File Transfer Protocol (FTP) Software
M-Files is a Finnish knowledge work automation company whose core platform handles document management, workflow automation, and compliance for enterprise customers. The company began its transition to a recurring subscription SaaS model around 2018 and 2019, and by early 2024 was generating approximately $130 million in annual revenue. The CFO and COO, identified in the transcript as Justin, spoke at the SaaS Open live event in March 2024, describing the operational and financial infrastructure M-Files built to support its growth from roughly $20 to $30 million in revenue in 2018 to its current scale. The company is headquartered in Finland and operates with a largely remote, internationally distributed team. M-Files designed its back-office systems in 2018 with a $100 million revenue target in mind, a decision the CFO credited as central to the company's ability to scale without major operational disruption. The company has since focused on optimizing margins, pricing, and deal quality rather than pure top-line growth.
- Revenue
- $130M
- Customers
- 5K
- Year founded
- 1987
- Funding
- $163.5M
- Team size
- 649
- Location
- United States