iManage announces growth in the company’s cloud services business

iManage, the company dedicated to Making Knowledge WorkTM, announces strong growth in the company’s cloud services business. Organizations modernizing their IT infrastructures and systems to support new needs of knowledge workers and the evolving demands of clients have adopted iManage Cloud to drive increased business agility, knowledge worker productivity, and enhanced security and governance over critical business information.

Having achieved 59% Year over Year (YOY) growth in SaaS revenue in 2020, iManage continues to drive elevated customer engagement and adoption of its leading cloud-based knowledge work platform. Additional milestones demonstrate strong growth and industry leadership across market sectors and technology innovation:

Cloud Leadership

  • 81% increase in new SaaS bookings in Q2 2021 vs. Q2 2020
  • 591 new cloud customers and cloud conversions since the start of 2020, contributing to 46% of iManage’s 3700+ customers in iManage Cloud. Growth forecasting predicts that more than half of iManage customers will be in the cloud by end of 2021
  • Ongoing, rapid growth in the Fortune 500, including two of the largest global financial institutions, demonstrating that the iManage Cloud meets the security and functional needs of these most demanding organizations

Overwhelming Choice for Large Global Law Firms and Mid-Market Growth

  • 78% of the Global Law 100, 21 of 25 of the top Canadian law firms, 77% of the AmLaw 200, and 75% of the AmLaw
  • Linklaters’ selection of iManage Work in Q2 2021 makes iManage the document and email management system (DMS) of choice for all five of the prestigious, UK Magic Circle firms
  • Share of small- to mid-market law firms has increased dramatically, currently making up almost 60% of iManage customers worldwide. Since 2020, 90% of new accounts in this sector are adopting iManage Cloud

Product and Security Excellence and Expansion