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SmartVault Parent Revs Up 20 Percent

Daniel Rabie, GetBusyGetBusy, which owns document management supplier SmartVault, expects to report revenue for 2018 will be approximately $14 million, an increase of 20 percent over the prior year. The figure was reported on a constant currency basis.

Preliminary results were reported in a trading update. GetBusy said subscription revenue was up 22 percent on a constant currency basis with growth in the United Kingdom increasing to 17 percent. The company operates in the United States, the U.K., and Australia. Final results for the year ended December 31 are expected to be reported on March 5.

The company, based in Cambridge, U.K., also owns Virtual Cabinet, another document management application. GetBusy was spun out of Australia-based Reckon in 2017. GetBusy eventually plans to combine the two products.

"As we look ahead to 2019, we will continue to invest in the growth of high-quality, recurring subscription revenues from SmartVault and Virtual Cabinet,” CEO Daniel Rabie said in a prepared statement.

During the year, SmartVault was managed from a self-managed service to Amazon Web Services. That migration was accomplished for Virtual Cabinet in 2017.

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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