Ephesoft Completes 2012 with Record Sales

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Company overachieves all objectives as the market embraces new technology and business model

"Ephesoft grew over 100% in 2012 and expects even faster growth in 2013" said Don Field, Ephesoft CEO.

Ephesoft Inc., the leader in providing advanced cloud-ready capture solutions, announced today the strong finish in December to an exceptional year of growth. As the company approaches its third year anniversary, new milestones have been set in every area.

Ephesoft Enterprise Edition v3 was successfully released in October, 2012 and is now deployed in solutions ranging from mortgage loan processing, accounts payables, government compliance to insurance claims and human resources. The Ephesoft Cloud was released in November and already has a substantial following. Customer implementations are deployed in over 20 countries and on 4 continents. The customer base is diverse since Ephesoft scales well with customers processing from a few hundred pages per day to several hundred thousand pages per day. Authorized resellers now number over 80 globally and attendance at technical certification classes is at capacity.

The company has responded to this growth by moving facilities three times in the past year to the current Class A offices where there are options for expansion. Accordingly, sales engineering and support as well as customer technical support and engineering development groups have grown proportionately.

Explaining the growth, Don Field, Ephesoft CEO, says "We are gratified to have a strong base of partners and customers who believe in our vision of offering browser-based advanced classification and data extraction solutions in a subscription model with no initial license fees. This approach allows even small and medium size companies to enjoy the benefits which only larger companies could afford a few years ago. This trend is changing every software category and Ephesoft is leading the way in the intelligent capture sector."

Ike Kavas, Ephesoft CTO and founder, continues "We have many exciting new enhancements coming in 2013. Our product roadmap continues to expand. Consequently, we have almost doubled our engineering staff the past 3 months and we are now seeing the results of that investment. 2013 will see significant developments from Ephesoft. We believe that people who hadn't heard of us before will know us soon".    

Ephesoft, Inc. is headquartered in Laguna Hills, California with offices in Maidenhead, England. Ephesoft’s document capture solutions are open-source and cloud-ready, offering extreme flexibility and accessibility for a wide range of customers. The company has been experiencing rapid growth in both the Americas and EMEA markets. For more information visit http://www.ephesoft.com or call (949) 335-5335.

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Jack Black
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