BALTIMORE, MD – May 02, 2007 – Metastorm, a leading provider of Business Process
Management (BPM) software for organizational agility, innovation, and governance, today
announced financial results for its first quarter ending March 31, 2007. The privately held
company posted record revenues and profitability, experienced 30% license growth year-overyear,
and reported a continued increase in enterprise deployments of the Metastorm BPM®
suite. In addition, existing customers continued to invest in the solution by increasing the number of users, deploying new processes, and implementing additional functional capability to support the full roundtrip process life-cycle. The increased investment by both new and existing
customers was driven by a growing interest in BPM technology at the executive level as
Metastorm customers validate the software’s ability to not only lower costs and increase control, but also to deliver greater agility and foster increased innovation throughout an organization.
Metastorm continued to witness broad adoption of its BPM software and Process Pod® solutions
on a global scale including wins at ADP (France), Cameron McKenna (U.K.), John Deere
(Germany), MMA Financial (U.S.), Osborne Clark (U.K.), Rome Airport (Italy), Royal
Pharmaceutical Society (U.K.), and Wyeth (U.S.). Existing customers expanding their use of the
Metastorm BPM suite included Channel 4 Television (U.K.), Chubb & Sons (U.S), FTN Midwest
(U.S.), KPMG (U.S.), SkandiaBanken (Denmark), Staples (U.S.), and the U.S. Navy (U.S.).
Strong adoption rates and large enterprise license deals enabled Metastorm to post its 10th
consecutive quarter of profitable growth.
Metastorm’s continued revenue performance was recognized by several third party organizations
including Smart CEO magazine which presented Metastorm with a Future50 award for its
revenue growth, and START-IT magazine which named the Metastorm BPM Suite as a top
technology for the manufacturing industry. In addition, Metastorm made KMWorld’s list of the
Top 100 Companies that Matter in Knowledge Management for the fourth consecutive year – a
validation that BPM technology is not a passing fad but an established enterprise platform with
widespread adoption. Metastorm’s BPM leadership was further validated in Q1 by its inclusion
in Microsoft’s newly launched Business Process Alliance – an elite set of 10 vendors selected to
deliver business process capabilities that complement and extend Microsoft applications.
The most telling endorsement of Metastorm’s performance comes from its customers, who
stepped forward to deliver Season 3 of the Metastorm Customers Speak Out video testimonial
series – adding to a growing library of live commentary detailing the benefits in efficiency,
control, agility, and innovation that Metastorm BPM is delivering across industries and across
geographies (www.metastorm.com/customers/videos).
“Metastorm exhibited its ability to deliver consistent growth and profitable results throughout
2006, and we capitalized on that momentum in Q1 to deliver another record quarter,” stated
Robert Farrell, president and CEO of Metastorm. “Metastorm customers and partners continue
to validate our strategic investments in the company and the product. Organizations want to
invest in a proven, established company that will be there to support them long-term, and
Metastorm has demonstrated its ability to deliver both measurable results and innovative product
capabilities that scale to enterprise needs. Our focus has always been to grow our BPM
leadership worldwide, and we have the strategic plan and proven operating model in place to
deliver on this objective throughout 2007 and beyond.” |