PleaseTech Ltd reports solid growth for 2012 and announces exciting plans for
revenue growth and significant new customer wins set the scene for ambitious
Malmesbury, UK. January 17th, 2013
PleaseTech Ltd, the software solutions company specializing in collaborative
document review and authoring software, has reported yet another successful and
profitable year with the signing of 25 new corporate clients and a 32% revenue
growth over the previous year.
Growth was secured through new client acquisition and existing client revenue.
Encouragingly, one third of sales was from the growth of existing client
expenditure, as PleaseReview™ is rolled out more extensively across customer
organizations. The remaining is split between new business acquisition and
annual renewable charges such as hosting and support.
Life Sciences continues to remain the dominant sector accounting for 77% of
sales, followed by a growing Defense customer base with the remaining split
across other industry sectors. Despite efforts to develop our client base in the
UK, North America remains the largest market representing 74% of all sales.
Key achievements for 2012 include the release of PleaseReview versions 4.4 and
4.5. Delivering significant new functionality such as review delegation1 , the first phase of a redesigned
user interface and a new PDF plug-in (making Acrobat mark-up tools available for
use in a review), PleaseReview is also now available to the mobile workforce
with the release of its iPad module - further progress on ‘mobile’ capabilities
can be expected later this year. 2012 also saw the launch of our new structured
authoring and content reuse solution, PleaseCompose. PleaseCompose, initially
named PleaseAuthor but recently rebranded2
, offers a robust component-based authoring capability making it simple to
create new Microsoft® Word® documents reusing existing content.
David Cornwell, PleaseTech’s CEO, commented, “Once again, we are delighted with
these results, especially in light of the continuing challenging economic
environment. But we must now focus on what’s ahead. To meet our 2013 goals we
will continue to build on our growth and develop our customer base through the
delivery of exceptional products- we have a busy but exciting 12 months ahead of
Plans for 2013 are ambitious with the continued expansion of the PleaseTech team
and a major new release for PleaseReview (version 5.0), planned for end Q2. This
will include further significant enhancements to the user interface, document
feedback capture, offline tablet review and other important features and
functionality. In addition, we will be announcing another major new integration
partner. Our focus will remain on growing existing markets and sectors, whilst
also continuing to establish ourselves in the UK market and targeting other
Managerial delegation allows a review
participant to add further participants to a review. Simple delegation, an
additional cost option, allows a review participant to hand over their role in
the review to another user.
2 This rebranding is a result of confusion between
the name PleaseAuthor and the co-authoring capability available in PleaseReview.
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