KnowledgeTree Signs Record Volume of New Customers in December

RALEIGH, N.C., Jan. 19, 2011 /PRNewswire/ -- KnowledgeTree, a provider of cloud-based document management solutions, today announced that December was a record month for new customer wins, capping a fourth quarter in which customer acquisitions increased 215 percent over the previous quarter. New customers range from small and medium-sized businesses to departmental teams at large enterprises, and include Caldwell Securities, Cubic Motion, Fuji Chemical, Multisensor Systems, Orbitz, Sental Clinical Research Services, and Vasomedical.

The strong December concluded a successful 2010 overall for KnowledgeTree, during which the company experienced a strong uptick in sales for its SaaS-based offering, thanks largely to new product features, partnerships, and pricing models.

Delivered via both SaaS and an on-premise solution, KnowledgeTree addresses unique challenges faced by attorneys and other lines of business workers in finance, human resources, and sales and marketing who need more than just document sharing and ad hoc collaboration.

"As a publicly traded company in the medical device industry, quality assurance and regulatory compliance are absolutely critical to our business," said Richard Gordon, Manager, Regulatory and Quality Affairs, at Vasomedical, Inc., a global provider of medical devices. "KnowledgeTree will be a powerful tool to help ensure our compliance throughout the content creation workflow. The ability to share documents on-demand within departments, and externally with our partners, certainly will contribute to increased productivity and time-to-market."

"As a small law firm, we need IT solutions that are highly effective and require minimal effort, and KnowledgeTree, as a cloud-based application, provides just that," said Paul Chancellor, principal at Ocean Law Group, an IP law firm in California. "Its hierarchical storage structure is typical of that used in many types of law firms with the added bonus of data security and portability, which makes workflows, content access and sharing simple and efficient. Its integration with Microsoft Word is an important recent update; it means we can seamlessly review, co-author and share documents from either the Web or our desktop software."

In the fourth quarter KnowledgeTree introduced several significant product features that have helped drive not just new growth, but also organic growth and engagement from existing customers. These features include:

• Offline, local backup for all KnowledgeTree-hosted documents, providing extra peace of mind
• Integration with Microsoft Office powers content co-authoring and social collaboration, and enables users to search, access, and work with their hosted content directly from their desktop Word®, Excel® and PowerPoint® applications
• The ability to add unlimited users and share content on-demand, as needed

"Small and mid-sized companies face a host of challenges as they grow. We are here to make sure that effective document management isn't one of them," said Daniel Chalef, KnowledgeTree CEO. "KnowledgeTree is tailored to the unique needs of SMBs and departmental teams underserved by today's consumer and enterprise-level alternatives. December was a record month for us and we're planning on maintaining the momentum as more businesses realize the cost and time savings benefits of cloud-based document management."

About KnowledgeTree

KnowledgeTree makes sharing content and controlling document processes simple with secure, affordable online document management solutions for growing SMBs and departments at larger companies. Designed for business professionals, KnowledgeTree is easy to use, does not require extensive training and enables content to be accessed and managed anytime, anywhere via cloud computing. Rich and open APIs allow for seamless integration of popular third party business applications.

KnowledgeTree accelerates return on investment by streamlining document-centric business processes and increasing collaboration with workflow, document alerts, version control and full transaction histories. KnowledgeTree is headquartered in Raleigh, North Carolina. For more information, visit www.knowledgetree.com. Follow us on Twitter @knowledgetreesw.

SOURCE KnowledgeTree