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October 28, 2010

Nuxeo Achieves Record 3Q Due to Rise in Public Sector's Adoption of Open Source

Nuxeo, the Open Source (News - Alert) Enterprise Content Management (ECM) company, achieved record quarterly revenue results in 3Q 2010 due to the large wins in public sector and financial services in Europe and North America.

Among the significant new customer wins is the Solon 2 project -- an initiative with the Directorate of Legal and Administrative Information of the government of France to consolidate the management of laws and regulations and unify the legal publishing processes. Powered by Nuxeo Case Management Framework (Nuxeo CMF), the advanced case management routing and document review application will handle up to 500,000 cases per year.

Security and management of sensitive data was central to the selection of Nuxeo EP for case management with the Ministry of Justice. The "Messenger Project" in France sought to streamline the management of issues and correspondence across ministries, and ensure research and response times, all while diligently managing privacy issues.

Full transparency into tasks and work performed by authorized Ministerial staff, inside the parameters of a granular access control model for electronic content, as well as flexible workflow and managed audit trails were requirements met by the Nuxeo platform.

VP and distinguished analyst of Gartner (News - Alert), Andrea di Maio said, “Open source has certainly gained its place in the portfolio of solutions that most government agencies utilize. Government CIOs should consider program areas where joint development with peer agencies would be possible.”

Recently, Nuxeo was in news when the company raised venture capital of $3.3 million from lead investor OTC Asset Management. Nuxeo first rose $2.6 million in Series A funding in December 2008 from OTC Asset Management, led each time by board member Patrick de Roquemaurel. With this tranche, Nuxeo announced a total Series A venture capital investment of $5.9 million to date.

Sujata Garud is a TMCnet freelancer with three years of writing/editing experience and two years of market research experience. As an editor she has covered the IT, electronics, banking, pharma, construction, mining and healthcare industries. To see more of her articles, please visit her columnist page.

Edited by Stefanie Mosca

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