Hummingbird's ECM Software Market Share Maintains Steady Growth According to Independent Research Firm
5 Jul 2006
Toronto - Hummingbird Ltd. (NASDAQ: HUMC, TSX: HUM), a leading global provider of integrated enterprise content management (ECM) and network connectivity solutions today announced that a new Gartner report entitled: Market Share: Enterprise Content Management Software, Worldwide, 2003-2005[1], ranks the company in the top five in market share based on content management total software revenue in 2005, among more than 60 vendors that Gartner tracks in the ECM market.Additionally, according to the report, Hummingbird has demonstrated one of the highest content management software revenue growth rates among the leading vendors at 20.4 percent and nearly double the rate of the overall content management software market.
Gartner defines total software revenue as revenue generated from new license, updates, upgrades, subscriptions and hosting, technical support and maintenance.
The new report identifies a trend that began in 2002 toward greater acceptance of an ECM suite in the content and document management market and states many ECM vendors provide vertical-industry-specific and line-of-business-focused solutions. According to Gartner, "The ability to demonstrate vertical industry expertise helps strengthen a vendor's value proposition when seeking new penetration into those verticals."
In addition, the report finds, "Delivering ECM aligned to line-of-business and vertically specialized processes increases the overall value of the ECM software and its ability to support business processes and better align content to process requirements."
"Our vertical and horizontal solutions built on our leading ECM platform differentiates Hummingbird from our peer group of competitors," said Barry Litwin, President and Chief Executive Officer, Hummingbird Ltd. "We see Gartner's report as additional confirmation of the value we bring to our customers with our content centric vertical and horizontal applications."
Hummingbird has also been analyzed in several recent Gartner reports. Gartner positioned Hummingbird in the Leaders Quadrant in the Magic Quadrant* for Enterprise Content Management, 2005[2], and Hummingbird received a "Strong Positive" rating in the Gartner Market Scope** for Records Management, 2005[3] report, the highest possible rating. Hummingbird also received a "Positive" rating in the Gartner Market Scope for Web Content Management, 2005,[4] for its RedDot CMS and LiveServer Web Content Management and Content Delivery Solution.
To access the Gartner Dataquest report, please visit www.gartner.com
*The Magic Quadrant is copyrighted 2005 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
**The MarketScope is copyrighted 2005, by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Hummingbird Enterprise
Hummingbird Enterprise provides an integrated platform for enterprise content management that provides global organizations with solutions to manage business interaction information such as documents, records, virtual deal room exchanges, discussions, e-mail or financial data - linking business processes, information and people. Hummingbird solutions are designed as modular applications that are fully interoperable with each other, enabling customers to incrementally build an enterprise content management solution to meet their evolving information needs in a cost effective manner.
Founded in 1984, Hummingbird employs over 1,400 people and serves more than 33,000 customers, including 90% of Fortune 100. Hummingbird solutions are sold directly from 40 offices worldwide and through an Alliance Network of partners and resellers. For more information, visit http://www.hummingbird.com.
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