Meridio Partners Lead Industry in Worldwide Business Expansion
Strong growth in Meridio Business Partners and Worldwide Operations fuels growth exceeding industry averages
Belfast, NI, August 3, 2006 – Meridio, the leading worldwide provider of enterprise Document and Records Management (eDRM) software engineered for Microsoft® .NET platforms announced today significant growth in worldwide operations in the Fiscal Year ended June 30, 2006. Fueled by the success of Meridio partners, Meridio has seen significant growth in customer acquisition, market presence and key vertical markets.
Meridio saw license revenues rise over 100% year on year. This rapid growth was far in advance of even the most optimistic records management industry analysts' predictions of 15% and continues Meridio's record of strong, above-market growth rates over the last five years.
"Fiscal 2006 was a great year for Meridio," said Brian Baird, CEO at Meridio. "We saw our partners grow across the board, but especially in the key verticals of Government, Financial Services and Manufacturing. We achieved significant new sales across all of our geographical areas and it was particularly gratifying to see important new customer wins in North America and Asia Pacific on the back of substantial new investment in those regions. This has us well positioned for continued growth into Fiscal 2007."
"Partners are a key go-to-market strategy for Meridio," said Nigel Hutchinson, VP of Operations for EMEA. "Our partners help us penetrate key markets and countries while providing the domain knowledge necessary for Meridio to satisfy customers' Information Management problems."
Getronics a leading international Information and Communication Technology provider with outstanding expertise in workspace management and application services has seen success throughout EMEA in its Future Ready Workspace solution.
"Our global partnership with Meridio, initiated last year in October, allowed Getronics to bring a full Microsoft-based ECM solution framework to the market," said Serge Desaranno, Global Solution Director ECM. "After 9 months this has resulted in a series of wins in Belgium, the Netherlands, Spain, Switzerland and Italy. Getronics is now planning to incorporate the Meridio-based e-message archiving solution in its Future Ready Workspace as an optional module."
Fujitsu a leading provider of customer-focused IT and Communications solutions for the global marketplace saw growth in the Defense and Security sectors.
"Meridio and Fujitsu's long-term partnership in enterprise document and records management systems has produced extremely advanced systems for the Defense and Security sector," said Mike Newman, Director Defense and Security, Fujitsu. "This year has seen a significant growth in both Meridio's product and Fujitsu's services business and our joint proposition places us in a strong position for the future."
HP Services provides a complete portfolio of services tailored to unique business and IT needs - today and in the future.
"This year has seen a strengthening of the relationship between Meridio and HP in UK Central Government," said Stephen Long, Director, C&I UK&I, HP. "We are working with Meridio to address the ever growing need for improved management and security of information in a number of key customers as part of their transformational government programs." Long added, "In addition we have been able to extend this success to the UK Financial Services and London insurance market with one of the specialist underwriters in this sector."
Inmeta, the leading market supplier dedicated to optimization of acquisitions of license agreements to international corporate customers saw growth in the Scandinavian region.
"The joint investment by Inmeta and Meridio during the last two years has resulted in a rapid growth in business. Three major new wins in the last three months has seen this continue," said Øistein Kvarme, Sales Director – Inmeta. "In fiscal year 2007 we have committed further investment and our joint marketing program will strengthen our position as a major eDRM solution provider in Scandinavia."
North American Business was strong in FY 2006 for Meridio, with customer acquisition in the key market segments including Federal Government, Insurance, Transportation, Energy, Professional Services and High Technology.
"Meridio's goal in North America for 2007 is to leverage our success in the expanding RM marketplace," said Becky Thomas, VP North American Operations. "With the continued support from our partner community, we will satisfy our customers' compliance needs."
About Meridio
Meridio is a leading worldwide provider of enterprise Document and Records Management (eDRM) software, engineered for Microsoft® .NET platforms. Meridio® enables organizations to meet their corporate governance needs including compliance to legislation, avoidance of litigation, and business process optimization. Meridio with Microsoft provides complete lifecycle Enterprise Content Management (ECM), from document creation and modification, to record declaration, policy-driven retention and final disposal.
Meridio is a Microsoft Gold partner with operations in North America, Europe and Asia Pacific.
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