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Metastorm Reports Strong 2nd Quarter
Global BPM Leader Achieves Record Software Revenues and Continues Product Innovation
BALTIMORE, MD – August 7, 2007 – Metastorm, a leading provider of Business Process Management (BPM), Business Process Analysis (BPA), and Enterprise Architecture (EA) software for aligning strategy with execution, today announced financial results for its second quarter ending June 30, 2007. The privately held company posted record software revenues and maintained profitability, experienced 26% license growth year-over-year, and reported a continued increase in enterprise deployments of the Metastorm BPM® suite from both new and existing customers.
The pace of growth in BPM Suite deployment is outpacing most other software markets, as validated by analysts such as Gartner Inc., due to the software’s ability to not only lower costs and increase control, but also to deliver greater agility and foster increased innovation throughout an organization. A true enterprise BPM Suite, such as Metastorm BPM, can be deployed rapidly to automate, control, and improve multiple complex processes in the organization. As compared to other enterprise technologies, BPM is easier to deploy, enables faster change and greater agility, has a lower overall total cost of ownership, and delivers a higher return on investment.
As one of the most proven and successful vendors in the BPMS market, Metastorm continued to witness broad adoption of its BPM software and Process Pod® solutions on a global scale including wins at Banco Popolare di Sondrio (Italy), City of Würzburg (Germany), OMX Group/NASDAQ (Sweden), Perot Systems (U.S.), RSM McGladley (U.S.), SJ Berwin (U.K.), and United States Customs and Border Protection (U.S.). Existing customers expanding their use of the Metastorm BPM suite included Flexirent Capital (Australia), Martineau Johnson (U.K.), the United States Army (U.S.), and the United States Department of State (U.S.). Strong adoption rates and large enterprise license deals enabled Metastorm to post its 11th consecutive quarter of profitable growth.
In addition to strong revenue performance, Metastorm also continued its product innovation with the release of Metastorm BPM Version 7.5 – a new release of the BPM Suite that increases usability for business users, provides support for BPM through a Microsoft Office 2007 interface, and enables process collaboration and deployment of Metastorm BPM through multiple portal applications, such as Microsoft SharePoint, SAP Portal, Vignette, and IBM WebSphere Portal. The Metastorm BPM Suite is one of the leading products on the market today and is frequently recognized by external parties for its proven effectiveness. In Q2, Metastorm BPM was recognized in the eWeek Excellence Awards for Business Systems Integration and in the Supply & Demand Chain Executive 100 for its effectiveness in improving supply chain processes.
“Metastorm continued its established track record of delivering strong operating performance, innovative new product capabilities, and successful customer deployments,” stated Robert Farrell, president and CEO of Metastorm. “Metastorm customers and partners continue to validate our company and our product through increased enterprise implementations and global adoption of the Metastorm BPM suite. This confidence is enabling us to further solidify our market leadership and to make strategic investments that will accelerate our growth and allow us to penetrate new markets. These investments will allow us to expand our focus and help our customers obtain even greater strategic value from Metastorm solutions.”
Last week, Metastorm made a strategic market move with its acquisition of Proforma Corporation, a recognized leader in business process analysis, modeling, and enterprise architecture. Metastorm is now able to offer a complete product portfolio for EA, BPA, and BPM that will allow organizations to more quickly and effectively close the gaps between strategy, analysis, and execution to deliver greater operational value and accelerate the delivery of real results against strategic goals and objectives. For more information on Metastorm’s acquisition of Proforma Corporation, visit : http://www.metastorm.com/news/2007/080107.asp.
About Metastorm
With a focus on enterprise visibility, optimization, and agility, Metastorm offers market-leading solutions for Enterprise Architecture (EA), Business Process Analysis & Modeling (BPA) and Business Process Management (BPM). As an integrated product portfolio, Metastorm Enterprise™ allows organizations to maximize business results by unifying strategy, analysis and execution. Metastorm is the only solution provider to bring together these critical disciplines on a single software platform to enable an understanding of enterprise architecture and strategy, accurate impact and opportunity assessment, effective process execution, and accelerated value realization for organizations worldwide. For more information on powering strategic advantage with Metastorm Enterprise, visit www.metastorm.com.
© Copyright 2007, Metastorm Inc. All rights reserved. Metastorm BPM, Metastorm Enterprise, Enterprise Process Advantage, Metastorm DNA and Process Pod are either trademarks or registered trademarks of Metastorm Inc. Other product, service and company names mentioned herein are for identification purposes only and may be trademarks of their respective owners.
THIS NEWS RELEASE CONTAINS ARCHIVAL INFORMATION, WHICH SHOULD NOT BE CONSIDERED CURRENT AND MAY NO LONGER BE ACCURATE.
Press Contact Information:
Gina Karr
Metastorm
T: +1 443-874-1260
T: +44 (0) 208 971 1519
gkarr@metastorm.com
Shahed Ahmed
Merritt Group
T: +1 703-390-1515
ahmed@merrittgrp.com
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