Demand for ActiveDocs' document automation and template management solutions has driven blistering revenue growth, attracted marquee customers, and spurred worldwide expansion in 2011, the company announced today.
As of November, ActiveDocs' revenue is currently running 140 percent higher than it was for the same period in 2010. When the revenue stream is averaged out over the company's March-to-April fiscal year, ActiveDocs expects to see a 50 to 70 percent increase from the previous fiscal year. That marks a second year of torrid growth for ActiveDocs, which saw its revenues increase 40 percent between fiscal years 2009 and 2010.
'Efficiency is always a prerogative in business, but it's even more important during slow economic times when profit margins are squeezed on every side,' said ActiveDocs CEO Glenn Ricketts. 'Demand for ActiveDocs Opus has grown steadily as more and more companies realize what a drain document production is when it's done manually, and how simple, fast and accurate it is when it's automated.'
The company's 2011 growth was driven by demand for their document automation and template management solutions in markets ranging from pharmaceuticals, to energy, to manufacturing, to technology, to financial services, to legal affairs and government. Major regional and global companies are among ActiveDocs' new customers. International energy company Royal Dutch Shell integrated ActiveDocs Opus Viper solution into its employee transfer management system in 2011 so it can automatically generate employment contracts and supporting documents. Global infrastructure and engineering giant ABB is using ActiveDocs Opus Viper to improve efficiency and reduce re-work in production of tender letters and related documents as part of an implementation that will extend to 90 countries when completed. Pharmaceutical company Boehringer Ingelheim chose ActiveDocs Opus to integrate with its contract management system, and plans to expand its implementation to include document template management in 2012.
To support its growth, ActiveDocs is expanding its European, North American and Pacific Rim operations and signing on new implementation partners. It has expanded its North American headquarters in Kansas City, Mo., and is hiring more staff in New Zealand and the U.S. The company has signed on three European partners: Digia in Finland; Zarion in Ireland; and Axicos in Switzerland. Two new Australian partners, i2m in Melbourne and Efficiency Leaders in Brisbane, will help ActiveDocs meet demand in the Pacific Rim countries. The company plans to expand its European presence with a new office in Belgium or Germany in the April /May 2012 time frame. Also early next year, in the January time frame, the company plans a major product announcement.