BALTIMORE, MD – February 10, 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
financial results for its fiscal year ending December 31, 2008. The
privately-held company posted record revenues and a record number of
new customers for the year. Metastorm experienced 29% growth in total
revenues year-over-year and added 181 new customers. The company’s
strong performance was the result of increased adoption of the full
Metastorm Enterprise software portfolio – including Metastorm BPM®,
Metastorm ProVision® and Metastorm Integration Manager.
Not a bad little increase for this company. The press release goes on to say that they have also added 181 new customers over the last twelve months, 51 of which they added as the year drew to a close. As this is currently a privatly traded company it is not easy to gather their true earnings in terms of physical dollars, but a 29% growth year-on-year is not bad at all. Of course the other factor to play into this is the increase in customers. I don't know exactly what Metastorm's existing customer base is and whether 181 additions is meaningful or not, so that is something that will need to be taken under advisement.
One thing is for sure it does highlight the growing trend in using technology to support BPM initiatives. We mentioned before in these pages about the fact that BPM can be a profit centre for your organisation and this is a natural fall-out from that statement. The current economic climate can only highlight that fact even more.
EDIT: Title changed from 'Metastorm Announces Record profits' to 'Metastorm Announces Record Revenues'
Looking for Metastorm resource?
Do you want to benefit from the efficiency increases that BPA and BPM can bring? Do you use Metastorm tools? Are you looking for additional resource to come in and assist you with your process mapping? GCP Consulting can offer expert Metastorm Provision resourcing for you.
With several years of experience on the tool and expertise in both the Enterprise Architecture and Business Process Analysis functions (along with simulation), a quick discussion to understand your needs is probably the first step.
Call on (44) 845 833 1179 and talk to us about your Metastorm needs.
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