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FileNet Expands Global Presence With Opening of Singapore Office
FileNet Corporation (Nasdaq: FILE - News), provider of Enterprise Content Management (ECM) solutions, today announced it has expanded its presence in the Asia-Pacific region, with the opening of its new offices in Singapore.
The new office, based in the central business district of Singapore, will function as the Asia-Pacific headquarters for FileNet's Sales, Marketing, Professional Services, Finance & Administration and Management functions, and will reinforce its presence in the region, enabling the company to better serve its customers.
In a recent report, industry analyst firm Ovum says Asia-Pacific is the fastest growing region for content management, and predicts 12 percent of global revenues for content management, or $241 million, will come from Asia-Pacific by 2007. Specific to China and India, Ovum estimates that investment in ECM will grow more than 20 percent during the next few years.(1)
FileNet Asia-Pacific customers include, Woori Bank, Korea's second largest commercial bank with a customer base of 13 million and AXA Insurance Property and Casualty, one of the leading insurance companies in the region.
"Our strategy is to continue to expand FileNet's customer base within the government, insurance, financial services and banking sectors in the Asia Pacific market, including Japan, Greater China, ASEAN, India and Australasia," said Hugh Sutherland, vice president, Asia Pacific at FileNet Corporation. "Our new Singapore office enables FileNet to be closer to the many major banks, government and global enterprises that are headquartered in Singapore, and gives us the ability to enhance our support for the growing customer base in the Asia-Pacific region." 08.04.2004, FileNet Corporation
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