Cloud revenue increases by over 40 percent
New Windsor NY, April 29, 2021 – DocuWare, provider of cloud solutions for document management and workflow automation, announces global revenues for the 2020 fiscal year ending March 31, 2021. The company achieved 62.2 million euro in total revenue, representing a global growth of 10.5 percent compared to the same period in the previous year.
The company’s new customer growth increased by 20 percent year over year (4/1/2020 – 3/31/2021), with 2,280 new businesses choosing DocuWare solutions. DocuWare Cloud continues its winning streak with almost 75 percent of all new customers choosing the cloud-based version. Cloud revenue has grown by 41 percent over the same period last year.
“We have been supporting remote and distributed workforces for years and when COVID-19 lockdowns forced work-from-home situations, DocuWare’s partners knew exactly how to help,” states Max Ertl, President DocuWare Group. “While educational webinars and virtual demos, highlighted the fast benefits and ease of implementing our cloud-based solutions, we owe a special thanks to our global partner network who put it all in place, contributing to the very successful customer and revenue growth in the 2020 fiscal year,” concludes Ertl.
The year 2020 saw a boom in all sectors of the technology industry. McKinsey research shows that during the COVID-19 crisis, “one area that has seen tremendous growth is digitization.” DocuWare revenues and new customer growth are clear evidence of the demand for digital transformation tools.
DocuWare is a trusted provider to over 15,000 customers across 100 countries. The software has been recognized by Gartner, Forrester, Nucleus and other analysts.
Headquartered in Germany & the US, DocuWare provides document management and workflow automation solutions in the cloud. DocuWare has helped 15,000 customers across 100 countries simplify their work through digitizing, automating and transforming key processes.