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PleaseTech reveals record year and looks forward to 2008
- Greater than 400% year-on-year revenue growth propelled by new corporate clients -
Chepstow, UK – January 2nd, 2008 - PleaseTech Ltd, a software company specializing in collaborative document and content review, has announced a record year for revenue growth in 2007.
PleaseTech Ltd, a UK registered privately held company, saw its year-on-year revenue jump by over 400%. This represented over 20 new corporate clients from the Life Sciences, Legal, Defense, IT and Financial Services industries. PleaseTech also revealed that a substantial number of its existing clients purchased additional licenses to roll out PleaseReview.
In addition to direct sales, PleaseTech establish several quality partnerships to advance its market reach through resellers and enterprise integration. Strategic agreements were established with leading document management system vendors MasterControl, Inc and Open Text Corporation, Inc. as well as leading system integrators US Data Management, Wynden Systems and Focused Consulting. PleaseTech also entered into an OEM agreement with Peerview, Inc.
David Cornwell, PleaseTech’s CEO, said, “In 2008 we are aiming for ‘more of the same’. We intend to continue the growth curve and make PleaseReview the de facto way to review documents.”
He also revealed some product plans, “From a product perspective, we expect to release PleaseReview v3.5 in the February timescale, and then PleaseReview v4.0 towards the end of the year. This will ensure that PleaseReview continues to make the corporate document review process more efficient by saving considerable time for all involved and by reducing the number of review cycles required.” David continued, "We will also finalize and release our revolutionary PleaseApprove email collaboration product. This will bring true collaboration to the review and approval of email messages.”
PleaseTech also announced that it was were withdrawing the PleaseReview subscription service. David Cornwell explained, “Unfortunately the PleaseReview Subscription Service is just not paying its bills. So, while the subscription service will be maintained for existing clients, we will not accept subscription renewals or new subscriptions.” David continued, “This will allow us to concentrate on our corporate offerings which include a hosted, SaaS offering.”
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