documents and other information, today announced 2015 growth figures that highlight the strong global demand for its enterprise information management (EIM) solutions that enable organizations to easily store and secure important business documents and information, and to optimize related business workflows and processes.
According to the forecasted growth rate for the enterprise content management (ECM) market in 2015 from Gartner1, the company’s revenue grew more than 35 times the rate of the overall ECM market.
“M-Files continues to grow at a pace that far exceeds the rate of the overall industry, as well as every other prominent EIM and ECM vendor,” said Jim Geary, executive chairman at M-Files Corporation. “We’re outperforming the competition because M-Files is dramatically easier to use and adopt than other unwieldy ECM solutions offered by ‘old-school’ vendors. In short, it just works better — a lot better!”
The growth of M-Files in 2015 was driven in part by a strong surge in the adoption of its cloud-based solutions, with a more than 56 percent increase in SaaS revenue in 2015 over 2014. The company also saw a strong jump in both revenue and bookings in 2015, with a 42 percent increase in bookings over 2014. In addition, M-Files experienced strong revenue growth in key regions around the world, particularly in the United States, the United Kingdom, Australia and Switzerland. The company’s strong revenue growth in 2015 culminated in a six-year growth rate of nearly 1,000 percent.
The M-Files partner channel was also a key driver of worldwide growth in 2015, with total revenue generated through the company’s partner network growing by over 60 percent compared to 2014. M-Files is rapidly adding new channel partners, with the total number of partners growing over 450 partners operating in 103 countries in 2015.
“One of the reasons why M-Files has become such a disruptive force in the information management industry is because it intelligently delivers content in context,” continued Geary. “The ability to accurately and consistently establish what is most relevant for a given user is where the value of our unique metadata-driven approach reveals itself. M-Files does this better than all other alternatives by making it easy to link structured data from core business systems, such as CRM, ERP, HR, etc., with documents and other unstructured content. The result is an integrated and more intelligent information environment that ensures users find the right information faster, regardless of their role or the system being used. This fundamental differentiation, along with our fast growth and traction in the market, confirms we’re making great progress toward our vision of ‘changing the way the world manages information.'”
M-Files Accolades and Awards During 2015
M-Files achieved several significant milestones and received a number of prestigious accolades and awards during 2015, including:
2015 Forrester Research ECM Wave Business Content Services: Forrester recognized M-Files as a “Leader” in their 2015 ECM Wave report based on our unique metadata-driven approach, our strong global channel program and our traction in highly-regulated industries.
2015 Forrester Research ECM Wave Transactional Content Services: Forrester recognized M-Files as an ECM solution with a modern architecture and deep Microsoft Windows integration, free of the limitations of folder structures and site collection structures.
Gartner’s 2015 Magic Quadrant for Enterprise Content Management (ECM): For the fourth consecutive year, M-Files has been recognized in Gartner’s Magic Quadrant for enterprise content management. M-Files was evaluated based on completeness of vision and ability to execute, which led to its recognition as one of the 20 global leaders included in this prestigious analyst report.
M-Files Named as “Leader” in 2015 ECM Value Matrix from Nucleus Research: M-Files is ranked as a “Leader” in the 2015 Nucleus Research Technology Value Matrix for ECM. The Value Matrix is based on functionality and usability, the two core measures that Nucleus has found indicate an application’s ability to deliver initial ROI and, ultimately, maximum value over time.
Microsoft 2015 ISV Partner of the Year in Finland: M-Files was the first Finnish partner to provide an information management solution that leveraged the Microsoft Azure cloud platform, which played a key role in the company receiving this honor from Microsoft.
2015 Aragon Research Hot Vendors in Digital Transaction Management: M-Files is one of four “hot vendors” who are making a difference in Digital Transaction Management (DTM).
Deloitte Technology Fast 500 EMEA 2015: M-Files was featured on the Deloitte Technology Fast 500 EMEA for the 6th consecutive year. M-Files also ranked #14 in the Finland Deloitte Technology Fast 50.
M-Files Founder Antti Nivala Named 2015 Software Entrepreneur of the Year: M-Files Founder and CTO was recognized by the Finnish Software Entrepreneurs Association for excellence in the industry, promoting the growth of the Finnish software market and inspiring entrepreneur-driven development.
Business Executive/CEO of the Year 2015 Finland: M-Files CEO, Miika Mäkitalo, was named as the 2015 Business Executive/CEO of the Year in Finland by the Tampere Chamber of Commerce.
Growth Tech Company of the Year 2015 in Finland: M-Files was named as the “Growth Tech Company of the Year 2015” in Finland by Tekniikka & Talous, a prominent Finnish magazine.
2015 Millennium Distinction: M-Files received the prestigious Millennium Distinction from Technology Academy (TAF) in 2015, which recognized Big Data experts operating in Finland.
CIO Review: 2015 20 Most Promising ECM Solution Providers: M-Files was included as one of the 20 most promising enterprise content management solution providers in 2015 by CIO Review.
2015 European Business Awards – Finland National Champion: M-Files was selected by the European Business Awards to represent Finland in its 2015 Awards program.