Ephesoft celebrates third anniversary with record sales

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Addition of High Performance edition allows true enterprise scaling.

Don Field, Ephesoft CEO, says "We are now in fast growth mode and taking market share from the traditional industry leaders. Our approach is a new paradigm for the industry."

Ephesoft Inc., the leader in providing advanced cloud-ready capture solutions, announced that sales continue to set new records for number of customers and partners, renewal rates, geographical coverage, and revenues. Activities in Europe, Middle East Africa led by Ian Pope, VP of Ephesoft EMEA, showed particular strength. Ephesoft begins its 4th year after the successful launch of the Ephesoft Cloud and the introduction of its High Performance edition which joins the Enterprise Standard edition.

The Ephesoft Cloud allows anyone to begin using the full capabilities of Ephesoft Enterprise edition in minutes after signing on. Besides the free version with limits on usage, a shared multi-tenant secure cloud or a dedicated cloud are also available at charges based on monthly usage. Ephesoft recommends using the cloud for those customers wishing to learn more in the simplest way. Users want a fast way to understand the software; consequently, Ephesoft is seeing large numbers of interested organizations from around the world signing up daily.

The High Performance (HP) edition can process very high volumes of images in short 'bursts' or over 24 hour days. This is important for those customers needing to process key documents in a very short window to start a business process. For customers without a need for burst mode, the volumes processed by HP over a full day are over 10 times more than with the Standard Enterprise version. The multi-threading and use of up to 32 cores is appropriate for large enterprises and reduces the number of CPUs previously required.    

Harvey Spencer, President of HSA Inc, the leading market analyst firm following the capture industry, observed “Ephesoft likes to innovate. It was the first open source company in the transaction capture / forms processing area and has benefited from other companies’ integration with BPM and a move away from Capture’s traditional VAR channel. Its architecture allows it to easily move into letting its channel offer cloud capture services, which are starting to expand. Being able to extract business information from incoming electronic or paper documents quickly is the key. In the mailroom, the staff have to work the most when the mail comes into the corporation to quickly distribute it. It is the same with capture – the highest value is achieved when a company processes and extracts data from incoming unstructured information quickly – the closer to real time the better. Cloud capture allows companies to allocate and optimize resources as and when they are needed, and Ephesoft’s High Performance edition does exactly this.”

Don Field, Ephesoft's CEO, added "The past few years have been wonderful but more importantly, we have developed a firm foundation for growth. Our success has enabled us to fund more staff in development, technical support, marketing, and sales. We are actively growing the product's feature set with more innovative answers to users' capture problems. Our major focus now is getting the word out on Ephesoft. So we are participating in many more trade shows and events this year. Once people see us, they like the product itself and perhaps even more so, the business model which enables much faster ROI than competitors."

ABOUT EPHESOFT
Ephesoft, Inc. is headquartered in Laguna Hills, California with an office 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 US and EMEA markets. For more information visit http://www.ephesoft.com or call (949) 335-5335.

ABOUT Harvey Spencer Associates
Since 1989, Harvey Spencer Associates based in New York (US tel: 1-631-368-8393) has been specializing in electronic information (image based and electronic transaction) capture technologies. Their services include Market Analysis, Technology Planning Assistance, Product Positioning, Product Management, Client Sponsored Research and Strategic Planning Services. Products include high speed document scanning hardware, image acquisition software, character recognition software (OCR, ICR), optical mark recognition, barcode recognition and other pattern recognition and classification tools.

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