NetDocuments, the leading native cloud/SaaS-based document and email management service for law firms and corporate legal departments, today announced the strongest quarter of growth to date, adding over 130 new customers in the fourth quarter of 2015.
New customers added include Am Law 100 firms Arnold & Porter, Crowell & Moring, and Finnegan Henderson; top five European firm Cuatrecasas, UK 100 firm Sackers; Am Law 200 firm Thompson Hine; and other leading US-based firms Munsch Hardt, Reminger, and Miller Nash Graham & Dunn. These firms are all replacing their on-premises and hosted versions of on-premises systems with NetDocuments’ native cloud-based document and email management solution.
The unprecedented fourth quarter growth marked a banner 2015 for the company and a 250% increase in new customers over the previous year. The widespread adoption of NetDocuments’ cloud-based platform reflects a trend poised to accelerate significantly in 2016. “In the US market, NetDocuments is entering the ‘early majority’ phase of product adoption as leading firms and legal departments increasingly embrace the next DMS transition,” stated Matt Duncan, NetDocuments CEO.
To further state the case for cloud acceptance, according to the 2015 ILTA Technology Survey, 51% of law firm respondents predicted an increase in their firm’s adoption of cloud-based solutions.
“End users today have increasingly lower tolerance for technology that is not modern, intuitive, and inherently mobile, while at the same time, law firm clients are demanding increasingly higher levels of security and compliance. As law firms execute on cloud strategies to enhance the end-user experience and take security and compliance to the next level, NetDocuments has become a natural choice,” concluded Duncan. Alvin Tedjamulia, CTO at NetDocuments commented: “In all respects, 2015 was a breakthrough year for NetDocuments in terms of adoption and innovation around the security and infrastructure of our native cloud technology. We announced architectural and product breakthroughs, including customer-controlled encryption keys and private storage options which are solving the critical customer and client-driven demands for enhanced security while improving ease of use and product innovation.”
Accordingly, the biggest law firm security challenges cited in the 2015 ILTA Technology Survey included ‘balancing security with usability’ (31%) and ‘user acceptance and behavior’ (24%) versus ‘cloud apps/data security’ (4%) which ranked much lower compared to previous surveys and market feedback.
In addition to meeting overall increased law firm and corporate legal customer demand for native document and email management cloud technologies, NetDocuments made significant technology and strategic partnership advancements in 2015. Highlights include:
Heading into 2016, NetDocuments will continue to expand its market leading position in the areas of native cloud security, information governance and compliance; work with customers and the legal community at large to increase native cloud education and cloud DMS user adoption; and continue to support and champion its community of channel and technology partners. In Q1, NetDocuments will announce the release of NetDocuments version 16.1, ndSync™ for Dropbox-like device syncing, and NetDocuments OneDesk™ for improved third-party desktop application integration.
For more information on NetDocuments, please visit www.netdocuments.com.
Founded in 1999, NetDocuments’ cloud-based service allows firms of all sizes to reduce costs and increase security, mobility, compliance, and disaster recovery for documents and email from anywhere and on any device. With offices and datacenters in the US, Australia, and the UK, and with over 2,000+ customers and hundreds of thousands of users, NetDocuments is able to effectively service its global community spread across 140 countries. With anytime, anywhere access, firms are able to increase productivity and improve the client experience through a comprehensive cloud-based service.
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