M-Files Corp. says the latest release of its enterprise content management system, including the software's new search capabilities and other enhancements, expands service opportunities for its 550-plus channel partners.
And M-Files is developing packaged applications that run with its core ECM software, such as the recently introduced contract lifecycle management app, with more to follow in 2017, that also will create opportunities for partners.
"There's really a lot of ways to create services-focused revenue, along with the software revenue," said Scott Erickson, channel sales vice president at the Dallas-based company, in an interview with CRN.
M-Files competes in the ECM - or document management - software arena against such companies as IBM, OpenText (which is acquiring Dell-EMC's Documentum), Hyland and Oracle.
M-Files offers its ECM system for on-premises, cloud or hybrid deployments. The company recently began shipping M-Files 2015.3 with the ability to conduct searches for content across multiple M-Files vaults, as well as new "search facets" tools for easier refinement of searches.
The new release also offers usability improvements, metadata card configurability enhancements, and the ability to add hand-written signatures to PDF documents from the M-Files mobile app for iOS and Android devices.
"We're really trying to change the landscape in terms of how companies use enterprise content management," Erickson said.
Gartner tagged M-Files as a "visionary" in an ECM magic quadrant report this year and it raised $36 million in Series B financing earlier in 2016. The company has been growing at a 50 percent annual rate and Erickson said the channel, which accounts for about half of the company's sales and about two-thirds of all sales deals, is a big part of its growth.
The company's partner roster includes traditional IT VARs and resellers that specialize in ECM, application resellers with expertise in such areas as CRM, managed service providers, systems integrators, and office equipment dealers that provide document management solutions.