— Significant customer growth validates the company’s strategy —
Y Soft® Corporation has released selected financial results for fiscal year (FY) 2019. Sales volume for FY2019 increased 13 per cent (US currency) reaching a record USD$47 million. It’s flagship product, YSoft SafeQ®, is now used globally by 20,000 enterprise customers, a 20 per cent increase from FY2018.
YSoft SafeQ is a key product in the YSoft Workflow Solutions Platform, an integrated platform that offers businesses a scalable infrastructure and modular feature sets including print management, document capture and 3D print management.
The growth in customers is also evident in the number of Global Fortune 500 customers who are using YSoft SafeQ in their business. In FY2019, 42 per cent of the Global Fortune 500 use YSoft SafeQ compared to 34 per cent in FY2018.
The company differentiates itself in many ways including through its customer first approach, providing excellent support and service, and by providing complementary hardware solutions. The sales volume comprised of software (27%), professional services (49%), hardware (21%) and subscriptions (3%). Subscriptions give customers the option to licence YSoft SafeQ as a service instead of purchasing traditional licences.
Other notable FY2019 achievements included:
- expansion of embedded software support for HP® and Brother® devices
- significant customer growth achieved without any outside financial assistance
- an increase in customers using YSoft SafeQ in the cloud. Whether in a private cloud or combination of private cloud and on-premises, YSoft SafeQ’s Building Block architecture, which takes a tiered approach for maximum flexibility, easily lets customers choose the deployment that best works for their business
- The establishment of a unique set of corporate social responsibility (CSR) programs that are designed to inspire social good, transparency, and business conditions that enable companies to thrive in a competitive environment.
“The growth of the company not only enables us to bring new innovations to the YSoft Workflow Solutions Platform to meet the cloud-first needs of our customers, it also lets us accelerate the work we do in YSoft Labs to bring entirely new business solutions to the market, “ said Václav Muchna, CEO and co-founder, Y Soft. “We have an exciting year ahead of us, which promises to see continued growth, even hypergrowth, ahead with a range of new products.”
In an infographic released, Y Soft outlined the regional breakout of its sales volumes and customers as well as other interesting facts for the 2019 fiscal year.
About Y Soft
Y Soft develops intelligent digital transformation office solutions for enterprise, SMB and education that empower employees to be more productive and creative. Our YSoft SafeQ workflow solutions platform enables businesses 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 ease of use and safety benefits, while utilising YSoft SafeQ software for seamless 3D print management.
Founded in 2000, the company is headquartered in Brno, Czech Republic, with offices in North and Latin America, Europe and Middle East/Africa (EMEA) and the Asia Pacific region (APAC). For more information, please visit www.ysoft.com.