Home Open-Source Success: Alfresco Software Reports Record Revenues

Open-Source Success: Alfresco Software Reports Record Revenues

Alfresco Software reported record revenues today, providing a signal that open-source technologies are a top choice for the enterprise as the economy moves out of the recession and cloud computing becomes more prevalent.

Alfresco reported both record fourth quarter earnings and record revenues for 2009. Growth is up 61% compared to last year. We look at these results with a grain of salt but in Alfresco’s case it increased its staff 29 percent and also added 300 customer, including companies such as Cisco, Merck and the U.S Department of Housing and Urban Development.

In an interview today, Alfresco’s Ian Howell said the growth is coming from companies making the switch from document management platforms. Most of these document management companies have been acquired. And since most of those acquisitions, the market has changed. Open-source content management systems and Sharepoint have disrupted the market, providing a web oriented alternative to document-based, enterprise applications.

The customer is also adapting to an open-source culture. Before, a customer would ask: Do i get source code? Do you support it or do I have to go the forums? Do you scale in an enterprise?

Now, customers ask; How do I roll out? Do you offer 24/7 customer support?

The infrastructure is there. The ISV market and partner networks for open-source companies is growing as are content applications for open-source enterprise technologies. Service organizations are a core part of the open-source ecosytsem.

Further, how can proprietary technology have any role in a cloud environment? It’s the economics that drive open-source adoption in the cloud. That factor alone is drawing the enterprise to open-source.

And that means a bright future for open-source enterprise technologies from companies like Alfresco.

About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the tech industry for major developments, new product launches, AI breakthroughs, video game releases and other newsworthy events. Editors assign relevant stories to staff writers or freelance contributors with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Get the biggest tech headlines of the day delivered to your inbox

    By signing up, you agree to our Terms and Privacy Policy. Unsubscribe anytime.

    Tech News

    Explore the latest in tech with our Tech News. We cut through the noise for concise, relevant updates, keeping you informed about the rapidly evolving tech landscape with curated content that separates signal from noise.

    In-Depth Tech Stories

    Explore tech impact in In-Depth Stories. Narrative data journalism offers comprehensive analyses, revealing stories behind data. Understand industry trends for a deeper perspective on tech's intricate relationships with society.

    Expert Reviews

    Empower decisions with Expert Reviews, merging industry expertise and insightful analysis. Delve into tech intricacies, get the best deals, and stay ahead with our trustworthy guide to navigating the ever-changing tech market.