GoFormz grows revenue by 300 percent year over year; in use today by 10,000 companies in 72 countries
SAN DIEGO -- March 31, 2015 – Launched today, GoFormz www.goformz.com announced that it has raised three million dollars in Series A funding from Cloud Apps Capital Partners and FLOODGATE. The funding will be used to fuel the company’s product development, marketing and sales. Matt Holleran from Cloud Apps Capital Partners will join the company’s board of directors.
GoFormz also unveiled its breakthrough mobile-first productivity solution that transforms companies into data-driven businesses. For the 27 million workers in the U.S. alone who still rely on paper forms to do their jobs1, GoFormz provides an easy and proven way to mobilize their paper forms and turn them into smart mobile business applications. Through this sheer act of digitalizing a paper form, a previously inaccessible source of real-time data from the front lines of business is unleashed, dramatically improving business visibility and productivity. GoFormz sets off entire business transformations as the use of GoFormz to constantly capture all sources of business data proliferates throughout companies and industries.
The mobile enterprise business application market is expected to double from 31 billion dollars in 2012 to 61 billion dollars by 20182. GoFormz is accelerating this market growth with more than 10,000 customers in every industry, in every department, on virtually any device in 72 countries. Customers, including Cricket Wireless, DPR Construction, NRG and Oldcastle, rely on GoFormz to replace cumbersome paper-based processes with data-driven mobile solutions.
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Using the power of mobility to revolutionize businesses around the world
Despite advances in mobile and cloud technology, and companies’ efforts to mobilize their businesses, most mobile workers are not armed to do their jobs effectively and are still heavily reliant on paper-based processes. Taking a mobile-first approach, GoFormz makes it easy for mobile workers to capture data on the job using smart, electronic versions of their existing paper forms on any smartphone, tablet or desktop. The data is then immediately available for businesses to view online, add workflow and collaboration and analyze with easy to use reports.
GoFormz is unique in that the application mirrors employees’ original paper forms so there is no training required or interruption to their business, and also because of its offline capabilities which allows data to be captured electronically even when there is no network access, particularly important to workers out in the field.
What’s revolutionary about GoFormz is that while its initial application targets mobile forms and reporting, at its foundation is a full mobile productivity platform that can reinvent and support any business process with its mobile and web-based applications.
GoFormz has achieved the following milestones over the past year:
About Cloud Apps Capital Partners
Cloud Apps Capital Partners is a leading early-stage venture capital firm for cloud business application companies. Based in San Francisco, Cloud Apps Capital Partners invests in cloud business application companies at the “old-school” Series A stage. Our team has a deep understanding of both enterprise and small business cloud application markets, business models and ecosystems. For more information on Cloud Apps Capital Partners, visit www.cloudappscapital.com.
GoFormz provides a mobile forms and reporting solution that organizations and individuals use to replace their paper forms, resulting in more accurate data, streamlined workflow and comprehensive reports that drive agile business decisions. GoFormz transforms companies of any type, size or industry into truly data-driven businesses that capture real time information across their entire workflow to deliver unprecedented insights and improvements in productivity. With over 42 million form pages processed, GoFormz is helping over 27,000 customers across more than 150 countries eliminate paper forms, unlock business data and dramatically improve how they work. GoFormz is backed by leading venture capital firms including, Glynn Capital, Cloud Apps Capital Partners, and FLOODGATE.
1. U.S. Bureau of Labor & Statistics
2. Source: "Global Mobile Enterprise Business Application Revenue, 2012-2018," Strategic Analytics, December 2013) - See more at: http://www.eweek.com/mobile/slideshows/why-the-enterprise-mobile-app-development-market-is-about-to-explode.html#sthash.ZyHbslz3.dpuf