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M-Files completes SaaS transition

M-Files has completed its transition to software-as-a-service in 2020, with 94% of its annual recurring revenue attributed to subscription-based sales.

M-Files added nearly 1,000 new customers in 2020 across its global footprint, providing solutions for boosting collaboration, ensuring a seamless digital experience, and driving new efficiencies in today’s work-from-anywhere world.

Over the last year, M-Files offered more resources to its network of resellers, service providers, developers and technology partners across its regions, signalling a commitment to strengthening and growing those key relationships. Over the last year, M-Files has expanded its strategic alliances with global organisations including Microsoft, Salesforce and Adobe. The company also expanded its technology alliance with Konica Minolta to bring AI-driven document management offerings across the European market; partnered with Fuji Xerox Asia Pacific Pte Ltd to deliver a digital business solution for companies in that region, and an alliance with Iron Mountain showcased joint offerings in the Asian territories of Hong Kong, China, India, Malaysia, Philippines, Singapore, Indonesia, South Korea, Taiwan and Thailand, along with the Nordic region countries of Sweden, Denmark, Finland and Norway.

Founder and CEO Antti Nivala, said: “Last year, more enterprises benefited from our innovative licensing options as they increased knowledge worker productivity, enabled business continuity and reduced risk with M-Files solutions. A January 2021 Series C investment of $80 million will help us continue to drive results and further propel this exciting momentum.”

www.m-files.com

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