Y Soft announces 45 per cent sales growth in FY2018

Sydney, Australia – Y Soft® Corporation, a leading enterprise office solution provider, today has announced that its sales volume for fiscal year 2018 (July 2017 to June 2018) grew by 45 per cent over fiscal year 2017 to (USD) 45 million, nearly 1 Billion in Czech Crowns, attributed in part to its multi-product platform strategy and Software-as-a-Service (SaaS) pricing model.

Y Soft announced the general availability of YSoft SafeQ 6 as a platform in fiscal year 2017. The platform extended the YSoft SafeQ core product, print management, and included new product capabilities including automated scan workflows and 3D print management, the latter bundled with a 3D printer. Now, in fiscal year 2018, document capture capabilities accounted for 5 per cent of the company’s total fiscal year sales volume representing 15 per cent of the total sales volume growth.  The company’s decision to be the first on the market to offer both software and support services as a subscription also had an impact. Fiscal year 2018 saw an increase of closed subscription sales contract volume of 400 per cent over fiscal year 2017.

Sales of YSoft SafeQ 6 overall had an impact as current customers upgraded to the new version and the total number of customers increased to 16,000 from 15,000. The ability of YSoft SafeQ to meet the scalability needs and global requirements of large enterprises is indicated by the growth in the number of customers Y Soft counts on the Global Fortune 500 list; 34 per cent in fiscal year 2018 compared to 31 per cent last fiscal year.

The company’s sales volumes are comprised of software (31%); support/professional services (40%); and hardware, including companion products for YSoft SafeQ – external terminals, card readers and 3D printers (21%). Subscription contracts, which include software and support, were 8 per cent of total sales volume.

Y Soft is committed to supporting its channel partners and throughout the growth, partner satisfaction remained at a high 98 per cent satisfaction level. Additionally, in late fiscal year 2017, Y Soft expanded its manufacturing capabilities and expanded into China in anticipation of growth. In fiscal year 2018, Y Soft expanded its embedded terminal support with Epson, laid the groundwork for new areas of growth by expanding the board with two new positions, a seasoned CFO and a Senior Vice President of Finance.

“The growth we have seen this fiscal year is testament to the hard work of all YSofters, our partner community and the customer feedback we receive,” said Václav Muchna, CEO and co-founder, Y Soft.  While we are encouraged from the validation of our strategy we are also excited about the future capabilities we have planned for the platform and the innovation growth engine we have put in place to ensure we continue to deliver new solutions and opportunities for our partners and customers.”

About Y Soft

Y Soft provides intelligent enterprise office solutions that help build smart business. Our YSoft SafeQ workflow solutions platform is used by corporations and SMB organisations to manage, optimise and secure their print and digital processes and workflows. Our 3D print solutions are focused in the education sector where they provide unique workflow and cost recovery benefits.

Founded in 2000, the company is headquartered in Brno, Czech Republic, with offices in North and Latin America, Europe, Middle East/Africa (EMEA) and the Asia Pacific region (APAC). For more information, please visit www.ysoft.com.

Y Soft Validated as a Digital Transformation Leader in Quocirca Print 2025 Report

— Y Soft offers free Quocirca executive summary on the Digital Workplace of 2025 —

Sydney, Australia– Y Soft® Corporation, a leading enterprise office solution provider, announced that YSoft SafeQ® is the best positioned provider for enterprises’ digital initiatives as identified in Quocirca’s report, Global Print 2025. Y Soft is pleased to offer a complimentary executive summary containing the report’s findings.

In its extensive report on the future of the print industry, Quocirca provides a glimpse into the digital workplace of 2025. Although print continues to play a role, its importance is diminished as businesses become focused on technology and processes that allow them to be more efficient, productive and secure.

Top 7 Areas for Digital Transformation (responses shown as percentage of respondents)

In the Quocirca study, customers identified seven core Digital Transformation areas that are capturing their attention. Y Soft has anticipated these trends and has ensured that YSoft SafeQ, its enterprise workflow solutions platform, has the ability to meet customer’s digital transformation lifecycle needs today and onward toward 2025 as outlined below.

  1. Private, hybrid or public cloud (46%) YSoft SafeQ supports private and hybrid cloud scenarios. With YSoft SafeQ integration with Azure AD services, customers can have a single-sign cloud authentication for cloud-based services and multifunction devices or networked printers.
  1. Mobile printing (45%) Secure mobile printing is a hallmark of YSoft SafeQ. Additionally, YSoft SafeQ is the only certified Enterprise Print Services provider for Mopria, an industry alliance providing standards for printing on Android devices.
  1. Security (43%) In addition to secure access to print devices and pull-printing, YSoft SafeQ encrypts communications within YSoft SafeQ and communications to other systems (for example, 3rd party document repositories, shared network folders and email services) and will provide the corresponding tools to our customers in order for them to be fully GDPR compliant.
  1. Paper-to-digital-workflow (40%) YSoft SafeQ’s automated scan workflows make moving from paper to digital easy for users and administrators. With a growing library of 3rd party connectors, organisations have a secure way to lessen use of paper and eliminate human errors associated with paper processing or basic scan to email.
  1. As-a-service model (35%) Since 2015, Y Soft has made its entire YSoft SafeQ platform, support and services available under a subscription pricing model for all brand name multifunction devices.
  1. Artificial intelligence (33%) Through YSoft Labs and Y Soft Ventures, Y Soft uses robotics and AI to uncover future benefits in the areas of security and quality assurance testing.
  1. Predictive analysis (23%) YSoft SafeQ’s comprehensive reports are easily integrated with leading analytic applications such as PowerBI, Tableau and NewFieldIT’s CompleteView, enabling customers to make fact-based optimisation decisions.

“The Global Print 2025 study reveals that the industry faces challenges ahead in addressing inevitable digital disruption. Y Soft demonstrates the agility and vision to be at the forefront of this changing industry landscape through its innovative products/solutions that support secure, digital workflows in the mobile, cloud enabled future workplace,” said Louella Fernandes, Principle Analyst, Quocirca.

The Quocirca Global Print 2025 report also identifies 3D printing as an area where providers can be more relevant to customers’ digitation needs. YSoft be3D® eDee is the only 3D solution that combines a 3D printer with full 3D print management features. As part of the YSoft SafeQ platform, 3D print management solutions give customers the ability to leverage their investments for the future and offers print service providers a new area for growth.

Quocirca makes the full study available for purchase from its research project website www.print2025.com.

 About Y Soft

Y Soft provides intelligent enterprise office solutions that help build smart business. Our YSoft SafeQ workflow solutions platform is used by corporations and SMB organizations to manage, optimize and secure their print and digital processes and workflows. Our 3D print solutions are focused in the Education sector where they provide unique workflow and cost recovery benefits.

Founded in 2000, the company is headquartered in Brno, Czech Republic, with offices in North and Latin America, Europe, Middle East/Africa (EMEA) and the Asia Pacific region (APAC). For more information, please visit www.ysoft.com.

YSoft SafeQ the first Mopria certified enterprise print server

Android users can now easily print without additional downloads or setting configurations and realise the benefits of enterprise print management

Sydney, Australia – Y Soft® Corporation, a leading enterprise office solution provider and Mopria Alliance member, has announced that YSoft SafeQ is the first Mopria certified enterprise print server.

Y Soft achieved the certification by closely working with the Mopria Alliance and developing a mobile integration gateway between Mopria Print Service and YSoft SafeQ 6 print server. The mobile integration gateway enables wireless printer discovery for any Android mobile device user including individual consumers or those within an enterprise. For the first time, Y Soft is making its technology – including pull printing, reporting and secure printing – available to all individual Android mobile device users by supporting the Mopria Print Service with the YSoft SafeQ print server. YSoft SafeQ enterprise users can also enjoy the full functionality of YSoft SafeQ through the mobile integration gateway.

The Mopria Print Service enables Android mobile device users to easily print to any Mopria certified printer with no additional setup. Mopria is supported by the world’s largest print manufacturers and the Mopria Print Service is available as a free download in the Google Play Store.

“With the YSoft SafeQ Print Server any Android mobile device user can easily print from their favorite app,” said Brent Richtsmeier, Chairperson of the Mopria Alliance Steering Committee. “Our certification process includes optimising the user experience and ensuring future and legacy interoperability. We are pleased to bestow certification on YSoft SafeQ as the first enterprise print server to earn the distinction.”

Prior to Mopria Print Service and the YSoft SafeQ Print Server, users had to go through various steps to attempt to connect their Android mobile device to a cloud-based printer. These steps included downloading specialised apps or complicated configurations on their computer.

The Mopria Print Service guarantees that users can print easily from Android applications that include a dedicated print button or by using the Share-to-Print feature when using the Mopria Print Service version 2.3. YSoft SafeQ Print Server is compatible with the current Mopria Print Service 2.3.

“Printing from mobile devices should be as simple as it is from the desktop,” said Wouter Koelewijn, Chief of Products, Y Soft Corp. “We are thrilled that the YSoft SafeQ print management technology we provide enterprise customers will now be available to any consumer who may use their Android mobile device for personal or business use through the Mopria Print Service and the YSoft SafeQ mobile integration gateway.”

Y Soft has been an Executive Member of the Mopria Alliance since 2016. It works closely with other alliance members such as Adobe, Canon, HP, Samsung, Xerox, Konica Minolta, Qualcomm, Lexmark, Kyocera, Toshiba, Brother, Epson, Fuji Xerox, Microsoft, NEC, Pantum, Ricoh, Sharp, Dell and Primax to simplify printing from smartphones, tablets and other devices.

About Y Soft

Y Soft provides intelligent enterprise office solutions that help build smart business. Our YSoft SafeQ workflow solutions platform is used by corporations and SMB organisations to manage, optimise and secure their print and digital processes and workflows. Our 3D print solutions are focused in the Education sector where they provide unique workflow and cost recovery benefits.

Founded in 2000, the company is headquartered in Brno, Czech Republic, with offices in North and Latin America, Europe, Middle East/Africa (EMEA) and the Asia Pacific region (APAC). For more information, please visit www.ysoft.com.

Y Soft Demonstrates Strong Fiscal Year Growth in 2017

Sydney, Australia –  Y Soft® Corporation, a leading enterprise office solution provider, released an update to its fiscal year statistics demonstrating strong growth and setting the stage for continued innovation in enterprise workflow solutions.

Highlights from the summary issued by Y Soft include:

  • An increase in customers from 14,000 to more than 15,000 demonstrating strong enterprise demand for the YSoft SafeQ® workflow solutions platform. The numbers also indicate an increase in the number of Global Fortune 500 customers who use YSoft SafeQ – 31 percent in 2017 compared to 23 percent reported in 2016.
  • Significant changes in regional revenue indicate that the North America/Latin America (NALA) and Asia Pacific (APAC) regions grew the largest in the fiscal year now representing 14 percent and 12 percent of the company’s revenue respectively. The percentage of customers for NALA increased from 4 percent in FY2016 to 10% in FY2017.
  • Introduced in October 2016, Y Soft’s Global Operational Excellence® (GOE) Framework, a proven set of processes and tools that simplifies the smooth deployment of YSoft SafeQ for global customers demonstrated Y Soft’s ability to manage large, global installations faster and saved, on average, 27 percent of time in the total sales cycle from first customer contact to installation. The average number of devices in installations using the Framework was 350.

With the opening of an additional R&D office, establishing a new sales/support office and a new channel partner in China and expanding its testing and manufacturing facility to a stand-alone, larger building,

Y Soft boosted its capabilities and continues to innovate to meet customer demand.

“Integrated enterprise workflow solutions are at an inflection point as organisations look at digital transformation, security of IoT-based printers and flexible, low-cost IT infrastructures,” said Václav Muchna, CEO and co-founder, Y Soft Corp. “With our platform solution approach, strength in hardware development, a SaaS business model and our deep roots in IT deployments, our ability to meet and exceed customer and partner needs are greater than ever.”

“Security, IoT and “as-a-service” models are changing the value proposition in today’s digital workplace. Solutions providers that are adapting their solutions and products to address the technology  needs of today’s more demanding customers will be best positioned for success in the rapidly changing IT landscape,” noted Louella Fernandes, Principal Analyst, Quocirca.

In an infographic released today, these highlights and other details are visually shown.

About Y Soft

Y Soft provides intelligent enterprise office solutions that help build smart business. Our YSoft SafeQ workflow solutions platform is used by corporations and SMB organizations to manage, optimize and secure their print and digital processes and workflows. Our 3D print solutions are focused in the Education sector where they provide unique workflow and cost recovery benefits.

Founded in 2000, the company is headquartered in Brno, Czech Republic, with offices in North and Latin America, Europe, Middle East/Africa (EMEA) and the Asia Pacific region (APAC). For more information, please visit www.ysoft.com.

Y Soft to expand and open new manufacturing facility

Larger capacity strengthens Y Soft’s business growth, future proofs hardware innovation and supports IoT related products from its Y Soft Venture portfolio companies

Sydney, Australia Y Soft, a leading enterprise workflow solution provider, has announced that it will move its production facility from its headquarters building in Brno, to a nearby, larger facility in the Brno Technology Park. The new, expanded facility will enable increased manufacturing capacity and high quality production infrastructure to support the company’s current increased growth and its future plans. The larger facility also helps Y Soft support the manufacturing of IoT related products from its Y Soft Venture’s portfolio companies.

Y Soft manufactures complementary hardware solutions for its YSoft SafeQ Enterprise Workflow Solution Platform. In the last year, demand for these hardware solutions has increased by more than 21 per cent. In particular, demand for its USB Card readers has been significant.

Additionally, a differentiating strength of Y Soft Ventures is to provide manufacturing, distribution and logistics know-how to its portfolio companies who have IoT-related products. These companies use Y Soft facilities and infrastructure to cost-effectively manufacture their products.

The new manufacturing facility is 1,200 square metres, three times larger than the current production area in the headquarters office. The new facility is situated near the company headquarters building ensuring that R&D and design teams can continue to closely collaborate with manufacturing personnel. The teams in ordering and logistics will also move to the new facility.

“As a strategic differentiator, Y Soft has always manufactured our own hardware to ensure quality and compatibility with our software solutions. With this long-term strategy commitment, increased demand and to future proof our ability to innovate on hardware solutions, we needed to secure additional capacity and capabilities,” said Vaclav Muchna, CEO and co-founder, Y Soft.

The new facility offered an opportunity for the most modern manufacturing machinery and enhanced technology for continual improvement. The production line will be 7 -10 times faster and each individual manufacturing machine will be connected to a central database so that data from all phases of production for every single product unit can be recorded and analysed.

“For example, we will be able to monitor and analyze the historical production data of every part of a printed circuit board at very detailed levels to seek ways to improve quality and manufacturing efficiency,” says Marcel Fejtek, COO and Head of Manufacturing, Y Soft.

The company plans to be fully operational in the new facility by the end of October. An official opening event will be held in early November where local city dignitaries, community leaders, and other interested parties can tour the facility and learn more about Y Soft’s manufacturing capabilities.

About Y Soft

Y Soft provides intelligent enterprise office solutions that help build smart business. Our YSoft SafeQ workflow solutions platform is used by corporations and SMB organizations to manage, optimise and secure their print and digital processes and workflows. Our 3D print solutions are focused in the Education sector where they provide unique workflow and cost recovery benefits.

Founded in 2000, the company is headquartered in Brno, Czech Republic, with offices in North and Latin America, Europe, Middle East/Africa (EMEA) and the Asia Pacific region (APAC). For more information, please visit www.ysoft.com.

Y Soft hardware solutions generally available for YSoft SafeQ Workflow Solutions Platform

YSoft LogoY Soft, a leading enterprise office solutions provider, has globally released new hardware solutions for its YSoft SafeQ Workflow Solutions Platform. The two hardware solutions, YSoft SafeQube 2 and YSoft Terminal Pro 4, are designed to reduce costs in an organisation’s print and digital transformation infrastructure.

Earlier this year, Y Soft announced a major update to YSoft SafeQ Workflow Solutions Platform. Now as a platform, customers can implement features and modules needed today and easily add additional features and modules using the same underlying framework and architecture, including print management and cost recovery for 3D printers.

YSoft SafeQ’s platform architecture also extended the company’s commitment to YSoft SafeQ’s core benefits: reducing print costs, increasing document security and improving employee productivity through custom document capture and automated workflows.

With the release of new hardware solutions for YSoft SafeQ, organisations have additional options to further reduce print and digital transformation infrastructure costs and extend the investment in their current fleet of multifunctional devices (MFDs). The latest hardware solutions that are now globally available provide the following:

– YSoft SafeQube 2. Expensive servers often drive the high cost of print services. By using SafeQube 2, a lightweight appliance, typically 2-4 times fewer servers can be used to support print services[1]. When used with Client Based Print Roaming® (CBPR), a software module in YSoft SafeQ, SafeQube 2 serves as a local connection point for the MFD’s user interface, to perform authentication tasks and data collection for reducing hardware costs.

– YSoft Terminal Pro 4. While SafeQ is embedded into the MFDs of the world’s most popular brands, Terminal Pro 4’s large, 7-inch capacitive touch screen provides a consistent user interface when an organisation has multiple MFD brands or when the printer doesn’t support an embedded solution.

– The Terminal Pro 4 is also the user interface panel in YSoft’s family of 3D printers, YSoft be3D DeeRed and YSoft be3D eDee.

Y Soft ensures compatibility of its software and hardware with the major MFD brands from our partners and some MFD partners require formal certification processes. YSoft SafeQ Workflow Solutions Platform received two certifications. They are:

– bEST certification from Konica Minolta. The bEST certification approves YSoft SafeQ for Konica Minolta’s portfolio of MFDs.

– Ricoh certification of YSoft SafeQ integration with Ricoh’s portfolio of MFDs.

“Research shows that a complete solution is more cost-effective than cobbling a solution together from various sources,” said Václav Muchna, Y Soft CEO and co-founder[2]. “We take pride in designing, manufacturing and testing our own hardware and software to work seamlessly with the MFDs we support.”

About Y Soft

Y Soft provides intelligent enterprise office solutions that help build smart business. Our YSoft SafeQ workflow solutions platform is used by corporations and SMB organisations to manage, optimize and secure their print and digital processes and workflows. Our family of 3D printers provide easy-to-use, high quality and reliable solutions for education and manufacturing.

Founded in 2000, the company is headquartered in Brno, Czech Republic, with offices in North and Latin America, Europe, Middle East/Africa (EMEA) and the Asia Pacific region (APAC). For more information, please visit www.ysoft.com.

1 Results will vary depending on the print volume of the organisation, number of users and devices used

2 Nemertes DN4746 Re-Architecting the Enterprise: The Time is Now, 2015

YSoft SafeQ workflow solutions platform and YSoft be3D eDee now generally available

YSoft LogoY Soft, a leading enterprise office solutions provider, has announced the general availability of the YSoft SafeQ workflow solutions platform and YSoft be3D eDee, the industry’s first 3D printer with print management. The latest version of YSoft SafeQ is now an integrated platform offering print management, document capture and 3D print management for reducing costs, improving productivity, and increasing document and object security.

Since announcing the YSoft SafeQ workflow solutions platform and YSoft be3D eDee in mid-March this year, partners and customers have been using the two new solutions via the company’s Early Access Release program. Now released globally, all customers can take advantage of these new capabilities:

– Document capture with automated workflows – while organisations have been enjoying the benefits of centralised print management, a need existed for integrating automated workflow solutions with centralised print management. With this integration, IT organisations can provide cost savings, productivity improvements and document security from one single application.
Sixty-seven per cent of YSoft partners and customers who participated in the Early Access Release of YSoft SafeQ indicated that the integrated automated workflow was the most anticipated new feature of YSoft SafeQ.

– Client Based Print Roaming (CBPR) – an expansion on YSoft SafeQ’s Print Roaming feature, CBPR lets complex tasks associated with printing be performed on the client workstation. This means fewer and less expensive servers are needed to support existing users and can easily scale for new users.

– Multitenancy – uses the shared economy concept, letting print service providers manage multiple customers using one instance of YSoft SafeQ, where total costs for hardware and software are shared amongst several companies.

– YSoft SafeQ Mobile Terminal – a mobile app that can be used with any multifunction device and is also a cost saving choice for devices without an embedded terminal option.

– YSoft be3D eDee, the first 3D print solution that integrates a 3D printer with YSoft SafeQ, offering comprehensive print management and accounting system designed for the Education market.

– YSoft USB Card Reader 3 is the newest and smallest card reader offering a popular way to access YSoft SafeQ functionality embedded in the major brands of multifunction devices. The card reader allows users to swipe their identification card on the reader to quickly and easily authenticate their access to the print device.

IDC notes the importance of document capture and automated workflow in a recent IDC PlanScape, “The opportunity to digitise, automate, and optimise document-intensive workflows is an area that is frequently overlooked by business leaders but is one that can provide both tactical and strategic advantages for organisations,” says Holly Muscolino, research vice president, Imaging, Printing, and Document Solutions.[1]

IDC also commented on the YSoft be3D eDee solution, “IDC believes this announcement demonstrates the changing needs for management of 3D printers, especially as they enter heavily controlled 2D printing environments. eDee represents a way in which the company can help address the demands of accelerator technology by leveraging the knowledge gained from the traditional hardcopy market.”[2]

“We are inspired by the feedback we received in developing YSoft SafeQ as a platform and in introducing the industry’s first print management solution for 3D printers,” said Václav Muchna, Y Soft CEO and co-founder. “It speaks to the need organisations have for enterprise office workflow solutions that help IT bring value not only in keeping costs in check but in improving productivity.”

About Y Soft

Y Soft provides intelligent enterprise office solutions that help build smart business. Our YSoft SafeQ workflow solutions platform is used by corporations and SMB organisations to manage, optimise and secure their print and digital processes and workflows. Our family of 3D printers provide easy-to-use, high quality and reliable solutions for education and manufacturing.

Founded in 2000, the company is headquartered in Brno, Czech Republic, with offices in North and Latin America, Europe, Middle East/Africa (EMEA) and the Asian Pacific region (APAC). For more information, please visit www.ysoft.com.

[1] IDC PlanScape: Digital Transformation of Document Workflows – Leveraging Automation and Optimization for Competitive Advantage, Holly Muscolino, Ron Glaz, December 2015 IDC #US40645315

[2] IDC Flash: Y Soft Announces Print Management for 3D Printing, Tim Greene, Arianna Valentini, March 2016 IDC #US41139116