Reaching 14.3 million Euros in total revenue, the integrated document management specialist, DocuWare, was able to once again improve on its annual results. All of the company's subsidiaries were able to grow over the previous year with a total of nearly 1,000 new customers. DocuWare continues to invest in its development of web-based solutions for document management.
DocuWare's presence in over 70 countries is paying off: US-based DocuWare Corporation exceeded its targets to celebrate its 10th year anniversary with revenue growth of 19.5 percent. In Latin America, the company was able to grow by 38.4 percent in 2010. In the German-speaking market, DocuWare grew by 7.6 percent over the previous year. The regions EMEA (Europe, Middle East and Africa) and the UK also witnessed strong growth, registering 23.5 percent and 13.3 percent, respectively. In total, revenue of the entire DocuWare Group grew by 19 percent to 14.3 million Euros. This also resulted in approximately 66 million Euros in project revenue for the company's network of Authorized DocuWare Partners. The growing dynamic of the company is also visible in its staffing which grew an additional 10 percent.
Investments Anchor Growth
Despite the difficult economic climate of the past few years, DocuWare was able to significantly expand its Research & Development budget in both 2010 and 2011 with its own capital resources to drive the development of web-based products. In 2010, the Research & Development team focused on the new version DocuWare 5.1c, the browser-based SmartConnect module, and DocuWare Mobile iPhone and iPad Apps. The software company believes SaaS packages and other related solutions incorporating Cloud Computing offer great opportunity for further enhancing its market position in the ECM sector.
Seize Opportunities, Create Value
Companies in all industries are still under a great amount of pressure to contain costs, even with a brighter economic outlook. The challenge remains to achieve more with the same or even fewer resources. DocuWare solutions create value for companies by unlocking the potential found in the smart handling of business documents and their contents. The result: more time for customers, higher profits through greater efficiency, improved cash flow.
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