Simflofy, Inc. - Market Research Report
Company Overview
Simflofy, Inc. is a software development company founded in 2012 by Mark Lugert, specializing in content integration and data management solutions. The company addresses the prevalent issue of data sprawl by connecting diverse content management systems. Headquartered in Georgia, United States, Simflofy serves various industries, including healthcare, insurance, consulting, and government entities. The company operates within the tech services sector.
Recent Developments
In 2022, Simflofy entered into a definitive acquisition agreement with Objective Corporation to expand Objective's presence in North America. This acquisition enhances Objective's product suite, notably the Objective 3Sixty platform, with Simflofy's governance technologies. The acquisition, valued at USD $5.0 million, included approximately AUD $4.0 million in cash and 185,000 shares of Objective Corporation. Simflofy's management team, led by CEO Mark Lugert, is optimistic about the synergies this acquisition will bring.
Products and Services
Simflofy offers a suite of products focusing on content and data integration. Their flagship solutions enable efficient information capture, storage, sharing, and management across disparate systems. Key offerings include:
- Records management
- Federated search
- E-discovery
- Email archiving
- In-place records management
These solutions are particularly beneficial for sectors with high data governance needs, such as government, financial services, and Fortune 500 companies. Simflofy's platform connects to over 20 common content sources, providing robust content integration solutions.
Financial Overview
Simflofy has been profitable since its inception and is projected to contribute approximately AUD $3 million in software revenue to Objective Corporation in 2023. Despite its smaller scale compared to some competitors, Simflofy has engaged over 100 customers, demonstrating significant market acceptance.
- Estimated Annual Revenue: $507.5k
- Revenue Per Employee: $72,500
- Number of Employees: 7
- Employee Growth Rate: -42%
Management and Key Personnel
Simflofy's leadership is helmed by CEO Mark Lugert, who brings extensive experience in content management and data integration. The executive team consists of:
- Stanley Arnold, Chief Technology Officer
- Joan Lugert, Chief Financial Officer
- Nancy Lugert, Operations Manager
- Carolyn Satchell, Business Intelligence Analyst
- Ryan Josefsberg, Software Engineer
Their expertise ensures continuous innovation and improvement of Simflofy's solutions.
Competitors and Market Positioning
Simflofy faces competition from several tech and software service companies, highlighting its smaller size but also its niche specialization in the market:
- Valtech North America: Revenue $17.5M, 121 employees, 12% growth
- JoulestoWatts: Revenue $90.4M, 499 employees, 24% growth
- DevFactory: Revenue $2M, 20 employees, -23% growth
Simflofy also competes with platforms like Salesforce Platform, HubSpot Operations Hub, Skyvia, Google Drive, and Microsoft SharePoint. This competitive landscape indicates a high demand for flexible and scalable content solutions.
Services Offered
Key services offered by Simflofy include:
- Federated content networks
- Content migration from legacy sources
- Large-scale document management
These services appeal to businesses requiring efficient content migration and management capabilities, thus positioning Simflofy as a reliable solution for federated content management.
Overall, Simflofy's specific focus on content networks offers a nimble service delivery approach while presenting challenges in competing with larger entities.
