OfficeDrop Announces 9x Year-Over-Year Revenue Growth
CAMBRIDGE, MA, Nov 03, 2011 (MARKETWIRE via COMTEX) --
This ain't your momma's momentum release. OfficeDrop's been growing
like gangbusters since the switch from a mail-in scanning service to
a scan-your-own-way-to-the-cloud app powerhouse last year. We're
talking 50 percent month-over-month user growth for the past quarter!
Not to mention being on track for 9x revenue growth in 2011 vs 2010.
"But, how'd they do it," you ask?
Let's kick it back to the beginning. It all started with this thing
called the interwebz. And it was good. Field of Dreams style they
built it and people came. Our CEO Prasad Thammineni said, "Why don't
small businesses store, search, and share their paper documents on
this interwebz? In the cloud. Dig it!"
[Just kidding.] Here's the real deal:
A Major Shift in Strategy
OfficeDrop used to be a mail-in scanning
service. Mail us your paper and we'll scan it for you. Then the
definition of a small business "office" changed altogether. With
smartphones and tablets, the office became omnipresent. Like "Friday,
Friday" was earlier this year (shout out to our co-founder, Anand
Rajaram, who loves Rebecca Black a little too much).
OfficeDrop quickly adapted to the way people were working by building
scanner apps for iPad, Android phones and iPhones this year. We
redefined the industry by letting people have a scanner in their
pocket, everywhere they go.
But we didn't hate on the office scanner. ScanDrop, our desktop
scanner app for Windows and Mac, has been connecting customers to our
digital filing cabinet, OfficeDrop Online and other popular cloud
services they access most, like Gmail, Google Docs, Evernote and
Dropbox. Also we provide document management for the popular
FreshBooks invoicing software. It's super easy. That's how we roll.
Here's how our growth stacks up for those of you "numbers people" out
-- In 2011, we've added 50,000 new customers to our digital filing
-- Plus, 40,000 new installs of our ScanDrop desktop scanning app
-- Mobile apps account for 90 percent of our daily new users (wowza!)
Cracking the Small Business Market
"We found that small businesses
tend to purchase from companies they trust most," said our
super-smart aforementioned CEO, Thammineni. "Not just the
Staples-type stores, but also companies like Nuance, whose PaperPort
offering is shipped along with millions of scanners throughout the
world. So we started partnering up with these trusted companies to
bring their software to the cloud, and co-branding our offerings with
Work with awesome companies that small businesses trust, but need to
move to the cloud. That's been our strategy this year in a nutshell.
[Strategy: "Help, get me out of this nutshell!" Ugh, sorry. That
Austin Powers reference was pretty dated. We need to get out more.]
But seriously. Our partners find that we're able to scale really
quickly to meet the scanning, search, sharing and storage demands of
millions of users, and bring traditionally very "offline" types of
software to the cloud. In English -- we can do this stuff really fast
and really well.
So, that's our story. We're sticking to it. Here's to another killer
OfficeDrop makes it easy for small businesses to
scan paper to the cloud and access documents from anywhere, at any
time, from any device. OfficeDrop's cloud filing cabinet lets users
sort, search and share documents- giving paper new life and making
documents collaborative. Headquartered in Cambridge, MA, OfficeDrop
was founded in 2007. For more information, visit www.officedrop.com.
Erica Orthmann or Kevin Leahy for OfficeDrop
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