Preliminary results were reported in a trading update. GetBusy said subscription revenue was up 22 percent on a constant currency basis with growth in the United Kingdom increasing to 17 percent. The company operates in the United States, the U.K., and Australia. Final results for the year ended December 31 are expected to be reported on March 5.
The company, based in Cambridge, U.K., also owns Virtual Cabinet, another document management application. GetBusy was spun out of Australia-based Reckon in 2017. GetBusy eventually plans to combine the two products.
"As we look ahead to 2019, we will continue to invest in the growth of high-quality, recurring subscription revenues from SmartVault and Virtual Cabinet,” CEO Daniel Rabie said in a prepared statement.
During the year, SmartVault was managed from a self-managed service to Amazon Web Services. That migration was accomplished for Virtual Cabinet in 2017.