Templafy is set to accelerate market and product expansion of its document workflow and management platform with the acquisition of Napp, whose terms remain undisclosed.
Templafy has progressed plans for global expansion of their proprietary document workflow and digital transaction management platform through an acquisition to drive product enhancements. .
It also recently raised $25MOpens a new window in a Series C round of funding, just after being recognized as one of Europe’s Tech5 scale-upsOpens a new window in 2019.
Acquisition of the NappOpens a new window
The document management market is expected to reach $10.17B by 2025Opens a new window and is growing at a 13.05% compound annual growth rate. The rise in distributed workforces and remote working has only exacerbated the need for companies to create smart document ecosystems where distributed, mobile and remote teams can access the entire library of company content as well as collaborateOpens a new window to create, publish, distribute and store documents in safe, consistent and compliant ways on the cloud. Sales teams especially need tools like this that help templatize business documents that align to the buyer’s journey and enable a smoother buyer experience.
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.Templafy’s acquisition of NappOpens a new window will help with product enhancements specifically focused on greater engagement and collaboration on its cloud-based, web-driven platform.
Templafy’s cloud-based platform provides centralized governance of document creation and management for globally distributed workforces to create better buying experiences for their customers.
Napp – the Denmark-based B2B sales enablement platform provides content, tools and information for sales teams- especially distributed teams – to effectively support any buyer’s journey, in ways that better engage buyers and also capture analytics to optimize performance..
The acquisition augments Templafy’s document collaboration platform with the ability to track recipient engagement, as the technology allows recipients to read, annotate and provide feedback on shared documents via Templafy’s web interface.
Christian Lund, Chief Product Officer at Templafy said, “We expect the added functionality to help both employees and businesses achieve a faster and higher return on the efforts put into document creation.â€
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Web-enabled document workflow platforms such as Templafy, Confluence, Zoho Docs, Confluence and many others help teams securely access a central repository of content, to enhance efficiency and productivity. They help automate workflows, customize and templatize important business documents- especially sales-related documents – as well as make it easy for all stakeholders to easily comment, revise, and distribute the content. Most of these SaaS solutions take care of the security aspects, and being predominantly cloud-based, offer anywhere, anytime access as well as multiple integrations with other collaboration business tools to make business conversations seamless, and are must-have platforms in any enterprise collaboration stack.Opens a new window
Enterprises in the legal, insurance, education, banking & finance sectors, as well as agile marketing and brandingOpens a new window organizations tend to deploy such solutions across their global operations.
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