GlobalWise Investments and its wholly owned subsidiary Intellinetics, a leading-edge technology company focused on the design, implementation, and management of cloud-based Enterprise Content Management ("ECM") systems in both the public and private sectors, yesterday after the closing bell released an update to shareholders as well announced promising global expansion into Latin America.
GlobalWise is a cutting-edge technology company determined to capitalize on the rapidly growing Enterprise Content Management (ECM) industry, predicted by Gartner to expand beyond $5.7 billion by 2014 with a compound annual growth rate of 10.1%. Intellinetics is incredibly well positioned to be a leader in the underserved small-to-mid sized business marketplace with its cloud-based Intellivue™ ECM product line and distinctive Channel/OEM distribution model.
Intellinetics' flagship platform, Interllivue™, offers massive cost reductions to any size organization in nearly every industry by providing instant access to all of their corporate information securely at their desktop, or even their mobile devices, using the Internet. Through the utilization of this flexibility and freedom, Intellivue™ has experienced great success in the target markets listed below by building "on-demand" process solution templates that are pre-configured with 90% "best-practice" for immediate economic and improved operational impact by enabling "quicker-time-to-value" and increased client adoption.
• Accounts Payable
• Automotive Dealership
• Education K-12
• Financial Services
• Higher Education
• Human Resources
• Law Enforcement Corrections
• Manufacturing Distribution
• Public Sector
• Special Education
The implementation of these solution templates has allowed the Intellinetics platform to define a new industry standard and innovative approach through the combination of advanced virtualization and automated content management with an open and service oriented architecture using Web services. Intellinetics offers strategies, technologies, and tactics for paper and digital asset management, from capture to long-term archive. All of these services are provided without the need for manual processes conducted by a full-time employee. In short, the company offers process efficiencies on their Intellivue™ ECM platform versus selling features and functions of ECM technologies.
The potential expansion of cloud computing is evidenced by IBM Market Insights' prediction that the adoption of cloud computing will grow by 26% CAGR between 2010 and 2013.
About Intellinetics' Channel Partners
The addition of each successful channel partner increases revenue for Intellinetics without a significant addition to the company's fixed expenses. Revenue from each successful partner will vary between $50,000 and $900,000 annually, but the average channel partner is expected to increase annual revenue by $150,000 to $200,000.
GlobalWise added 14 strategic channel partner agreements throughout 2011 and believes the growth of its reseller program will accelerate significantly in 2012. The implementation of a channel sales model with strategic partners currently selling software into their own proven and trusted client base allows the company to quickly access a considerably larger and reliable client base. The company anticipates that the success of the channel partner system will drive triple-digit growth for the next several years.
The company signed its first global expansion partner, SOIN Integrales, headquartered in Costa Rica, on April 25, 2012, making Intellinetics their only exclusive ECM offering to Latin America. SOIN is a 20+year integrator that focuses on reselling SAP, Oracle, and Sybase ERP systems in the public and private sectors. The initial Intellivue™ solution and product launch will start in Mexico, Costa Rica, Panama, El Salvador, and Nicaragua.
In addition to the first step in GlobalWise's global expansion, the company has also signed multiple agreements over the past several months, including:
March 6, 2012 - GlobalWise Announces Channel Sales Partnership With Primary Solutions
Primary Solutions (primarysolutions.net) offers software products and services for private and governmental markets within the developmentally disabled community in Ohio. Founded in 1998, Primary Solutions provides its software products to over 330 private agencies and governmental entities.
March 27, 2012 - GlobalWise Announces Channel Sales Partnership With B2B Computer Products
B2B Computer Products, LLC (b2bcomp.com) is a national business-to-business value-added reseller and service provider of computer hardware and software with over 35 distribution centers throughout the US. The partnership with Intellinetics adds the cloud-based Intellivue™ ECM software to B2B's impressive array of service offerings and allows B2B to better serve its roster of over 24,000 clients. The company is consistently named as one of the fastest-growing private companies in the U.S. by Inc. magazine. B2B Computer grew 534.2% from 2005 to 2010.
April 3, 2012 - GlobalWise Announces Channel Sales Partnership With ImageSoft
ImageSoft (imagesoftinc.com) provides innovative content management solutions that enable organizations to operate more efficiently and effectively. ImageSoft has ECM clients within the United States, Canada, and Mexico. Since 2000 ImageSoft has been a Platinum partner of one of Gartner Magic Quadrant's top ECM companies, and has been named one of Inc. magazine's fastest growing private companies for the last four years and was named one of the top 50 small and mid-sized organizations to work for in 2011.
April 10, 2012 - GlobalWise Joins the Center for Digital Education to Expand K-12 Educational Services
GlobalWise announced membership with the Center for Digital Education (centerdigitaled.com) to expand scope of service offerings with kindergarten through 12th (K-12) grade educational solutions. The Center for Digital Education (NYSE:CDE) is a national research and advisory institute specializing in K-12 and higher education technology trends, policy, and funding. Along with its research services, CDE issues white papers and conducts the annual Digital School Districts and Digital Community Colleges surveys and award programs as well as hosting events across the K-12 and higher education arena.
April 17, 2012 - GlobalWise Announces Channel Sales Partnership With FormFast, New Agreement Extends Company's Product Scope Into Healthcare Organizations
Since 1992, FormFast (formfast.com) has been the recognized leader in e-forms software that has enabled healthcare organizations to achieve significant process improvement across the enterprise. With custom workflow solutions ranging from HR, contract management, risk management, and compliance, FormFast is the top-ranked workflow provider for over 950 high performance hospitals in achieving their goal of being paperless.
FormFast alone represents up to $51 million in potential sales for GWIV. While 100% market penetration into Form Fast's client base is not expected, this will likely be one of GlobalWise's key revenue drivers moving forward.
May 2, 2012 - GlobalWise Announces Channel Sales Partnership With the eVero Corporation, Partnership Expands GlobalWise Sales Opportunities Within the Health and Human Services Industries
The eVero Corporation (evero.com) has been an information technology (NYSE:IT) solutions provider exclusively to the Health and Human Services marketplace for over a decade. Their clients include government agencies, health care institutions, medical billing companies, and large health service organizations that focus on developmentally disabled patients. The eVero objective is to provide their clients with the ability to obtain the same level of technology solutions that Fortune 500 companies receive, but at a fraction of the cost.
In addition to Intellinetics, eVero partners are global companies that support the execution of eVero's Information Technology as a Service. They are considered "Best Of Breed" in their various industries.
GlobalWise anticipates acquiring many more domestic and international channel partners throughout 2012 as it continues to position itself as a leader in the industry. The company anticipates substantial and steady revenue growth each year for the foreseeable future with its veteran management team capitalizing on the remarkable opportunities in the marketplace and continuing to partner with some of the largest and most successful companies in the industry.
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