Facing the Future Together, with Tandem ECM
360ECM and TandemBox set to Invade the ECM Marketplace.
How Tandem Technologies will Dominate the ECM Marketplace:
- The ECM market continues to be highly lucrative not just from direct sales and maintenance of ECM suites,but also for the extensive amount of add on components each sale brings along in terms of additional software, hardware, storage and professional services. ECM solutions form the essential information flow backbone of most enterprises and vendors that successfully place their solutions with a customer invariably find tremendous add on sale opportunities. Tandem Technologies products are specifically designed to address this growth potential with a strong history in consulting and support for ECM adoption and new innovative add ons specific to different market segments.
- The proliferation of mobile devices in the enterprise along with emergence of the remote workforce has challenged ECM vendors to be able to provide a consistent user experience irrespective of the device being used. Most ECM vendors offer mobile apps that deliver basic functionality, including: searching and accessing documents, initiation of workflows, and content collaboration. We are uniquely placed in the market to address the productive use of mobile devices and remote workstations. This, in short, is our wheelhouse.
- The growing use of corporate social platforms has also had an impact on ECM functionality. All ECM vendors have recognized the need to integrate more social functionality, such as activity news streams and social feedback systems, into their ECM platforms, as well as better integration with popular social networks. Most vendors in the ECM market have continued to build out their cloud based offerings. Not only have we continued to develop cloud based ECM offerings but we have fully integrated into social media and the mobile environment giving us a current market advantage.
- Demand for these SaaS services is steadily growing among customers and we expect this trend to continue in the near future. All ECM vendors are expanding on their cloud strategy, either by offering private cloud options, managed services or a combination of on premises and cloud services. While multi tenant offerings are still rare (with the exception of Microsoft SharePoint Online), nearly all vendors are considering some sort multi-tenant offering for the future. Our 360ECM is one of the most powerful and complete products in the SAAS market as it currently stands.
- While there is strong growth in the ECM market, there is also a great deal of replacement activity. As the market has matured, many customers with older deployments are re-examining their strategies in light of cloud and mobile workforce mandates and are looking around for new ECM platforms on which to build their information management strategies. This is the door which Tandem Technologies expects to walk through in a strong and definitive way with two stellar products namely 360ECM and TandemBox combined with our low cost of deployment.
- The North American ECM market will grow from $5.5 billion in 2014 to over $9.4 billion in 2018, this is an average annual growth of 15% over four years. 60% of this growth will occur over the next two years based on technological innovation and market penetration. It is the goal of Tandem Technologies to use our understanding of the market to acquire a .05% of this market over the next two years and double that in the following two.