M-Files exceeds 30 percent growth in annual recurring revenue in 2018

M-Files exceeds 30 percent growth in annual recurring revenue in 2018

Company’s ten-year compound revenue growth surpasses 3,000 percent

Sydney, AustraliaM-Files Corporation, the intelligent information management company, announced its tenth consecutive year of strong growth, driven by its innovative digital business solutions that help organisations easily find, manage and process documents and information in context from any device.

Continuing the successful expansion of its Software-as-a-Service (SaaS) business model, M-Files grew its annual recurring revenue (ARR) in 2018 by more than 30 percent over 2017. ARR from customers using the company’s cloud-based service grew even faster at over 70 percent year over year. Strong performance in 2018 is the latest milestone in the company’s sustained track record, resulting in a compound revenue growth rate of more than 3,000 percent over the last ten years.

“2018 was another exciting year for M-Files during which our growth dramatically outpaced the overall market, a clear indication that businesses are readily embracing our unique intelligent information management approach,” said Miika Mäkitalo, CEO at M-Files Corporation. “Along with the release of M-Files Online, a compelling new SaaS solution, our rapidly growing partner network and widening global footprint were crucial to our success.”

Exponential customer and partner growth

M-Files added over 1,000 new customers in 2018, bringing the total number of customers using the platform to more than 9,000 worldwide, including global enterprises in manufacturing, professional services, construction, financial services, life sciences, energy, real estate, healthcare and more. In addition, the number of customers using the company’s cloud service increased by more than 75 percent in 2018.

M-Files also extended its global partner network with the addition of major brands, such as Konica Minolta, Ricoh, Iron Mountain and Kyocera, among others, adding to the growing list of hundreds of partners around the world with specialised expertise in key use cases, vertical industries and systems integration.

M-Files Online extends leadership in intelligent information management

The company also launched M-Files Online, the only truly hybrid intelligent information management platform that allows customers to implement both cloud and on-premises solutions without having to separately purchase licenses for each. New artificial intelligence capabilities were also introduced to automate document handling and related processes, such as automatic tagging and classification.

Building upon the Intelligent Metadata Layer introduced in 2017, M-Files also launched ten new connectors, including SharePoint, OneDrive for Business, OpenText Content Server, IBM FileNet P8, Documentum, Amazon S3 and Microsoft SQL Server.

Global investment and recognition

In 2018, M-Files raised 27 million euros from the European Investment Bank (EIB), one of the EIB’s largest IT sector investments to date, to further fuel technology development and international expansion.

The company was also recognised for its visionary approach to information management, including being named a Visionary in the Gartner 2018 Magic Quadrant for Content Services Platforms (CSP), the Leader in the Nucleus Research ECM Technology Value Matrix, and the Best Document Management Software/System for Law Firms by Inc. Magazine. Moreover, M-Files was honoured with the prestigious Internationalisation Award by the President of the Republic of Finland for its global success, innovative intelligent information management solutions and positive impact on the Finnish economy.

For more information, visit www.m-files.com.

About M-Files Corporation
M-Files provides a next-generation intelligent information management platform that improves business performance by helping people find and use information more effectively. Unlike traditional enterprise content management (ECM) systems or content services platforms, M-Files unifies systems, data and content across the organisation without disturbing existing systems and processes or requiring data migration. Using artificial intelligence (AI) technologies in its unique Intelligent Metadata Layer, M-Files breaks down silos by delivering an in-context experience for accessing and leveraging information that resides in any system and repository, including network folders, SharePoint, file sharing services, ECM systems, CRM, ERP and other business systems and repositories. Thousands of organisations in more than 100 countries use M-Files for managing their business information and processes, including NBC Universal, OMV, Rovio, SAS Institute and thyssenkrupp. For more information, visit www.m-files.com.

M-Files exceeds 30 percent growth in annual recurring revenue in 2018

M-Files exceeds 30 percent growth in annual recurring revenue in 2018

Company’s ten-year compound revenue growth surpasses 3,000 percent

Sydney, AustraliaM-Files Corporation, the intelligent information management company, announced its tenth consecutive year of strong growth, driven by its innovative digital business solutions that help organisations easily find, manage and process documents and information in context from any device.

Continuing the successful expansion of its Software-as-a-Service (SaaS) business model, M-Files grew its annual recurring revenue (ARR) in 2018 by more than 30 percent over 2017. ARR from customers using the company’s cloud-based service grew even faster at over 70 percent year over year. Strong performance in 2018 is the latest milestone in the company’s sustained track record, resulting in a compound revenue growth rate of more than 3,000 percent over the last ten years.

“2018 was another exciting year for M-Files during which our growth dramatically outpaced the overall market, a clear indication that businesses are readily embracing our unique intelligent information management approach,” said Miika Mäkitalo, CEO at M-Files Corporation. “Along with the release of M-Files Online, a compelling new SaaS solution, our rapidly growing partner network and widening global footprint were crucial to our success.”

Exponential customer and partner growth

M-Files added over 1,000 new customers in 2018, bringing the total number of customers using the platform to more than 9,000 worldwide, including global enterprises in manufacturing, professional services, construction, financial services, life sciences, energy, real estate, healthcare and more. In addition, the number of customers using the company’s cloud service increased by more than 75 percent in 2018.

M-Files also extended its global partner network with the addition of major brands, such as Konica Minolta, Ricoh, Iron Mountain and Kyocera, among others, adding to the growing list of hundreds of partners around the world with specialised expertise in key use cases, vertical industries and systems integration.

M-Files Online extends leadership in intelligent information management

The company also launched M-Files Online, the only truly hybrid intelligent information management platform that allows customers to implement both cloud and on-premises solutions without having to separately purchase licenses for each. New artificial intelligence capabilities were also introduced to automate document handling and related processes, such as automatic tagging and classification.

Building upon the Intelligent Metadata Layer introduced in 2017, M-Files also launched ten new connectors, including SharePoint, OneDrive for Business, OpenText Content Server, IBM FileNet P8, Documentum, Amazon S3 and Microsoft SQL Server.

Global investment and recognition

In 2018, M-Files raised 27 million euros from the European Investment Bank (EIB), one of the EIB’s largest IT sector investments to date, to further fuel technology development and international expansion.

The company was also recognised for its visionary approach to information management, including being named a Visionary in the Gartner 2018 Magic Quadrant for Content Services Platforms (CSP), the Leader in the Nucleus Research ECM Technology Value Matrix, and the Best Document Management Software/System for Law Firms by Inc. Magazine. Moreover, M-Files was honoured with the prestigious Internationalisation Award by the President of the Republic of Finland for its global success, innovative intelligent information management solutions and positive impact on the Finnish economy.

For more information, visit www.m-files.com.

About M-Files Corporation
M-Files provides a next-generation intelligent information management platform that improves business performance by helping people find and use information more effectively. Unlike traditional enterprise content management (ECM) systems or content services platforms, M-Files unifies systems, data and content across the organisation without disturbing existing systems and processes or requiring data migration. Using artificial intelligence (AI) technologies in its unique Intelligent Metadata Layer, M-Files breaks down silos by delivering an in-context experience for accessing and leveraging information that resides in any system and repository, including network folders, SharePoint, file sharing services, ECM systems, CRM, ERP and other business systems and repositories. Thousands of organisations in more than 100 countries use M-Files for managing their business information and processes, including NBC Universal, OMV, Rovio, SAS Institute and thyssenkrupp. For more information, visit www.m-files.com.

Building your brand: why PR success isn’t based on one-hit wonders

Hearing a song like Mickey, Ice Ice Baby, or the Macarena may bring on waves of happy nostalgia at a party, but it doesn’t make you run out and buy that artist’s album. Instead, you’re more likely to wonder why they never managed to have another hit and where they ended up.

If you’re building a brand, the last thing you want is to be a one-hit wonder. Investing in a PR stunt or limited-time campaign can deliver outstanding short-term results only for your brand to sink back into obscurity once the fuss dies down, which can leave you wondering why you bothered investing in the first place.
Continue reading “Building your brand: why PR success isn’t based on one-hit wonders”

CompTIA IT Industry Outlook 2019: ‘Next Big Thing’ gives way to fusion of technology building blocks, people and processes

CompTIA IT Industry Outlook 2019: ‘Next big thing’ gives way to fusion of technology building blocks, people and processes

Leading tech industry trade association projects four per cent industry growth in 2019; identifies 12 trends to watch

Sydney, Australia – The pace, scope, and accessibility of innovation today provides organisations an ever-expanding array of digital transformation tools; but it also brings new challenges in orchestrating technology, people, and process. This is one of the key themes explored in the “IT Industry Outlook 2019,” the annual report published by CompTIA, the leading association for the global tech industry.

On the strength of this innovation, CompTIA projects global industry growth of 4 per cent, with upside potential of 6.4 per cent. Conversely, an economic slowdown, exacerbated by international trade turmoil, could push the growth forecast to its low-end projection of 1.5 per cent.

“It’s an exciting time as we embark on the next wave of innovation. Technology is more accessible than ever; and there are more opportunities to use technology to build and grow organisations,” said Todd Thibodeaux, president and CEO, CompTIA.

“While the potential is great, the challenges and anxieties are great, too,” Thibodeaux continued. “Our mission is to work with the tech community, and the workforce of today and tomorrow, to turn the possibilities of innovation into the realities of real-word benefits for the users of technology.”

Among factors cited by industry executives surveyed by CompTIA that will help drive growth in the year ahead is their ability to reach new customer segments, and successfully selling new business lines and launching new products, such as in emerging technology areas.

CompTIA’s IT Industry Business Confidence Index remains in solidly positive territory, but there are a number of concerns on the minds of industry executives. Beyond the usual concern over customer spending weakness, executives cited the possibility of an unexpected shock, such as a financial crisis, government turmoil, and margin pressure as factors that could hinder growth.

CompTIA’s 12 trends to watch in 2019

CompTIA’s ‘IT Industry Outlook 2019’ explores 12 trends shaping the tech landscape, its workforce, and its business models in the year ahead.

1. Cloud, edge and 5G form the modern economic infrastructure
2. IoT and AI open new possibilities in ambient computing
3. Distributed technology models challenge existing structures
4. Stackable technologies supercharge digitisation efforts
5. Business of emerging technology prompts sales channels reinvention
6. Hyper-personalisation takes customer experience to next level
7. Partnerships bridge gaps in new tech ecosystem
8. Persistent tech-worker shortages fuel new, creative solutions
9. Digital-human models begin to shape the workplace of tomorrow
10. Technology professionals take the lead in anticipating unintended consequences
11. High tech increasingly transforms low tech
12. Global tech hubs put spotlight on the ingredients for innovation

“This year’s trends reaffirm the importance of thinking about technology holistically,” said Tim Herbert, senior vice president for research and market intelligence at CompTIA. “While discussions of ‘the next big thing have their place, the practical reality for most organisations is the need to understand how technology building blocks spanning infrastructure, applications, data, and as-a-service models fit together.”

The complete report is available at https://www.comptia.org/resources/it-industry-trends-analysis.

About CompTIA
The Computing Technology Industry Association (CompTIA) is a leading voice and advocate for the $5 trillion global information technology ecosystem; and the more than 50 million industry and tech professionals who design, implement, manage, and safeguard the technology that powers the world’s economy. Through education, training, certifications, advocacy, philanthropy, and market research, CompTIA is the hub for advancing the tech industry and its workforce.

State of Utah projected to save millions of dollars with Forescout’s integrated ServiceNow solution

 

State of Utah projected to save millions of dollars with Forescout’s integrated ServiceNow solution

Orchestrated security approach delivers improved asset intelligence through device visibility and real-time reporting for rapid time to value

Sydney, Australia – Forescout Technologies, Inc. (NASDAQ: FSCT), the leader in device visibility and control, has announced it has created an integrated solution with ServiceNow (NYSE: NOW) to deliver an asset intelligence solution for customers, such as the State of Utah. To protect approximately 60,000 network-connected devices across state agencies that serve 3.1 million inhabitants, the State of Utah relies on Forescout’s integrated solution with ServiceNow’s offerings for automated, agentless visibility and real-time asset management, resulting in projected compliance cost savings and a dramatic improvement in network visibility and control.

“The powerful Forescout solution that integrates ServiceNow’s offerings helps the State of Utah eliminate network blind spots and maintain an accurate asset inventory at all times, which is critical to achieving regulatory compliance and minimising security risk,” said Pedro Abreu, chief strategy officer, Forescout. “We believe collaboration across the industry is key and this integrated solution brings together the right ingredients for Utah to orchestrate a successful security management system and as a result, improve its cybersecurity posture, IT efficiencies and overall bottom line.”

The State of Utah began looking for trusted security partners as manual compliance tasks on its large network were projected to cost more than one million dollars. With Forescout’s ServiceNow integration, Utah is projected to save millions of dollars resulting from faster audits by automating real-time asset management, compliance remediation and incident response workflows.

“As a trusted and strategic digital transformation partner to more than 40 per cent of the world’s largest public companies, ServiceNow delivers digital workflows that create great experiences and unlock productivity,” said Pablo Stern, vice president and general manager, IT operations management, ServiceNow. “The combination of our world-class security operations management and IT operations management with Forescout increases operational efficiency, service reliability and cybersecurity effectiveness to transform how people work.”

Utah’s security strategy combines Forescout’s agentless network visibility, continuous monitoring and automated response capabilities with ServiceNow’s asset configuration, automated service mapping and regulatory compliance management. The integrated solution helps Utah enhance asset management, improve operational efficiencies and effectiveness as well as streamline compliance. Additional anticipated benefits from the Forescout and ServiceNow technology integration include:

  • reliable, single-source-of-truth repository that increases asset compliance and cybersecurity effectiveness
  • reduced labour costs for regulatory audits and asset inventory assessments
  • real-time monitoring and rich contextual asset intelligence across campus, data centre, cloud, IoT and operational technology (OT) environments
  • reduced risk through automated incident response workflows.

Throughout the duration of the partnership and continued product innovation, Forescout and ServiceNow have made it a best practice to actively collect feedback from their customers, including the State of Utah, using their integrated solution. This enables customers to receive continuous product updates that keep their solution up to date, and is one of the many ways that Forescout and ServiceNow continue to deepen and expand their partnership to deliver world-class solutions.

Additional Resources:

About Forescout:
Forescout Technologies, Inc. provides security at first sight. Our company delivers device visibility and control to enable enterprises and government agencies to gain complete situational awareness of their environment and orchestrate action. Learn more at www.forescout.com.

© 2019 Forescout Technologies, Inc. All rights reserved. Forescout Technologies, Inc. is a Delaware corporation. A list of our trademarks and patents can be found at https://www.forescout.com/company/legal/intellectual-property-patents-trademarks. Other brands, products, or service names may be trademarks or service marks of their respective owners. Logo_Jan2019

Seven ways to increase your chances of achieving media coverage

media coverage

Media interviews can help gain positive coverage for you and your company. Journalists hold the key and, if your company’s story gets published, it could lead to more enquiries and sales.

Given the importance of media coverage, it’s essential that, in a media interview, you convey your business as something worth writing about. A journalist is looking to transform the information you give them into a story, so it needs to be clear and compelling. Continue reading “Seven ways to increase your chances of achieving media coverage”

Cryptojacking shows no signs of slowing down in 2019, says ESET

Sydney, Australia – Cases of cryptocurrency mining and cryptojacking will continue to grow in 2019, as attackers target smart devices and home assistants to build cryptomining farms, according to ESET’s latest trends report. Along with cryptomining, Cybersecurity Trends 2019: Privacy and intrusion in the global village details the predictions of top experts from the global cybersecurity firm, revealing the cybersecurity trends set to impact businesses in 2019.

Trend #1: Cryptomining continues to rise

Cryptocurrency mining beat ransomware in terms of media attention in the past year and cryptojacking – the process by which a device is hi-jacked illegitimately – “shows no signs of slowing down”, according to ESET Senior Security Researcher David Harley.

Commenting on this trend, Harley said that, “We can also expect to see more coin-mining software attempting to remove competing coinminers on compromised systems in order to get a higher-calorie slice of the processing pie.”

An increase in the adoption of cryptocurrencies, as well as a rise in the number of devices connected to the internet, could also mean that smart devices and homes assistants become the entry point for attackers to build cryptomining farms in 2019. Cyberattacks specifically designed to attack IoT devices, such as automated scripts that exploit vulnerabilities in connected devices or processes that are designed to take control of them, will become more frequent.

Trend #2: Data privacy will make or break companies

In 2018, issues around data privacy and protection came sharply into focus following a number of high-profile cyberattacks, data leaks and privacy missteps, as well as the implementation of GDPR. ESET Senior Security Researchers Stephen Cobb and Lysa Myers commented that in light of incidents such as Cambridge Analytica, we are likely to see people searching for alternatives to the platforms such as Facebook that currently dominate. Given the importance of customer data to companies, individuals, and to cybercriminals, ESET argues that the ability to properly manage data privacy could decide which companies stay in business in 2019.

Trend #3: Attackers use automation to advance social engineering campaigns

ESET asserts that 2019 will see an increase in cybercriminals’ use of automation in attempts to collect more data so that they can launch more personalised and sophisticated social engineering campaigns.

Lysa Myers, ESET Senior Security Researcher, writes that, “While some phishing and other fraud attacks have certainly improved their ability to mimic legitimate sources, many are still painfully obvious fakes. Machine learning could help increase effectiveness in this area.”

Trend #4: A move towards a global privacy law?

Following the implementation of GDPR, ESET questions whether the EU legislation is the first step towards a global privacy law, particularly as similar models start to appear in California, Brazil, and Japan. Considering this, ESET warns against dismissing privacy rights and data protection as an EU anomaly. The pressure to protect customers’ data and ensure the privacy of sensitive information is a global issue and will certainly encourage a move towards GDPR-style privacy around the world.

For more on the trends set to impact the industry in 2019, read ESET’s Cybersecurity Trends 2019: The Cost of our Connected World.

About ESET
For 30 years, ESET® has been developing industry-leading IT security software and services for businesses and consumers worldwide. With solutions ranging from endpoint and mobile security, to encryption and two-factor authentication, ESET’s high-performing, easy-to-use products give consumers and businesses the peace of mind to enjoy the full potential of their technology. ESET unobtrusively protects and monitors 24/7, updating defenses in real-time to keep users safe and businesses running without interruption. Evolving threats require an evolving IT security company. Backed by R&D centers worldwide, ESET becomes the first IT security company to earn 100 Virus Bulletin VB100 awards, identifying every single “in-the-wild” malware without interruption since 2003. For more information visit www.eset.com or follow us on LinkedIn, Facebook and Twitter.

Palo Alto Networks integrates RedLock and VM-Series with AWS Security Hub

Sydney, Australia – Cybersecurity solutions provider Palo Alto Networks has announced the integration of RedLock and VM-Series for AWS Security Hub, a new security service from Amazon Web Services.

Palo Alto Networks helps organisations move their applications and data to AWS with inline, API-based and host-based protection technologies that work together to minimise risk of data loss and business disruption.

Building on native AWS security capabilities, these protection technologies integrate into the cloud application development lifecycle, making cloud security frictionless for development, security and compliance teams.

AWS Security Hub is designed to provide users with a comprehensive view of their high-priority security alerts and compliance status by aggregating, organising and prioritising alerts, or findings, from multiple AWS services, such as Amazon GuardDuty, Amazon Inspector, and Amazon Macie as well as from other APN security offerings.

The findings are then visually summarised on integrated dashboards with actionable graphs and tables.

Customers can use these collaborative efforts to help verify that their applications and data are secure.

  • RedLock integration: RedLock by Palo Alto Networks further protects AWS deployments with cloud security analytics, advanced threat detection and compliance monitoring. RedLock continuously collects and correlates log data and configuration information from AWS Config, AWS CloudTrail, Amazon Virtual Private Cloud (Amazon VPC) flow logs, AWS Inspector and Amazon GuardDuty to uncover and send security and compliance alerts to the AWS Security Hub console. The RedLock integration with AWS Security Hub provides additional context and centralised visibility into cloud security risks, allowing customers to gain actionable insights, identify cloud threats, reduce risk and remediate incidents, without impeding DevOps.

 

  • VM-Series integration: The VM-Series next-generation firewall complements AWS security groups by first reducing the attack surface through application control policies, and then preventing threats and data exfiltration within allowed traffic. The VM-Series integration with AWS Security Hub uses an AWS Lambda function to collect threat intelligence and send it to the firewall as an automatic security policy update that blocks malicious activity. As the IP address information changes, the security policy is updated without administrative intervention.

Palo Alto Networks public cloud security products and engineering senior vice president Varun Badhwar says, “The Palo Alto Networks product integrations help customers verify that their users, applications, and data are secure through a single pane of glass.

“The RedLock integration allows customers to monitor advanced threats due to common cloud misconfigurations, stolen credentials, and malicious user and network activities, while the VM-Series integration automates policies to block malicious activity.”

“With more businesses moving to the cloud, it’s critical that the alert data they receive provides them with actionable insights to successfully combat cyber attacks.”

Konica Minolta receives top honour in the Australian Human Rights Commission Human Rights Awards

Sydney, Australia – Konica Minolta has been awarded the Human Rights Award 2018 in the Business category, for showing leadership in the people-centred policies that promote human rights in its business and supply chain.

The Human Rights Award is the pinnacle of human rights recognition in Australia, highlighting the outstanding contribution of individuals and organisations in promoting and protecting human rights and freedoms.

Konica Minolta delivers on its commitment to human rights in three key areas:

  1. People – by respecting and promoting the human rights of its employees through its diversity and inclusion strategy, and the implementation of progressive policies such as domestic and family violence support and Indigenous procurement strategies.
  2. Customers – by engaging with human rights in its value chain through the launch and implementation of its ethical sourcing roadmap and supplier code of conduct.
  3. Community – by supporting human rights through its non-profit partners including Breast Cancer Network Australia, Landcare Australia, The Smith Family, and Project Futures, business and human rights networks; and in pursuing its vision of being a business leader in human rights in Australia and the region, advocating for important policies such as the Modern Slavery Act, which was passed by the federal government on November 29, 2018.

Dr David Cooke, managing director, Konica Minolta Australia, said, “Konica Minolta has been actively involved in supporting human rights and has made significant efforts to not only ensure it has practices in place to ensure the ethical management of its own supply chain, but has also provided resources, raised awareness and worked with the government for changes to be made to address the issues of modern slavery in Australia and internationally.

“As well as ongoing community partnership programs, we’re dedicated through our efforts and influence to improve the quality of life for people affected by modern slavery or unfair work practices throughout the supply chain. Increasingly, we’re finding customers and employees are moved to work with companies that have purpose and diversity, and are committed to doing the right thing.

“We’re humbled to have received this Australian Human Rights Commission Award, and we thank all of the nominees for their initiatives and commitment to human rights. Doing what we can to uphold human rights isn’t just the right thing to do, it’s a necessity if we’re going to build a society where every individual is empowered to achieve their full potential.

“This not only provides a platform to demonstrate the inspiring work the team at Konica Minolta is doing, but also to encourage other businesses to look inward at the impact of their core business and operations, as well as those of their suppliers or business partners, to avoid negatively affecting human rights.”

-ENDS-

 About Konica Minolta
Konica Minolta Business Solutions Australia Pty Ltd is a market leading provider of integrated solutions and managed services with the power to transform business environments.

Konica Minolta works with organisations large and small to provide integrated print and content management solutions and services to improve productivity, reduce costs, increase security and achieve sustainability outcomes. Optimised Print Services (OPS) combine consultancy with hardware and software implementation and operation.

Headquartered in Sydney, Konica Minolta Australia delivers expert professional services with experienced and responsive client support, in addition to the world-class service provided through its extensive network of direct sales offices and authorised dealers.

For more information: https://www.konicaminolta.com.au/sustainability

Journalist interviews: how to maximise your coverage

Positive media coverage can attract important opportunities for growth.

Given this, it’s important that your media spokespeople make a great first impression on a journalist. Journalists are the key to your exposure and, ultimately, they determine how your business is perceived through media coverage.
Continue reading “Journalist interviews: how to maximise your coverage”

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