SOURCE: Notable Solutions, Inc.

Notable Solutions, Inc.

September 07, 2011 10:00 ET

Notable Solutions Posts 35 Percent Growth in Revenue for Fiscal 2011

Record Growth in Revenue, New Customer Acquisition Continues to Outpace Document Capture Market

ROCKVILLE, MD--(Marketwire - Sep 7, 2011) - Notable Solutions, Inc. (NSi), a leading developer of distributed content capture and workflow solutions, today announced that it has achieved record revenue for its fiscal year ending June 30, 2011, reporting year over year growth of 35 percent. The company's outstanding performance was driven by record software license, maintenance and services revenue coming from each of its North American, Latin American and European operations. Profitable and cash flow positive, NSi continues to build on its market momentum which has resulted in an impressive 37 percent CAGR over the past three years.

NSi attributes its success to several factors, including the increased adoption of both Multi Function Device (MFD) and desktop application based document capture and the industry acceptance of its flagship product, NSi AutoStore™, which is being utilized by more than 8,000 organizations worldwide. During its fiscal year 2011, Notable Solutions added over 3,000 new customers alone. While growth in the capture market segment is predicted to grow by 15 percent a year, based on a July 2011 report by Harvey Spencer Associates, NSi's performance is more than double that prediction and ranked number one in its segment in the report.

"NSi has delivered remarkable earnings this year, even in the face of continuing economic challenges," said Mehdi Tehranchi, Chief Executive Officer at Notable Solutions, Inc. "We've also gained significant recognition from analysts and customers, verifying that AutoStore provides the powerful benefits demanded for their businesses -- scalability, security, easy integration and broad device support. The expanded use of our electronic file capture products such as AutoCapture has also made a major impact to our customers' productivity and NSi's bottom line this year."

In further 2011 highlights, the company was cited as a major player in the "Competitive Landscape: Software Solutions for Smart Multifunctional Products (SMFP), Worldwide, November 2010," report by Gartner, Inc. AutoStore also outpaced its competitors by generating 4+ stars in 12 categories in a capture study released in May by AIIM.

Other kudos for the year include being named the Top Green IT Product by Network World magazine, designation of Platinum/Gold Partner for Xerox in Europe and bEST Partner Certification from Konica Minolta. Among the many new customers NSi added this year, were Symantec Corporation, the Department of Veterans Affairs, Nomura Securities (U.S. and Europe), Banco de Chile and Google Brasil.

About Notable Solutions, Inc.

Notable Solutions, Inc. (NSi) is a leading provider of paper and electronic content capture and business automation solutions. NSi's flagship product, AutoStore, captures paper and electronic documents from a copier, scanner, or printer, then routes the information into the appropriate business system based on the document type. As a result, business is done faster, with less effort -- and with less paper. AutoStore is the information on-ramp for nearly 500 models of MFDs and network-attached scanners -- from Fujitsu, HP, Kodak, Konica Minolta, Kyocera, Lanier, Lexmark, Ricoh, Savin, Sharp and Xerox. For more information visit:

Contact Information

  • Contact:

    Mike Morper
    VP Marketing
    Notable Solutions, Inc.
    +1.240.683.8400 x5098
    Email Contact

    Barrie Locke
    Ripple Effect Communications
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