DocuWare’s YOY revenue grows
May 18, 2023
DocuWare, a provider of document management and workflow automation solutions since 1988, announced its year-on-year (YOY) results.
The company said that demand for efficient DMS solutions has risen in recent years, as companies increasingly recognise that managing documents and information is critical to the success of their business. This trend is clearly reflected in DocuWare’s fiscal year figures.
The provider of document management and workflow automation solutions closed the 2022 financial year extremely successfully with a 21.5% increase in revenue and over 3,000 new customers over the previous year. Supported by its network of more than 800 partners, DocuWare continues to expand its global business. Among the approximately 3,000 new customers, around 2,500 opted for the cloud, which reflects a global increase of 33%. At the end of the 2022 fiscal year, DocuWare had 8,500 cloud customers.
Dr. Michael Berger, President, DocuWare Group, stated: “We have closed fiscal year 2022 very successfully both in terms of revenue and new customer growth, this year and for the past many years. These numbers clearly demonstrate that we help businesses find solutions to their needs, solve issues and maintain sustainable growth, even in crisis situations.
“We continue to work on innovative technology solutions to help them further and DocuWare will dedicate even more personnel and financial resources towards product development – we have invested an additional €15 million over the next three years in order to secure our position as a leading software company facilitating digital transformation for businesses worldwide.”
As a result of its continued growth and planned investments in the coming years, DocuWare has appointed René Fischer as its new Vice President Product. With over 20 years of experience in the B2B software industry, René is responsible for evaluating, managing, and implementing the company’s product development strategy.
In Q2 of this financial year, DocuWare will also release version 7.8, which will feature updates and an improved user experience.
Categories : City News
Tags : Cloud Document Management Systems DocuWare Financials Growth
