For the first half ended June 30, SmartVault reported revenue of roughly $4.5 million, an increase of 17 percent year-over-year, but up 28 percent in constant currency. 

GetBusy said it will invest incremental revenue from SmartVault into growing that business. The document management system’s primary market is the United States but it has been growing in its newest market, the U.K. Virtual Cabinet, whose primary markets are Australia, New Zealand and the U.K., registered first half revenue of approximately $5.9 million, up 1 percent over last year’s corresponding period, down 1 percent in constant currency.

Total revenue reached about $1.4 million, rising 7 percent over last year’s first half, 10 percent in constant currency.

The company lost slightly more than $1 million, compared to earnings of $1.1 million  last year at current exchange rates. The loss occurred because Virtual Cabinet’s operating income increased by 6 percent while SmartVault’s operating loss grew by 41 percent year-over-year.