MADISON, Wis.--(BUSINESS WIRE)--Esker, the leader in document process automation solutions, announced today that it has achieved 32.7 million Euros in sales revenue for 2010 – a 19% increase over the previous year (14% based on a fixed exchange rate). Positioned among the leading French software vendors, Esker has successfully incorporated cloud computing into its solutions and effectively achieved international development, resulting from years of strategic positioning.
41% of sales revenue achieved in the cloud
With 82% of its sales revenue in France realized in a SaaS (Software as a Service) model, Esker’s global subsidiaries have experienced a similar trend and registered a 56% increase in their on-demand activities. Esker cloud-based automation solutions and services experienced significant growth and success:
- Esker on Demand grew 42% while FlyDoc grew 25%
- Customer portfolio expanded to include Lafuma, Sodexo, Groupe Zannier, Parfip Lease, Entremont, Thomson Reuters and Jenny Craig by Nestlé Nutrition
- Over 120 million pages were processed by eight Esker production facilities throughout the world (France, the United States, Australia, the United Kingdom, Spain, Belgium and Singapore)
“To accelerate our 2011 growth, we will continue to develop Esker on demand services with a new release of our accounts payable automation solution and with the expansion of our French mail factory to a new and larger site. We will, therefore, be able to better address the growing outsourcing and document process automation needs of our customers,” said Jean-Michel Bérard, CEO and President of the Board of Directors, Esker.
68% of sales revenue realized outside France
With 68% of its sales revenue achieved outside France, Esker is one of the foremost French software vendors in strength of international presence. In 2010 Esker’s worldwide presence registered an important increase in sales revenue: 10% in the United States, 14% in Asia-Pacific and 18% in Europe (51% in Germany, 43% in Spain and 19% in France). In 2010 Esker also reinforced its presence in Asia with the opening of a new subsidiary in Malaysia (following Singapore in 2006). With an already strong position in Europe, North America and Australia, Esker is capitalizing on Asia’s dynamism as well as that of emerging markets.
“Our double-digit growth is the result of our international development and our move from an on-premise to a cloud computing-based software vendor. Thanks to a strategy defined five years ago, we are able to offer companies a unique international on-demand externalization and document process automation solution for all their business documents — vendor and customer invoices, customer orders, etc.,” added Bérard.
About Esker
Esker is a recognized leader in helping organizations reduce the use of paper, eliminate manual processes and simplify IT landscapes. With its comprehensive platform, Esker delivers the benefits of automated document processing as on-demand services (SaaS) and on-premise solutions. Customers achieve significant operational efficiencies, cost savings and ROI in as little as three to six months while gaining visibility and control within order-to-cash and procure-to-pay business processes ranging from sales order management and accounts receivable to purchasing and accounts payable. Founded in 1985, Esker operates globally with more than 80,000 customers and millions of licensed users worldwide. Esker has global headquarters in Lyon, France and U.S. headquarters in Madison, Wisconsin. For more information, visit www.esker.com. Follow Esker on Twitter and join the conversation at twitter.com/eskerinc.
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