SOURCE: eCopy, Inc.

October 09, 2006 08:30 ET

eCopy™ Reports Thirteenth Consecutive Year of Record Order Volume

Rapid Global Growth Strengthens eCopy's Position as the Most Widely Used MFP Software for Scanning Paper Documents Into Office and Business Applications

NASHUA, NH -- (MARKET WIRE) -- October 9, 2006 -- eCopy Inc., a leading provider of solutions that integrate paper documents into enterprise software applications, today announced record order volume for the fiscal year ending June 30, 2006, marking 13 consecutive years of order volume growth. For the year, eCopy orders grew 37 percent to US$62.4 million, driven by strong global demand for its document imaging and distribution products and an expanding European presence. The company sold nearly 26,000 licenses of its flagship product eCopy ShareScan® OP during the fiscal year, an 82 percent increase over the previous year.

"eCopy continues to set the standard among companies providing document scanning software for multifunction products (MFPs)," said Edward Schmid, eCopy president and CEO. "Our company dramatically grew sales in our Canon distribution channel and launched fast growing businesses in the Ricoh, Sharp, and Toshiba channels. Over 100 organizations have joined our eCopy Connections Alliance Partner program and have or are developing Connectors to our Open Platform Architecture, strengthening our position in the enterprise."

According to Keith Kmetz, an industry analyst with IDC, "A key driver in eCopy's recent growth is its ability to provide a standard document scanning operating platform across MFP brands, so office workers can use the same scanning procedures at any of their organization's MFPs. This approach is changing the way offices deal with paper, making it easy to scan paper-based information securely from any MFP into any electronic workflow."

During its last fiscal year, eCopy achieved a number of important milestones including:

--  Continued record eCopy order volume through Canon subsidiaries
    worldwide.
    
--  Fiscal 2006 European order volume grew 102 percent over last year to
    more than US$14.2 million.
    
--  New and expanded customer implementations spanning across North
    America and Europe that help organizations capture paper-based information
    into enterprise applications, including Verizon, Honda, Hong Kong Monetary
    Authority, ntl, GMAC Financial Services, Nissan, and AIG. During the fiscal
    year, eCopy surpassed the 2 million mark for eCopy Desktop™ licenses sold
    and 50,000 mark for ShareScan licenses sold.
    
--  A highly successfully eCopy Paper Connection Forum which brought
    together 460 attendees to chart the course for next generation applications
    that integrate paper documents into electronic business processes.
    
--  Industry recognition for company and product excellence. eCopy was
    named to Gartner's elite list of "cool vendors" and was awarded the
    prestigious "Most User Friendly Scanning Solution" Award for 2006 by BERTL.
    Additionally, Buyers Laboratory cited eCopy as providing the "Outstanding
    Scan Routing Solution" in its "Pick" awards.
    
--  A significantly expanded market presence with Canon, Konica Minolta,
    Gestetner, HP, Lanier, Ricoh, Savin, Sharp, and Toshiba all now offering
    "eCopy Ready" MFPs, which enables office workers to use the same scanning
    procedures across MFPs from these companies.
    
--  eCopy unveiled an online sales and technical training resource for
    office equipment dealers (OEDs). The narrated, modular training, called
    eCopy College, is designed to help OEDs sell and support eCopy products.
    
--  eCopy expanded its presence in markets around the world with a
    workforce growing to more than 220 employees dedicated to MFP document
    scanning solutions.
    
"Document scanning is a pivotal technology for organizations to efficiently collect, digitize, and categorize more information every day. eCopy's market opportunity is expanding at a fast rate with workgroup laser-based MFPs* growing by 33 percent last year according IDC," Schmid said.

About eCopy, Inc.

eCopy, Inc. is an innovative provider of open and flexible solutions that rapidly integrate paper-based information into existing business processes and applications. Numerous industries, including legal, healthcare, and financial services, use eCopy to easily access, modify, distribute, and share information to add value to their business. eCopy customers include Nissan, Verizon Wireless, BP, Sprint, General Motors, Clifford Chance, Siemens, Cisco Systems, SAAB, and Sony Corporation. eCopy, Inc. is a global company headquartered in the United States, with subsidiaries in Japan and the UK, offices in Germany, France, Scandinavia, and Australia as well as sales operations in Mexico, Canada, Latin America, Singapore, and New Zealand. For more information, visit www.ecopy.com.

eCopy, ScanStation OP, and eCopy Desktop are trademarks and eCopy ShareScan OP is a registered trademark of eCopy, Inc. All other referenced product names are trademarks of their respective owners.

*Defined as 21+ppm monochrome laser MFPs and 11+ppm color laser MFPs

Contact Information

  • Press and Industry Analyst Contact:
    Bill Brikiatis
    eCopy, Inc.
    Director, Media and Analyst Relations
    +1.603.881.4450 ext. 436
    Email Contact