Prosperoware Strengths, Domain Expertise, and Key Differentiators
Prosperoware is a software enterprise company for a digitized legal industry. Their competency level is understanding the enterprise systems, the data and processes in legal, and building technology that drives transformative change. Prosperoware develops software for cybersecurity, privacy, and regulatory compliance for content systems, and financial matter management.
Prosperoware Recent Developments
In January 2021, Prosperoware Announces Data Protection as a Service Features for OneDrive, SharePoint Online, Teams, and Support Azure for Storage.
In August 2019 Prosperoware presented the availability of Prosperoware Cloud Migrator, iManage Edition for efficiently migrating content from on-premises legal content systems such as iManage, eDocs, Sharepoint file shares plus others to iManage Cloud. With a unique approach for moving content and a super-easy to use interface, Cloud Migrator provides the much-needed tool in the legal industry for either small or large migration projects with reduced effort. With these built-in capabilities, Cloud Migrator provides the prime solution to some of the typical industry’s concerns and challenges of moving content.
In June 2019, Prosperoware presented the availability of its fourth generation client value management platform – Umbria. This version release, now available in the cloud, provides unprecedented flexibility to plan, monitor, manage, alert, and report on matters. Umbria’s planning functionality has been redesigned to support both legal project management (LPM) and pricing functions. With this latest release, Umbria is available either on-premises or in the cloud. With these enhancements, Umbria can now be deployed in just a few days, out of the box. This new pricing and deployment model substantially lowers the initial investment in the platform, allowing firms to quickly assess its value to the firm and its clients.
In May 2018, Prosperoware introduced the availability of the next-generation platform, CAM, for managing all cloud content systems. The first two modules of the CAM platform include CAM Provisioning and CAM ContentMirror for iManage, NetDocuments, Microsoft Office 365 Groups, and Kira Systems. Increasingly, firms and legal departments are leveraging the benefits of moving to cloud (hosted) solutions for various aspects of their operations. Further, IT teams that have relied on SQL to manage, integrate and report on-premises systems lose that in the cloud. These large challenges are solved with the introduction of the next generation CAM platform. CAM is a SaaS offering built on Amazon’s AWS platform, the leading platform with the highest security certification required for SaaS applications in today’s market. CAM will enable complete matter lifecycle management of content in the cloud, from initial provisioning through ultimate disposition, plus security, cost allocation, DR, and business continuity. Today, CAM modules CAM Provisioning and CAM ContentMirror vastly improve how law firms can manage critical client content.
Prosperoware Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Prosperoware 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 Prosperoware 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 CAM, Umbria, Milan customers.
Ownership: - x
Number of Employees: 124
Prosperoware Key Enterprise and Cloud Applications
CAM, Umbria, Milan
Prosperoware Revenues, $M:
|Type/Year||2019||2020||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.
Prosperoware 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%|
Prosperoware Enterprise Applications Revenues By Functional Markets, $M:
Prosperoware Enterprise Applications Revenues By Verticals, $M:
Prosperoware Revenues By Region, $M
|Region||% of Total Revenues||2020 Total Revenues, $M||2020 Enterprise Applications Revenues, $M||2020 Cloud Applications Revenues, $M|
Prosperoware Direct vs Indirect sales
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Prosperoware Customers - Breakdown by Geo, Size, Vertical and Product
No. of Prosperoware Customers: 312
No. of Prosperoware Enterprise Applications Customers: 312
No. of Prosperoware Cloud Customers: x
No. of Prosperoware Cloud Subscribers: 300000
In April 2018 Prosperoware has grown corporate legal customers to more than 30 legal departments. Legal departments, under tremendous budgetary pressure, have a business mandate to drive client value. The key to optimizing legal service delivery is operationalizing matter management processes to monitor and measure performance. Prosperoware helps law departments solve this process gap around their DMS investment with technology that enables complete matter lifecycle management.
Prosperoware Market Opportunities, M&A and Geo Expansions
In July 2018 Prosperoware secured a new round of capital. The financing was led by Rittenhouse Ventures, an emerging growth venture fund that invests in innovative business-to-business software companies in the Mid-Atlantic region. The capital raised will be used to expand Prosperoware’s product applications, marketing and sales activities, and geographic footprint.
Prosperoware Risks and Challenges
Cybersecurity and protection of privileged client data are paramount concerns today in the legal industry.
Prosperoware Ecosystem, Partners, Resellers and SI
In April 2021, Prosperoware forms a new partnership with Beveric. This will open the door for Prosperoware to conquer new markets.
Prosperoware has two different types of partners, integration partners and technology partners. Among Prosperoware integration partners are Adaptive Solutions, Ascertus, Docwise, Duff&Phelps, Element, eSentio Technologies, HBR Consulting, Innovative Computing Systems, Kraft Kennedy, Mattricity, Micro Strategies, and others. Among their technology partners are Microsoft, NetDocuments, iManage, Kira, HighQ, and Workshare.
Prosperoware Cloud Infrastructure Insights
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- Prosperoware Public Cloud and Infrastructure (IaaS)
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- Prosperoware 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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