ITESOFT Strengths, Domain Expertise, and Key Differentiators
ITESOFT offer business process digitalisation and automation solutions, processing over 1 billion documents per year for more than 650 customers around the globe. ITESOFT is a French software company that develops applications to automate business processes through automated document reading and automated document recognition solutions.
ITESOFT Recent Developments
Nearly all ITESOFT’s clients have signed contract agreements and renew them regularly, with a renewal rate of approximately 93%.
ITESOFT Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying ITESOFT applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of ITESOFT and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified x customers.
Ownership: - ITE (EPA)
Number of Employees: 193
Key Verticals: Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Life Sciences, Media, Oil and Gas, Chemicals, Professional Services, Transportation, Utilities,
ITESOFT Key Enterprise and Cloud Applications
ITESOFT Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
ITESOFT Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
ITESOFT Enterprise Applications Revenues By Functional Markets, $M:
ITESOFT Enterprise Applications Revenues By Verticals, $M:
ITESOFT Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
ITESOFT Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
ITESOFT Customers - Breakdown by Geo, Size, Vertical and Product
No. of ITESOFT Customers: 650+
No. of ITESOFT Enterprise Applications Customers: 650+
No. of ITESOFT Cloud Customers: x
No. of ITESOFT Cloud Subscribers: x
ITESOFT has more than 650 customers in 30 countries worldwide. Among its customers are LIDL, Canal & River Trust, Oxford Health NHS, Mitsubishi Electric, Colas, DX Network, Crest Nicholson, Network Rail, Autoglass and many others.
ITESOFT Market Opportunities, M&A and Geo Expansions
ITESOFT has developed SCPA (Secure Capture and Process Automation) Digital Business Platform that is based on three pillars: (1) Omnichannel Capture, (2) Business Process Management and (3) Document Fraud Detection.
The company uses its SCPA platform to address the supplier processes and client processes. The main product to meet the specific business needs of supplier processes is Streamline for Invoices, the company’s solution for automating accounts payable processing. About the client processes, ITESOFT’s offering in this area is represented by eContract, a 100% online contract solution. eContract is a packaged solution for managing contracts online, creating an entirely digitalized customer path. Customers can upload supporting documents to the portal directly, where they are verified automatically by fraud detection tools.
ITESOFT Risks and Challenges
Transition to a subscription model, through its Software as a Service solution is work in progress.
ITESOFT Ecosystem, Partners, Resellers and SI
ITESOFT has three offices in France (Headquarters), UK and USA.
Most of its sales is through direct channels.
ITESOFT Cloud Infrastructure Insights
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- ITESOFT Public Cloud and Infrastructure (IaaS)
- ITESOFT Platform (PaaS)
- ITESOFT Application Delivery
- ITESOFT Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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