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FileNET aims to increase revenue after expansion

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Content management solutions provider FileNET is expanding its Hong Kong operations to take on the Greater China region.

The company yesterday announced that its Hong Kong office would become the new headquarters for Greater China. It did not have a mainland office until now.

The firm's Asia-Pacific regional headquarters would remain in Singapore, chief executive Lee Roberts said.

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He said FileNET was aiming to increase its Asia-Pacific revenues from 5 per cent to 15 per cent.

The firm yesterday reported total revenue for the third quarter was US$83.1 million, compared with US$80.6 million the previous year.

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Mr Roberts estimated FileNET's total revenue for this year would be US$350 million, up from US$332.5 million last year.

Since its arrival, the California-based firm has been awarded four contracts by the Hong Kong government.

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