Increased Cloud Revenues Reflect the Growing Number of Businesses Migrating to the Cloud
DocuWare, a provider of cloud solutions for document management and workflow automation, demonstrates its continued leadership in mid-market cloud solutions, with cloud revenues up 112% in the first half of 2018. This bodes well for the company, and its growing partner channel, as industry predictions show that 78% of small to medium-sized businesses will move to some form of cloud computing in the next two years.
Over the past two years the company has seen accelerated success with its cloud-first strategy. With its reliability and security, as well as time and money-saving features, the cloud is the most effective productivity platform for employees. DocuWare’s expansive growth is evidence of how more organizations are looking to leverage these benefits to their advantage.
“There is no doubt that the release of DocuWare version 7 and the launch of our cloud-only DocuWare Kinetic Solutions, are critical components to our cloud growth this year,” says Jürgen Biffar, DocuWare founder and co-president. “With two brand-new cloud solutions targeted at finance and HR teams, we’re helping organizations shift manual processes to digital ones, with minimal downtime during the transition and high long-term value for every DocuWare user,” Biffar adds.
The company’s overall revenues increased 15% in 1H 2018, adjusted for foreign currency effects while EBIDTA was up 16%. “DocuWare’s profitability has allowed us to invest in the technology and resources to meet the growing demand for cloud-delivered solutions. We look forward to providing even more digital workflow automation solutions that positively impact the processes at the heart of our customers’ businesses,” concludes Biffar.