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SmartVault Revs Rise 20 Percent

Revenue for SmartVault rose by 20 percent for the year ended December 31, its parent company GetBusy reported this week. The document management software operations reached about $9.1 million in 2021.

Operations benefited from a move toward larger accounts, which raised average selling price. The was also helped by the introduced of the Certified Vault application, whose average annual contract value is four to five times higher than that for the typical SmartVaut customer.

Overall, GetBusy lost approximately $3.1 million, more than double the loss for 2020. Revenue reached roughly $21.2 million, an increase of 16 percent. 

The rest of revenue is principally from another document management package, Virtual Cabinet. Revenue for the line grew 2 percent to about $11.5 million

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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