M-Files Corporation, a provider of solutions that dramatically improve how businesses manage documents and other information, today announced the company has been recognized as the only vendor to appear in the Visionaries quadrant in Gartner, Inc.’s 2016 Magic Quadrant for Enterprise Content Management.1
According to Gartner’s 2016 Magic Quadrant for Enterprise Content Management, "The dynamics of the global ECM market are changing. As a practice, ECM is evolving into a strategic framework for services that target specific use cases and audiences… Gartner has responded to these new dynamics by refining its definition of ECM to emphasize a more flexible approach and by stiffening the criteria that determine whether vendors qualify for inclusion in this Magic Quadrant. "2
The report also states that, "The ECM market grew by 9.4 percent in 2015 to a worldwide revenue total of $5.9 billion in constant currency. That compares with a 2014 growth rate of 6.2 percent and a worldwide revenue total of $5.4 billion.3"
“M-Files brings an entirely new, modern approach to managing information, one that focuses on context, and 'what' information is rather than 'where' it's stored,” said Greg Milliken, vice president of marketing of M-Files Corporation. “This is a whole new way to organize, process, secure, retain and dispose of information, and we believe it fits perfectly with Gartner's recast definition of ECM. It's not just about cloud or mobile, although they're certainly a part of it, it's about quickly finding the information that is most relevant to the task at hand. And since this varies across the organization and changes over time, rather than a static, top-down folder hierarchy, it's highly dynamic and personalized. This represents a fundamental shift that breaks down information silos and barriers to productivity and user adoption. We don’t think it's a coincidence that we've been recognized as the only vendor in the Visionaries’ quadrant by Gartner right when they've redefined ECM to emphasize these very attributes.”
M-Files experienced strong growth in 2015 that far exceeded that of the overall industry as well as other prominent ECM and EIM vendors, and the company is on pace to continue this rate of growth in 2016 and beyond. A surge in demand for cloud-based solutions led to a dramatic 56 percent increase in SaaS revenue year over year. The company also saw strong growth in its channel network, which now includes nearly 500 hundred partners in more than 100 countries around the world. Contributing to the global momentum, M-Files saw significant revenue growth in all three main geographic regions, including the United States, Europe and Asia.
About the Magic Quadrant
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1 Gartner “Magic Quadrant for Enterprise Content Management” by Karen A. Hobert, Joe Mariano, Gavin Tay, October 31, 2016.
2 Gartner “Magic Quadrant for Enterprise Content Management” by Karen A. Hobert, Joe Mariano, Gavin Tay, October 31, 2016.
3 Gartner “Magic Quadrant for Enterprise Content Management” by Karen A. Hobert, Joe Mariano, Gavin Tay, October 31, 2016.
About M-Files Corporation
M-Files enterprise information management (EIM) solutions eliminate information silos and provide quick and easy access to the right content from any core business system and device. M-Files achieves higher levels of user adoption resulting in faster ROI with a uniquely intuitive approach to EIM and enterprise content management (ECM) that is based on managing information by "what" it is versus "where" it's stored. With flexible on-premises, cloud and hybrid deployment options, M Files places the power of EIM in the hands of the business user and reduces demands on IT by enabling those closest to the business need to access and control content based on their requirements. Thousands of organizations in over 100 countries use the M-Files EIM system as a single platform for managing front office and back office business operations, which improves productivity and quality while ensuring compliance with industry regulations and standards, including for companies such as SAS, Elekta and NBC Universal. For more information, visit http://www.m-files.com.
M-Files is a registered trademark of M-Files Corporation. All other registered trademarks belong to their respective owners.