M-Files positioned as a Visionary based on completeness of vision and ability to execute.
READING, UK – Oct. 30, 2018 – M-Files Corporation, the intelligent information management company, today announced that the company has been recognised as a Visionary in Gartner, Inc.’s 2018 Magic Quadrant for Content Services Platforms. This is the third consecutive year that Gartner has positioned M-Files as a Visionary based on the company's completeness of vision and ability to execute.
The industry continues to shift from traditional, siloed document management and enterprise content management systems toward more open, unified and intelligent content services platforms. Rather than forcing all information into a single, monolithic system, the new wave of content services platforms (CSP), in addition to providing their own repository, support accessing and managing information in other systems. M-Files offers this capability with both traditional content repositories and core business systems, such as CRM and ERP.
According to Gartner’s 2018 Magic Quadrant for Content Services Platforms, “The evolving product landscape for content services platforms creates new opportunities for digital business transformation.” In addition to providing full SaaS public cloud support for those who need or desire it, the M-Files intelligent information management platform also uniquely offers both cloud and on-premises options with a single user license, providing instant cloud readiness for those organisations wishing to continue to leverage investments in on-premises systems and infrastructure. This enables organisations to move parts of their business systems and processes to the cloud in a phased manner, allowing them to start leveraging new capabilities and services that are only available in the cloud, such as the ability to rapidly scale up or down, geographic redundancy and massively parallel computing resources that power new artificial intelligent services.
Gartner continues, “The worldwide content services software revenue totaled $9.6 billion in 2017 (up from $8.4 billion in 2016). The overall market grew 15.7% in U.S. dollars in 2017 (down from 16.0% in 2016).” M-Files Online offers a new invention called the Intelligent Metadata Layer that enables organisations to develop new use cases and refine existing ones in the parts of the organisation that are driving innovation, while allowing others to continue to utilise existing systems and processes undisturbed. This enables organisations to advance and improve while also simplifying change management and avoiding expensive and time-consuming migration projects, two traditional obstacles to innovation.
“We believe that our recognition by Gartner as a Visionary for the third consecutive year is a testament to our success in changing the way the world manages information," said Miika Mäkitalo, CEO at M-Files Corporation. "Our strong growth in revenue, our customer base and partner network illustrate that it's not just a vision of the future, but reality today.”
M-Files grew revenue by more than 37 percent in 2017 over 2016, including strong growth in its global partner network, now numbering more than 600 partners worldwide. The Company also achieved a 121 percent increase in cloud revenue in 2017. The Company sustained a cumulative revenue growth of more than 2,500 percent over the last eight years. In addition, M-Files recently received EUR 27 million from the European Investment Bank (EIB) to support this international growth, partner channel expansion and acceleration of R&D.
Gartner, Magic Quadrant for Content Services Platforms, Karen Hobert, Michael Woodbridge, Monica Basso, 25 October 2018. The report was previously titled the Magic Quadrant for Enterprise Content Management.