Lavi blog

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, TX (Vocus/PRWEB) January 26, 2011

Motive Systems, the developer ofeasy 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 SystemsThe industry took note of Motive Systems in 2010, with the company receiving several awards and accolades, including:

: Motive Systems was included in this prestigious list, with a five-year growth rate of over 370 percent. The 10th annual Deloitte Technology Fast 500 ranks the fastest growing public and private technology, media, telecommunications, life sciences and clean technology companies from 24 countries across Europe, the Middle East and Africa. Motive Systems also ranked 19th in the Deloitte Finland Fast 50 list, which is a ranking of the 50 fastest growing technology firms in Finland.

Finnish Technology Entrepreneurship Award: The Technical Society of Tampere, Finland granted Motive Systems this highly-respected award for successfully combining business skills with technological know-how.

: Motive Systems was selected as a finalist for Red Herring's Global 100 award, a prestigious list honoring the year’s most promising private technology ventures from around the world. The Red Herring editorial team selected the most innovative companies from a pool of 1,200 companies from across the world – the finalists from its Red Herring Asia, Europe and North America Awards.

New Services and Products Announced by Motive Systems in 2010: The latest version of M-Files focuses on maximizing the efficiency of daily operations through enhancements to email and workflow management, improved search capabilities for instantly locating documents, and numerous user interface improvements. In addition to new features specifically associated with Microsoft Office, M-Files 7.0 user interface and search enhancements make it even easier to manage important business information such as documents, customers, and projects, while also ensuring that the right information can be found quickly when it is needed. With the volume of documents rapidly increasing in many companies, M-Files 7.0 also adds support for large document vaults that contain millions of documents. In addition, support for six new languages was added, for a total of 21 languages supported. M-Files 7.0 also provides the foundation for M-Files Cloud Vault, a new cloud-based document management service.

: M-Files Cloud Vault is a new hosted document management service based on proven M-Files technology that enables any document to be tagged, organized and stored in the "cloud" for instant retrieval by simply typing in a tag, or any word contained in the document using full-text search. Emails and scanned paper documents are fully supported.With M-Files Cloud Vault, there's no need to purchase or configure a server, so it is easy and fast to get up and running. M-Files Cloud Vault is extremely affordable, starting at less than $20 a month, per user. By offering a complete, hosted document management system at an affordable price, Motive Systems aims to make this technology accessible to any organization. Companies can also deploy M-Files as an on-premise solution if specific IT, security and/or compliance policies require that certain documents remain behind the company firewall.

: M-Files for Salesforce CRM is a professional document management solution tightly integrated with Salesforce CRM that provides direct access to customer-related documents directly from Salesforce CRM, or via M-Files’ easy Windows Explorer interface without having to launch Salesforce CRM. Built using Force.com, Salesforce.com’s enterprise cloud-computing platform, M-Files for Salesforce CRM is available on the , and is offered as either a cloud-based service for an affordable monthly fee - just like Salesforce CRM, and as on-premise software solution. With the cloud-based option, there is no need to purchase or configure a server, so it is easy to get started without a large initial investment or IT resources. The on-premise solution provides a valuable option for those companies with a massive amount of documents that would make cloud storage cost-prohibitive, or for those with specific security or compliance policies that require certain documents to remain stored behind the company firewall.

: M-Files for Microsoft Dynamics CRM enables businesses to enhance Microsoft's popular customer relationship management (CRM) software with professional document management functionality, enabling any customer-related document to be instantly available to users of the CRM software.

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.”

About Motive SystemsMotive Systems develops M-Files easy-to-use, professional document management software and the Cloud-based document management service M-Files Cloud Vault that enable companies and organizations of all sizes to make dramatic gains in efficiency and productivity by improving the way they organize and manage their business documents, information and processes. Over 120,000 individuals at more than 14,000 customers in over 70 countries worldwide use M-Files to manage their documents. M-Files is available in 21 languages and is in use at customers such as AstraZeneca, BSA LifeStructures, EADS, FinnComm Airlines, Parker Hannifin, and Tupperware. For more information, visit our Web site at , the M-Files , and follow us onor .

# # #

Matthew MeigsMotive Systems415-686-6178Email Information