Dallas, TX (PRWEB) October 01, 2013
M-Files Corporation, the developer of M-Files cloud, on-premise and hybrid dynamic content management solutions that revolutionize ECM by managing information by what it is versus where it's stored, today announced the company has been included by Gartner, Inc. in the 2013 Magic Quadrant for Enterprise Content Management (1).
According to Gartner’s 2013 Magic Quadrant for Enterprise Content Management, "ECM continues to demonstrate value and growth, as the market grew 7.2 percent in 2012 to a worldwide market size of $4.7 billion. 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."
The report also states that, "The 23 vendors in this Magic Quadrant are addressing increased demands for better mobile and cloud capabilities, as well as more rigorous expectations for vertically specific needs. …In addition to this focus on solutions, more ECM vendors are offering a lightweight cloud-based environment to address emerging market needs and possibly to prevent their client bases from exploring the popular cloud-based file sharing environments, which only offer a fraction of the full functionality of ECM. …As the use of ECM begins to increase on mobile devices, we expect to see a generational makeover, with ECM moving further away from its roots in networked back-office environments (2)."
"For the second consecutive year, M-Files has been recognized in Gartner's Magic Quadrant for enterprise content management, and we believe this further validates our position as one of the leading ECM vendors in the world," said Greg Milliken, vice president of marketing of M-Files Corporation. "Our revolutionary Dynamic Content Management solution powered by metadata, along with the identical user experience of M-Files in the cloud, on-premise or in hybrid cloud environments, makes us fundamentally different from traditional ECM systems. We believe that metadata is driving the next generation of ECM systems based on the ability to organize and process information based on 'what' it is rather than 'where' it's stored. M-Files is disrupting the old-school ECM alternatives that still employ a folder paradigm that is over 30 years old. Our Dynamic Content Management approach is fundamentally more precise and flexible, while at the same time simpler and more intuitive. Most significantly, it moves ECM from a technology-centric tool, to a business solution that puts the power of information in the hands of the business problem owner rather than IT."
M-Files continues to experience strong growth, and has seen dramatic increases in new users, licenses sold and reseller partners, culminating in a six-year growth rate of 782 percent. M-Files is experiencing continued growth in all areas in 2013, building on the dramatic increase in the adoption of its cloud-based ECM solutions in 2012, with a 190 percent increase in cloud users and a 227 percent increase in cloud-based revenue in 2012 over 2011. In addition, the number of on-premise M-Files licenses sold in 2012 increased 39 percent over 2011, and the M-Files on-premise user base grew by 46 percent over this same period. In addition, The M-Files reseller channel was a key driver of its worldwide growth in 2012, with total revenue generated through the company’s partner network growing by over more than 70 percent as compared to 2011.
"Whether for document management, quality management, contract lifecycle management, case management, project management or other ECM-related use cases, we're focused on delivering complete solutions that help customers address their most difficult challenges related to compliance, process efficiency, productivity and cost reduction," continued Milliken. "Our commitment to addressing a broad set of business challenges is delivering unique content management capabilities that support our customers' industry-specific needs. The fact that we're winning in competitive customer environments against larger ECM vendors is further validation that businesses across a wide array of industries have realized the merits of our approach."
1 Gartner “Magic Quadrant for Enterprise Content Management” by Mark R. Gilbert, Karen M. Shegda, Kenneth Chin, Gavin Tay, and Hanns Koehler-Kruener, September 23, 2013.
2 Gartner “Magic Quadrant for Enterprise Content Management” by Mark R. Gilbert, Karen M. Shegda, Kenneth Chin, Gavin Tay, and Hanns Koehler-Kruener, September 23, 2013.
About the Magic Quadrant
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About M-Files Corporation
M-Files dynamic content management solutions are revolutionizing the ECM market by transforming how businesses manage, secure and share information with a unique metadata-powered approach that organizes and processes content based on what it is, rather than where it resides. Thousands of businesses in over 100 countries use M-Files on-premise, in the cloud or in hybrid environments to improve productivity and quality, and to ensure compliance with industry regulations and standards, including companies such as SAS, Elekta and EADS. For more information, visit http://www.m-files.com.