13. August 2020
AMAGNO secures growth capital
The Oldenburg-based ECM provider AMAGNO is securing growth capital in the almost seven-digit range for its current expansion and is investing this in milestones in preparation for scaling the company in the cloud segment.
It will be clear to every company that digitalization is the next leap after industrialization. More and more companies are recognizing the need to digitize processes and documents in order to work more effectively and with greater motivation. Despite the corona crisis, the Oldenburg-based company AMAGNO, provider of the enterprise content management solution of the same name, is significantly increasing its sales compared to previous years. The turnaround from on-premise to cloud business in recent years is clearly paying off. The first half of 2020 is already the most successful in the company’s history. The focus here is on the AMAGNO Business Cloud, which makes it possible to put an ECM solution into operation immediately and at no cost in the German legal area.
For the planned growth measures, AMAGNO convinced banks and shareholders to provide growth financing of almost one million euros. The results are clear, because complete ECM in the cloud as a component of the Internet ecosystem is an enormous growth market, which as a provider can only offer its full potential through a scaling company. The sales increases in the cloud segment are significant and not a temporary phenomenon.
Investment in scaling
AMAGNO is implementing the growth financing in a multi-stage growth plan. The company is investing primarily in the technological and organizational scaling of the company for cloud business as well as in the implementation of a new partner concept and multiplier acquisition.
AMAGNO’s CEO Jens Büscher explains: “There are no more discussions about this. Companies of all sizes want to digitalize their processes and documents immediately and with ready workflows at the lowest possible investment. And this with every device, at every location. The automation of work must no longer be a scientific project, but must be applicable with the simplicity of a screwdriver. That is our goal.”