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Jetform, a specialist in XML-based workflow systems, is to establish a new sales office in Ireland as it looks to hire between 10 and 15 new staff.
According to Niall Griffiths, sales manager with Jetform Ireland, the company's new expansions are the result of a "demand for the untapped Irish market."
Griffiths will be responsible for establishing a sales operation in Ireland, which currently offers e-business, XML-based solutions for the financial services, manufacturing and government sectors.
Already the company employs 60 in its EMEA headquarters in Blackrock, Co. Dublin.
The company offers XML-based workflow and document management solutions. Jetform has over 3,000 clients in the EMEA region to which it offers XML-based solutions in the areas of e-process, e-forms and e-document presentment. In addition, the company operates in 11, and distributes in 21 countries, with regional sales and marketing offices in the UK, Germany, France, and Sweden.
In February, the Ottawa-based company announced revenues for the third quarter of fiscal year 2001 which were CAN23.4 million, compared to CAN21.1 million in the third quarter of fiscal 2000, an increase of 11 percent. Operating loss for the quarter was CAN3.9 million, compared to an operating loss of CAN7.1 million for the same period last year. The net loss for the quarter was CAN3.9 million or CAN0.16 per share (fully diluted 24.7 million shares), compared to a net loss of CAN7.0 million or CAN0.35 per share (fully diluted 19.9 million shares) in the third quarter of fiscal 2000.
At that time the company also reported product revenue growth for Europe (not including the UK) of 58 percent and worldwide revenue growth of 11 percent.
Worldwide the company employs around 650 and partners include Microsoft, Sun Microsystems, HP, Xerox and SAP. Among its customers are Anheuser Busch, Prudential Real Estate and Relocation, Chase Manhattan, Ericsson, Wells Fargo and Boeing/McDonnell Douglas.
According to Griffiths, the company expects to make a number of major announcement before the end of the year with regard to new partnerships and alliances in the EMEA region.
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