We believe the inclusion of M-Files in Gartner's 2012 Magic Quadrant for ECM further illustrates that we have become a recognized player in the global ECM and document management markets,
Dallas, TX (PRWEB) October 23, 2012
M-Files Inc., the developer of M-Files flexible cloud, on-premise, and hybrid enterprise content management (ECM) solutions, today announced the company has been included by Gartner, Inc. in the 2012 Magic Quadrant for Enterprise Content Management1.
According to Gartner’s 2012 Magic Quadrant for Enterprise Content Management, "Companies look to ECM to provide a full life cycle approach to information -- from creation to destruction. ECM tools provide this level of support for many enterprises, beginning with integration with the Microsoft Office Suite for management of new and collaboratively authored content, to the use of inherited predefined metadata to automate the eventual records categorization. Companies use these tools to demonstrate best efforts at organizing and managing their information in a proactive manner to meet legal needs."1
The report also states that, "Many enterprises are moving well beyond the basic uses of ECM (such as secure file storage in organized libraries), to tackle deeper business requirements that need strong process efficiency as well. This has led organizations to increasingly regard ECM as an environment for solutions that fit their business needs."2
"We believe the inclusion of M-Files in Gartner's 2012 Magic Quadrant for ECM further illustrates that we have become a recognized player in the global ECM and document management markets," said Greg Milliken, president of M-Files Inc. "We've earned our way into these large, competitive markets by exceeding customer expectations with solutions that just work better -- in the cloud, on-premise or hybrid, with an identical experience across them all. One of the biggest strengths of M-Files is that it can be readily and affordably adapted to the needs of specific vertical industries, as well as individual businesses, especially those that are highly-regulated with demanding compliance requirements. We do this with a unique metadata-driven architecture that is fundamentally different from traditional folder-based approaches, and it's enabling us to win market share from much large competitors."
M-Files continues to experience phenomenal growth, and has seen dramatic increases in new users, licenses sold, and reseller partners, which have contributed to a five-year growth rate of over 585 percent. The number of M-Files licenses sold in 2011 increased by more than 53 percent over 2010, while the M-Files user base grew by over 40 percent to more than 160,000 during the same period, and the company is on track to maintain this rapid growth in 2012. The M-Files reseller channel was a key driver of its worldwide growth in 2011, with total revenue generated through the company’s reseller network growing by more than 100 percent.
"Our mission is to empower companies of all sizes in a variety of industries to unlock the power of information to improve their business performance by leveraging metadata," continued Milliken. "With the recent launch of M-Files 9.0, we've continued to build upon a truly revolutionary metadata-driven platform that forms the basis of a variety of targeted solutions for document management, quality management, contract lifecycle management, and more. Metadata is the key to a new generation of highly-automated and efficient ECM solutions, and M-Files is making that future accessible today."
About M-Files Inc.
M-Files Inc. develops the award-winning M-Files enterprise content management (ECM) system and cloud-based service M-Files Cloud Vault that runs on the Windows Azure platform. M-Files is easy to deploy, learn and use, and has enabled thousands of businesses in over 90 countries make dramatic gains in efficiency and productivity by improving the way they organize and manage their business documents, information and processes. M-Files is available in 25 languages and is in use at customers such as AstraZeneca, EADS, Flybe Airlines and Parker Hannifin. For more information, visit us at http://www.m-files.com, the M-Files blog, and follow us on Facebook and Twitter.
About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
1. Gartner “Magic Quadrant for Enterprise Content Management” by Mark R. Gilbert, Karen M. Shegda, Kenneth Chin, Gavin Tay, and Hanns Koehler-Kruener, October 18, 2012.
2. Gartner “Magic Quadrant for Enterprise Content Management” by Mark R. Gilbert, Karen M. Shegda, Kenneth Chin, Gavin Tay, and Hanns Koehler-Kruener, October 18, 2012.