From Start-up to Scale-up: Oodrive Announces 2015 Growth and 2016 Outlook
Oodrive, a pioneer of cloud computing in Europe, and one of the leaders in data sharing, online backup and digital trust, announced its 2015 revenue and growth figures as well as the outlook for 2016.
Robust growth and international expansion
Oodrive announced full-year 2015 revenue of €37 million and a target of €42 million in revenue by end-2016.
Created in 2000, the company continues to deliver solid results, with growth figures meeting expectations: Oodrive employs 310 people in seven countries, in France, Germany, Belgium, Switzerland, Spain, Brazil andAsia. Its solutions are used by over 15,000 companies worldwide and have more than 1 million users.
“After 15 years in operation, we have scaled up to a size that gives us the human and financial resources tofocus on continued robust growth in our international operations,“ says Stanislas de Rémur, CEO of Oodrive.“We are also considering potential acquisitions in Europe to back our expansion ambitions.”
From Start-up to Scale-up
Scaling up means new challenges. These include reconciling the competing demands for agility, innovation and management of a larger structure. Oodrive operates in a fiercely competitive market, contending with a constantly evolving legal environment and the need for continuous process improvements to keep pace with its vigorous growth. Oodrive has successfully balanced these factors to move from start-up to scale-up.
“This increase in scale is an important step for us,” explains Stanislas de Rémur. “Being a scale-up also means that we have achieved the organizational mass to improve the allocation of resources and focus on growth.”
In the scale-up phase, a company grows its established business model to expand into the international market. To achieve this, Oodrive must adjust its organization and review its growth model, in terms of recruitment and management.
“We now give strategic priority to recruiting scarce and sought-after profiles. Adapting our organization will drive skills development and ensure we attract and retain the best talent,” adds Stanislas de Rémur.
The Oodrive Group, created in 2000 in France, is a pioneer in the SaaS (software-as-a-service) market. It is one of Europe’s leading suppliers of secure cloud applications for business customers. Oodrive product lines cover secure file sharing and collaboration, backup and archiving, and digital trust solutions.