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Metastorm Growth and Leadership Continue
Global Enterprise Software Vendor Delivers Strong Q1 Financial Results on Continued Demand for Process Improvement Software
BALTIMORE, MD – May 7, 2009 – 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 results for its first quarter ending March 31, 2009. The privately held company realized a 16% increase in license over the prior year quarter and reported strong demand for its software as organizations strive to reduce costs, increase productivity and instill greater control over operations.
Growth was fueled by both new customer additions as well as additional software purchases from existing customers. New customers selecting Metastorm software in Q1 included: ADP Iberia (Spain), Health First (U.S.), London School of Economics (U.K.), Nixon Peabody (U.S.), and TW Telecom (U.S.). Existing customers expanding their use of Metastorm software included Allergan (U.S.), Generali (Slovenia), John Deere (Germany), McKesson (U.S.), Publix Supermarkets (U.S.), Sobeys (Canada), U.S. Army National Guard (U.S.), U.S. Department of Defense Business Transformation Agency (U.S.) and U.S. Air Force (U.S.).
In March 2009, Metastorm shipped a major new version of its integration and managed file transfer (MFT) software. Metastorm Integration Manager Version 8.5 runs on over twenty platforms and helps organizations integrate and modernize complex legacy IT environments and gain greater visibility, accuracy and control over high-volume data movements both internally and in business-to-business scenarios. Gaining control over data and accelerating communications is highly critical to helping companies perform better and to achieving and maintaining compliance with increasingly stringent regulatory mandates.
Metastorm continued to receive strong external leadership recognition in the quarter. Metastorm was recognized as a Leader by Forrester in the “Forrester Wave: EA Tools, Business Process Analysis and IT Planning, 1Q09” report published in January 2009. Metastorm is positioned as a Leader in all three categories, validating that Metastorm ProVision® is one of the most well-rounded, comprehensive software products on the market.
In addition, Metastorm was recognized as a Leader by Gartner in the “Magic Quadrant for Business Process Management Suites (BPMS)” report, published in February 2009. Metastorm’s leadership in the BPM market is driven by its ability to deliver a full-scale BPM suite, Metastorm BPM®, for large enterprise deployments, its successful track record of customer success, and its unique ability to deliver complementary applications for enterprise architecture and business process analysis – two critical applications that link strategy and analysis capabilities with the execution capabilities provided by business process management.
Metastorm’s ability to sell into three growing markets – EA, BPA, and BPM – combined with its proven track record of delivering results and customer success has enabled the company to continue to grow and be successful even in the current difficult economic environment. A recent survey of Metastorm’s customers showed that they are relying heavily on the software to help increase productivity, gain better visibility and control, and lower costs, all critical success factors to performing well in the current volatile business environment. In addition, a majority of Metastorm customers report seeing a 16-30% return on investment from each project they undertake using the software – results that help justify ongoing investment in the software.
“We are extremely pleased with the commitment our customers are showing to process improvement initiatives and the use of Metastorm’s software to support those initiatives,” stated Robert Farrell, chairman and CEO of Metastorm. “Despite the economic downturn, our customers recognize that EA, BPA, and BPM software is critical to their ability to be successful, and as such they are committed to ongoing investment in software and services. This was evident in the record attendance we saw at our global User Conference last week – over 500 customers and partners from 19 countries participated in the event. This indicates that our customers see the value in spending both time and money to take advantage of the opportunity to network with others, stay current on our software, and collaborate on future projects. We will continue to invest in helping our customer base survive the economic downturn and position themselves to emerge even stronger and more agile when the market rebounds.”
About Metastorm
With a focus on enterprise visibility, resource optimization, efficiency and agility, Metastorm offers market-leading software for enterprise and business architecture (EA), business process analysis (BPA), and business process management (BPM). As an integrated product portfolio, Metastorm Enterprise allows organizations to improve business results by better aligning strategy with execution. By combining the power of these three disciplines onto a common platform, Metastorm is helping organizations worldwide focus on the right business improvements, instill stronger governance, and accelerate time to value. For more information and success stories on organizations powering strategic advantage with Metastorm Enterprise, visit www.metastorm.com.
© Copyright 2009, Metastorm Inc. All rights reserved. Business to the Power of 3, Enterprise Process Advantage, Metastorm BPM, Metastorm Discovery, Metastorm DNA, Metastorm Knowledge Exchange, Process Pod, ProVision, and the See.Think.Do image are either registered trademarks or 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.
Press Contact Information:
Shahed Ahmed
Merritt Group
T: +1 703-390-1515
ahmed@merrittgrp.com
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