SOURCE: enChoice, Inc.

enChoice, Inc.

February 07, 2011 08:00 ET

enChoice Announces Record Revenue & Profits for 2010

TEMPE, AZ--(Marketwire - February 7, 2011) - enChoice®, Inc., the enterprise content management (ECM) solutions and services specialists, today announced record revenue growth and profits for fiscal year 2010. enChoice's continued success is driven by product innovation, its reputation for unparalleled ECM expertise, and a growing need for companies to efficiently manage and protect increasingly large quantities of information. 

2010 highlights include:

  • 28% year-over-year revenue growth and a 67% year-over-year increase in gross margin.
  • 50% revenue growth from sales of enChoice's own software, specifically KwikWork® Business Process Framework (BPF) and CYA SmartRecovery™.
  • Increased the customer base by 20%, with new implementations in countries across the globe.
  • Augmented the company's distribution channels through the establishment of new partnerships with CENIT, Enterprise Information Management (EIM), and fme AG. 
  • Released KwikWork Foundations, a turnkey ECM system based on the IBM® FileNet® P8 platform.
  • Launched CYA HOTBackup™, which mitigates planned EMC® Documentum® downtime by performing hot, consistent backups of the entire application (full text index, database, and storage area).
  • Selected as an IBM Beacon Award Finalist for Outstanding Performance in the Midmarket and as a Top 20 World-Wide IBM Business Partner for Midmarket Sales.
  • Achieved record customer satisfaction with an annual average ranking of 9.6 out of 10 points.

At the beginning of 2010, enChoice realigned itself to focus exclusively on its core area of expertise -- the design, development, deployment, protection, and support of ECM solutions. According to Gartner Inc., the ECM market is predicted to exceed $5.1 billion in worldwide software license revenue by 2013.

"It's very gratifying to see that our decision to focus exclusively on ECM is paying off," said Tony White, CEO of enChoice. "Our outstanding team, now 65 people strong, is the key to our success, and will be dedicating its efforts this year to initiatives including support of new ECM platforms, cloud-based offerings, and go-to-market programs with our strategic partners."

About enChoice
enChoice® (www.enchoice.com) offers the most comprehensive range of enterprise content management (ECM) solutions and services available, from system design and installation to deployment, hosting, and single-point-of-contact support. The company delivers fast ROI by leveraging KwikWork®, its award-winning universal user interface, to deploy ECM solutions quickly, easily, and cost-effectively. It is also the only company offering business continuity solutions that maximize ECM system availability while providing complete protection from all types of information loss and corruption. Solutions are offered for a wide range of business needs including content management, business process management (BPM), records management, and data protection.

An IBM Premier Business Partner, EMC ISV/Technology Partner, Microsoft Gold Certified Partner, and a recipient of the 2009 IBM Most Distinguished Achievement Award, enChoice possesses unrivaled ECM expertise, with over 500 implementations and 200 certifications. Customers include Anchor General Insurance, Gruenthal, Petro-Canada, Tejon Ranch, and the U.S. Army.

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