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ABS Capital General Partner Laura Witt Joins Metastorm Board
Global Leader in EA, BPA, and BPM Strengthens Board with Experienced Software Industry Investor
BALTIMORE, MD – August 21, 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 that Laura Witt, general partner at ABS Capital Partners, a leading later-stage growth company investor, has joined its board of directors.
Ms. Witt has an extensive background working with successful software and technology services companies. She currently serves on the board of several ABS Capital software investments, including Double-Take Software, Inc. (NASDAQ:DBTK), a leading provider of affordable software for recoverability, and Rosetta Stone, Inc., creator of the world’s No. 1 language-learning program. She previously served on the board of Youcentric, Inc., a CRM software provider, which was sold to J.D. Edwards & Co. in 2001. With over 10 years of experience investing in growth companies at ABS Capital, Ms. Witt brings a wealth of perspectives to addressing the strategic and operational issues facing high-growth companies. She has been an active investor in the software and technology services sectors, working with companies to capitalize on shifts in the competitive landscape, to build effective sales and distribution channels, and to seize opportunities to further expand their product offerings. Her international experience is also well-suited to guiding Metastorm – a global software vendor with customer presence in 109 countries.
ABS Capital led Metastorm’s recent $30 million Series C round of funding, which closed on August 1, 2007. ABS Capital was joined in the round by existing investors, including Internet Capital Group (NASDAQ:ICGE), 3i, and Wall Street Technology Partners.
In addition to closing the Series C funding earlier this month, 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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