An anomaly in the software space, family-owned Widen has reinvented itself from a prepress services business into a global technology company MADISON, Wis. and LONDON, March 22, 2018 (GLOBE NEWSWIRE) -- Widen, a provider of digital asset management ...
An anomaly in the software space, family-owned Widen has reinvented itself from a prepress services business into a global technology company
MADISON, Wis. and LONDON, March 22, 2018 (GLOBE NEWSWIRE) -- Widen, a provider of digital asset management (DAM) software, today celebrated 70 years in business. Founded in 1948, Widen is an anomaly in the software space: a family-owned plate engraving business that reinvented itself into a global technology company. Widen's history demonstrates how companies can adapt and thrive through technological disruptions.
In 1948, Emily and Arthur Widen founded Widen Engraving, a company that engraved plates for newspaper presses. Under their son, Mark Widen, the company expanded into additional prepress services, evolving from plates to film negatives and color printing. In 1985, Widen invested $3 million in color scanners and Scitex equipment not realizing how soon they'd have to divest.
In 1996, Widen, led by Mark's son Reed, began dabbling in digital technology. The company put $4 million into digital printing services and an R&D program. In 1996, the R&D team produced Widen's first image database system, long before anyone used the term "digital asset management." In 1998, Widen started selling this software to customers who, increasingly, were designing and storing marketing images on computers.
By the time Matthew Gonnering joined Widen in 2000, the print era was waning. Just months earlier, Gonnering had worked for a printing company that had to close its doors. From that experience, Gonnering learned the importance of adapting, whatever the risks may be. When he was appointed CEO of Widen in 2009, software only accounted for 19 percent of revenue the year prior. Widen either had to reinvigorate the prepress business or double down on software.
"The Widen family had an appetite for risk and experimentation. They had thrived by reinventing their business multiple times," said Gonnering. "Our team inherited that culture and recognized that Widen had to reinvent yet again. It was DAM or die."
Widen regrouped during the recession then went on offense. Web and smartphone technologies were making digital content the center of all communications and knowledge. Widen had an edge because it created, converted, retouched, and distributed massive visual files for catalogs and packaging. It's team understood the makeup of files and the need for a centralized content hub. Now, more than 350,000 people use Widen to organize, review, approve, distribute, monitor, and archive content assets. For over 600 renowned brands, Widen's software is a pillar in marketing technology stacks that create compelling, meaningful, and measurable experiences.
Within a decade, Widen's business has changed radically. 75 percent of Widen's revenue now comes from technology, and its team of software employees grew from 15 in 2009 to more than 100 in 2017. Since 2013, Widen has welcomed more than 90 new customers per year and achieved 30 percent average annual revenue growth. Widen counts 20 of Interbrand's 100 Best Global Brands and dozens of the Forbes Global 2000 among its customers. Every day, Widen delivers more than 20 million pieces of content to the public and facilitates over 33,000 digital asset uploads, 100,000 downloads, and 1.1 million API calls between marketing systems.
"For 70 years, we've helped our customers cultivate the power of expression. 70 years from now, I'm willing to bet that Widen will still help people unlock their creative potential," said Gonnering. "I think 'mature' companies struggle when they try to adapt to new technology. We've been adapting new technology to our essential purpose and values for decades."
In the past year, Widen has received recognition from the EContent 100, G2 Crowd, Capterra, the SIIA CODiE Awards, The Codified DAM Consultant(TM), Comparably, WorldBlu, and Madison Magazine. After 70 years in business, the team knows better than to rest on its laurels. "We're just getting started," said Gonnering.
Widen builds high-performing software that empowers organizations to create compelling, meaningful, and measurable digital experiences. Focused on service and fueled by a global community of users, Widen has the highest customer loyalty in the digital asset management (DAM) industry. Its platform spans across brand management, content lifecycle management, and creative operations, serving 350,000+ people at the most influential brands in the world. Customers include LG, Trek, Cornell University, the Atlanta Falcons, Red Gold Tomatoes, Energizer, Carnival Cruise Line, and Yankee Candle.
With more than 70 years of service experience, Widen is the company that does what it says, striving to be the best part of its customers' day, every day. To learn more about Widen, visit www.widen.com.
VP of Marketing, Widen
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Widen Enterprises via Globenewswire
Source(s) : Widen Enterprises
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