M-Files achieves record growth and market momentum in 2022
M-Files, a global leader in information management, today announced that the company achieved 33 percent year-over-year (YOY) growth in subscription revenue and 40 percent growth in new customer sales in 2022. M-Files continued to dominate the small and medium-sized enterprises (SMEs) and drives value into the corporate market with an average deal size of new customers that grew by 60 per cent year-on-year. In 2022, M-Files increased sales in Western Europe by 59 percent, increased orders for professional services industrial customers by 30 percent, gained 100 new customers for its external collaboration solution, M-Files Hubshare, and reached new milestones in key growth metrics.
M-File’s partner ecosystem includes strategic alliances, Global System Integrators (GSIs) and Premier and Authorized Partners, which are a critical component of its go-to-market strategy. To support the rapidly growing partner program, in 2022 M-Files also increased the number of Certified Delivery Partners by 84 percent, Certified Solution Engineers by 79 percent, Certified Developers by 90 percent, and Certified Solution Architects by 56 percent. With its increased investment in partner enablement, the company will host a global partner conference in May 2023 and has launched a new podcast series designed to help partners implement customer success programs in their own organizations.
“2022 was a record year for M-Files where we achieved the highest ARR growth ever in Western Europe, secured our largest customer gain in the Professional Services industry and acquired the most new customers ever,” said Antti Nivala, Founder and CEO, M-Files. “These achievements are a testament to our ability to deliver effective solutions that position us as a strategic partner for information management challenges. We look forward to continuing to serve knowledge workers by providing innovative platform enhancements that deliver superior customer experiences and drive higher quality work with lower risk.”
Microsoft partnership
In 2022, to reinforce its strong partnership with Microsoft, M-Files announced new M-Files subscription offerings in the Microsoft Azure Marketplace. Customers can now order M-Files subscriptions directly through the Azure Marketplace and link the M-Files subscription to their Microsoft Azure Consumption Commitment (MACC). With its deep integration with Microsoft tools, M-Files helps organizations optimize investments in Microsoft 365 by offering expanded capabilities for business processes and information management. M-Files makes Microsoft 365 the single point of access for all enterprise data, allowing enterprises to find, access and manage all connected data, regardless of its storage location, through the Microsoft 365 user interface. Joint M-Files and Microsoft Azure cloud customers include Wärtsilä, OMV, Crowe and VDA. In Q2 2023, M-Files will introduce further product launches that complement the Microsoft offering.
Commitment to renew M-File’s document management platform and offerings
M-Files continued to advance its platform in 2022 to provide further improvements in mobility and accessibility, content collaboration, improved decision-making, and most importantly, a superior user experience with better information layers, improved navigation and increased readability.
M-Files’ product innovations and proprietary AI capabilities were also recognized in awards programs, and the company was included in the 2022 KMWorld AI 50 list, named a winner in the Business Intelligence Group’s Artificial Intelligence Excellence Awards, and M-Files’ intelligence service, Smart Migration , is named a finalist in the 2022 CRN Tech Innovator Awards.
In addition, the company recently expanded its offering with next-generation no-code document automation capabilities through the acquisition of Ment in February 2023, enabling lawyers to generate complex data-driven documents more quickly and consistently. Law firms and in-house legal departments benefit from M-Files Ment:
“The automation of standard contractual clause (SCC) modules has greatly contributed to improved contractual compliance and generated time savings for attorneys as they support their most critical cases. M-Files Ment empowers our end users to feel confident in creating and sign these new agreements in a self-service manner. said Niina Koponen, head of legal partner care, Tietoevry.
Continued recognition as an industry leader across analyst and pricing organisations
M-Files’ innovations have been praised across the analyst community, with M-Files recently recognized as a Gartner Peer Insights Customers Choice for Content Services Platforms, with 100% of Gartner Peer Insights respondents recommending M-Files as a CSP in the past 12 months, as of March 6, 2023. In addition, M-Files was recognized by TrustRadius with a 2022 Best Feature Set and a 2022 Best Relationship Award in document management.
M-Files’ accolades extend beyond the analyst community. M-Files was honored as a Grand Trophy Winner in the 2nd Annual Globee® Disruptor Company Awards, a Gold Globee® Winner in the Information Technology Cloud/SaaS category in the Golden Bridge Business and Innovation Awards 2022, a Silver Winner in Company of the Year – B -to-B category of the Best in Biz Awards 2022, and a bronze Stevie® Award winner in the category of Most Innovative Technology Company of the Year (up to 2,500 employees) in the American Business Awards®. The Business Intelligence Group’s BIG Awards for Business also named M-Files a winner in the Company of the Year category and M-Files’ founder and CEO, Antti Nivala, a winner in the Manager of the Year category for the second consecutive year.
Customers share the benefits of the M-Files platform to optimize document management and improve how they do business in the digital, work-from-anywhere world.
