GMC Software posts double-digit growth for fifth year running

GMC Software Technology has reported a 35% increase in revenue for 2007, the fifth year in a row of double-digit growth.

The print software company expanded into new markets in 2007, including the banking and insurance sectors, and joined Ricoh's Production Printing Business group to resell the PrintNet suite to the production printing market.

Chief executive René Müller said the company exceeded its profitability growth targets for the year, despite heavy investment in the sales and support network, strategic technology partnerships and new market development.

"With this solid operational base, in concert with a continued focus on product development initiatives that will break new ground for the management of personalised communications and marketing programs, we are confident that we will sustain our growth goals in 2008," Müller said.

During 2007, GMC announced a series of product technology enhancements and version releases for CRM publishing capabilities, including advanced digital colour management support, web-based interactive communications, transpromo, campaign management and multi-channel delivery. It also announced integration capabilities with leading content management, ERP and CRM providers.

The company established a South American subsidiary and opened new sales and support offices in France, Mexico, Singapore, and Chile.

GMC plans to continue its expansion of subsidiary and sales office operations throughout 2008.