Metastorm, a provider of business process management (BPM), business process analysis (BPA) and enterprise architecture (EA) software for aligning strategy with execution, has announced record software revenues in its second quarter ending 30 June 2007.
The privately held company maintained profitability, experienced 26% licence 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, due to the software's ability to lower costs and increase control, and to deliver greater agility and foster increased innovation throughout an organisation.
A true enterprise BPM suite, such as Metastorm BPM, can be deployed rapidly to automate, control, and improve multiple complex processes in the organisation. 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.
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 Wurtzburg (Germany), OMX Group/NASDAQ (Sweden), Perot Systems (US), RSM McGladley (US), SJ Berwin (UK), and US Customs and Border Protection.
Existing customers expanding their use of Metastorm BPM Suite included Flexirent Capital (Australia), Martineau Johnson (UK), Publix Supermarkets (US), the US Army, and the US Department of State. Strong adoption rates and large enterprise licence 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 and frequently recognised by external parties for its proven effectiveness. In Q2, Metastorm BPM was recognised 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 product capabilities, and successful customer deployments," says Derek Hughes, director of South African Metastorm Alliance Partner DVT.
"Metastorm customers and partners continue to validate the company and its products through increased enterprise implementations and global adoption of Metastorm. This confidence is enabling Metastorm to solidify its market leadership and to make strategic investments that will accelerate its growth and allow it to penetrate new markets."
Metastorm recently made a strategic market move with its acquisition of Proforma Corporation, a recognised leader in business process analysis, modelling, and enterprise architecture. Metastorm can now offer a complete product portfolio for EA, BPA, and BPM that will allow organisations to 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.