Thursday, February 16, 2012

ReadSoft Posts Strong Numbers

Document capture ISV ReadSoft finished 2011 strongly, reporting 13% growth in terms of constant currencies for both the fourth quarter and the year. This included software license sales growth of 17% for the fourth quarter and 19% for the year. This helped ReadSoft increase its operating profit EBITDA for the year to $11 million on $98 million in revenue.

According to ReadSoft's financial report, in the fourth quarter, "All three market areas improved with 'U.S. and the rest of the world' in the forefront with 18% growth." ReadSoft, which is based in Sweden, also saw 13% growth in non-Nordic European markets - a geography where its top competitor Kofax has reported recent weakness.

Also, in the fourth quarter, ReadSoft reported one of the largest deals in the history of its company. The deal was with, "a leading European high-tech manufacturing group. ReadSoft partnered with a global systems integrator to deliver its SAP-certified invoice automation solution to this company with a newly established Shared Service Center, handling accounting and purchase services. The deal is worth [$1.4 million], and includes several years of maintenance."


jay paul said...

Really nice post, you got great blog and Thank you for sharing This excellently written content. Waiting for next one.

HP - EliteBook Convertible 11.6" Laptop - 4GB Memory - 128GB Solid State Drive - Platinum

HP - ENVY TouchSmart Sleekbook 15.6" Touch-Screen Laptop - 8GB Memory - 750GB Hard Drive - Modern Silver

susane said...

Thank you very much for all your suggestions on this website. Your shares are very interesting and very rewarding. Congratulations.

voyance gratuite par telephone

voyance gratuite en ligne par mail said...

Thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic. If possible, as you gain expertise, would you mind updating your blog with more information? It is extremely helpful for me.