Alfresco has reported very solid growth for 2010 following the close of their fiscal year. Having added over 470 new customers in the past year, bringing their current client base to over 1700 customers worldwide.
Seventy percent of clients are enterprise companies with over 10,000 employees – while 25 percent of its base draws from government, followed by finance and media. Key clients gained in 2010 include: Home Depot, Endo Pharmaceuticals, Michelin and The National Health Service. Cumulatively, Alfresco has now sold just under $100M since its founding in 2005, saving customers between $750M – $1B in software licensing costs as they migrate from costly proprietary ECM vendors. In the fourth quarter alone, Alfresco grew 40 percent over the same quarter last year with overall annual growth over one-third.
“Coming off our most successful fiscal year to date, we have invested heavily in expanding Alfresco’s global reach and service capability, while continuing to improve the most innovative ECM platform on the market. To achieve this we have focused on key global growth areas and extending our partner network to service these markets,” said John Powell, CEO of Alfresco. “We have used the open source model to propel our company and bring cost-effective software solutions to global enterprises. Now, with our investment in social content management, we are focused on optimizing and unlocking the power of content within organizations and from their most valued customers.”