The New York-based provider of cloud solutions for document management has continued its success, with cloud revenues up 112 percent in the first half of the year.
The news comes as industry predictions forecast that 78 of SMBs 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 organisations 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,” announced Jürgen Biffar, DocuWare’s founder and Co-President. “With two brand-new cloud solutions targeted at finance and HR teams, we’re helping organisations shift manual processes to digital ones, with minimal downtime during the transition and high long-term value for every DocuWare user.”
The company’s overall revenues increased 15 percent in H1 2018, adjusted for foreign currency effects while EBIDTA was up 16 percent.
“DocuWare’s profitability has allowed us to invest in the technology and resources to meet the growing demand for cloud-delivered solutions,” Biffar added. “We look forward to providing even more digital workflow automation solutions that positively impact the processes at the heart of our customers’ businesses.”
