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Metastorm Recognized in Deloitte’s Technology Fast 50 Program for 5th Consecutive Year
Global Software Provider’s Growth Fueled by Hot BPM Market and Strategic M&A
BALTIMORE, MD – October 3, 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 it has been named to Deloitte's prestigious Technology Fast 50 Program for Maryland, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in the state by Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2002–2006. This is the fifth consecutive year that Metastorm has been recognized as a Deloitte Fast 50 company.
“Deloitte’s Maryland’s Technology Fast 50 companies have shown the strength, vision, and tenacity to succeed in today’s very competitive technology environment,” said Gary H. Tabach, managing partner of Deloitte’s Greater Washington Practice. “We applaud the successes of Metastorm and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years.”
To qualify for the Technology Fast 50, companies must meet a minimum growth rate and size, be headquartered in Maryland, and own proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Metastorm has established itself as a proven, enterprise-scale BPM Suite, providing its customers with a software platform that allows them to model, automate, integrate, monitor, analyze and improve core business processes. The BPM market has been growing rapidly and analysts forecast it will continue to be a hot area. In addition, Metastorm has made strategic M&A moves to increase the depth and breadth of its offering as well as increase its industry expertise. Recent acquisitions include CommerceQuest in 2005 and Proforma Corporation in 2007.
“Metastorm’s inclusion in Deloitte’s Technology Fast 50 Program for Maryland for five consecutive years is a testament to our exceptional focus and execution on our strategy,” stated Chris Desautelle, CFO of Metastorm. “Metastorm’s growth and leadership position can be credited to our visionary leadership, strategic investments, innovative new product capabilities, a dedication to customers and partners, and our global reach and maturity.”
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
gkarr@metastorm.com
Jayson Schkloven
Merritt Group
T: +1 703-390-1529
schkloven@merrittgrp.com
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