Y Soft Demonstrates Strong Fiscal Year Growth in 2017
Highlights Include increased Global Fortune 500 customers, Financial Growth in the Americas and APAC and a Boost in Overall Capabilities
Y Soft® Corporation, a leading enterprise office solution provider, today released an update to its fiscal year statistics demonstrating strong growth and setting the stage for continued innovation in enterprise workflow solutions.
Highlights from the summary issued by Y Soft include:
- An increase in customers from 14,000 to more than 15,000 demonstrating strong enterprise demand for the YSoft SafeQ® workflow solutions platform. The numbers also indicate an increase in the number of Global Fortune 500 customers who use YSoft SafeQ – 31 percent in 2017 compared to 23 percent reported in 2016.
- Significant changes in regional revenue indicate that the North America/Latin America (NALA) and Asia Pacific (APAC) regions grew the largest in the fiscal year now representing 14 percent and 12 percent of the company’s revenue respectively. The percentage of customers for NALA increased from 4 percent in FY2016 to 10% in FY2017.
- Introduced in October 2016, Y Soft’s Global Operational Excellence (GOE) Framework®, a proven set of processes and tools that simplifies the smooth deployment of YSoft SafeQ for global customers demonstrated Y Soft’s ability to manage large, global installations faster and saved, on average, 27 percent of time in the total sales cycle from first customer contact to installation. The average number of devices in installations using the Framework was 350.
With the opening of an additional R&D office, establishing a new sales/support office and a new channel partner in China and expanding its testing and manufacturing facility to a stand-alone, larger building, Y Soft boosted its capabilities and continues to innovate to meet customer demand.
“Integrated enterprise workflow solutions are at an inflection point as organizations look at digital transformation, security of IoT-based printers and flexible, low-cost IT infrastructures,” said Václav Muchna, CEO and co-founder, Y Soft Corp. “With our platform solution approach, strength in hardware development, a SaaS business model and our deep roots in IT deployments, our ability to meet and exceed customer and partner needs are greater than ever.”
“Security, IoT and “as-a-service” models are changing the value proposition in today’s digital workplace. Solutions providers that are adapting their solutions and products to address the technology needs of today’s more demanding customers will be best positioned for success in the rapidly changing IT landscape,” noted Louella Fernandes, Principal Analyst, Quocirca.