Motive Systems Growth in 2010 Driven by Rapid Adoption
of M-Files Easy Document Management Solutions
Strong 2010 Caps off Five-Year Growth Rate of over 370 Percent and Selection to the Deloitte Fast 500
DALLAS, January 26, 2011: Motive Systems, the developer of M-Files easy document management software and the cloud-based document management service M-Files Cloud Vault, today announced strong sales and user base growth during 2010. The number of M-Files licenses sold in 2010 increased 94 percent over 2009, with the M-Files user base growing by 60 percent over the same period. Motive System’s reseller channel was a key driver of the company’s worldwide growth in 2010, with total revenue generated through the company’s reseller network growing by over 56 percent. Motive Systems is also rapidly adding new channel partners; the company currently has 118 resellers operating in 43 countries, which represents an increase of 60 percent from the prior year.
For the fifth consecutive year, Motive Systems has experienced rapid, year-over-year growth in sales, revenue and its user base, which is a testament to the company’s vision: to solve the problem of managing, finding, and tracking documents and information in companies and organizations of all sizes. Currently, over 120,000 individuals at more than 14,000 customers in over 70 countries worldwide use M-Files to manage their documents.
“The great results we achieved during 2010 validate our business strategy, as well as the demand for easy to use professional document management solutions,” said Antti Nivala, CEO of Motive Systems. “Our customers rely on us to simplify the process of organizing and managing their documents in order to become more productive, and our dramatic growth during challenging economic conditions demonstrates our continued ability to deliver the most effective and affordable document management system available.”
Awards and Accolades Received by Motive Systems
The industry took note of Motive Systems in 2010, with the company receiving several awards and accolades, including:
Deloitte Technology Fast 500 EMEA
Finnish Technology Entrepreneurship Award
New Services and Products Announced by Motive Systems in 2010
M-Files for Microsoft Dynamics CRM
Support for Regulatory Compliance: Additional enhancements in 2010 were made in the area of standards and regulatory compliance. With comprehensive security and data encryption, tracking and auditing of all document activity, and support for electronic signatures, M-Files provides the controls necessary for companies to ensure compliance with industry standards and regulations such as:
- FDA 21 CFR Part 11
- Sarbanes-Oxley (SOX) and other SEC and IRS regulations
- ISO 9000, ISO 9001 and other manufacturing standards
- Health Insurance Portability and Accountability Act (HIPAA)
“2011 is shaping up to be every bit as exciting and successful as 2010,” added Nivala. “In addition to continuing to deliver superlative customer service to our customers around the world, we have launched a major new initiative to aggressively pursue multiple vertical markets in which M-Files is successfully deployed in production today. We’re hard at work developing a number of major new enhancements across our family of solutions. It’s going to be a busy and productive year.”
By Guest Blogger: Motive Systems Inc.
