FileNet retains worldwide content management leadership according to recent IDC report

IDC, a leading global market intelligence and advisory firm to the IT and telecom industries recently released its 'Market Analysis of Worldwide Content Management 2004-2008 Forecast Update and 2003 Vendor Shares'.

According to the report, FileNet is "the CM leader with US$ 251.2 million in license and maintenance revenue in 2003," attributing the company's success to its new content management capabilities and an innovative go-to-market strategy.

According to IDC, the content management market around the world increased from US$ 2.6 billion in 2002 to an estimated US$ 2.93 billion in 2003.

Content management software builds and organizes the management and storage of collections of digital work in any format. Software that comprises this market includes electronic content management, electronic records management, imaging management, archiving, document management and Web content management.

"For the second year in a row, FileNet has retained the revenue leadership position in the content management market" Said Joshua Duhl, Director of Research for IDC's Content Management and Retrieval Solutions service. "IDC believes that FileNet is well-positioned to deepen its penetration into new vertical markets and to sell new products into existing accounts."

"We are pleased that IDC, and the market, continue to recognise FileNet's maintained leadership in the content management market," said Carlo Stellati, vice president, South Europe, Middle East and Africa.

"Today's forward-thinking organizations are using FileNet P8 to gain a competitive advantage by linking disparate sources of information with mission-critical business processes. By adopting this advanced platform, companies can improve day-to-day decision-making, and use business intelligence to enhance their competitive position. Progressive organisations in the Middle East that utilise FileNet P8 will find this solution effective in increasing both the efficiency and the productivity," he added.

"The system supports an extensive range of processes and related business content that aids decision-making at all levels in an organization. FileNet P8's integrated framework is unified, easy of use and lowers the total costs of ownership. Its architecture can quickly and easily develop customized ECM solutions." added Stellati.

FileNet P8 3.0 is the only ECM platform designed to let customers use Business Process capabilities throughout the entire breadth of product functionality - Content Management, Image Management, Team Collaboration, Forms Management, Records Management and Web Content Management - for improved business process control, consistency and efficiencies across the entire enterprise.