Savvion Reports Strong Demand in 2008
- Published: February 2, 2009
Savvion Bucks Current Economic Trend by Completing 2008 With Continued Profitability and Strong Demand For Its Business Process Management (BPM) Software . Major New Business Process Management Software Customers Worldwide Invest in Savvion’s BPM Software to Reduce Operating Costs and Increase Productivity
While many software companies struggle in the current economic downturn, Savvion®, the trailblazing business process management software (BPM) company, announced today that it has posted a record profit for the fiscal year ending December 31, 2008, exceeding expectations on all financial metrics. The company was profitable every quarter in 2008.
In addition to leveraging its business process management software to increase profit margins, success factors for Savvion include:
• 42 major BPM license transactions, 19 of which were repeat customers expanding their Savvion BPM investment.
• 23 major new enterprise-level customers worldwide, including leaders in the communications, financial services, manufacturing, logistics, and oil and energy sectors.
Savvion also enhanced its core business process management software products, introduced new products, and expanded its service offering.
• New core products released in 2008:
• BusinessManager ™ 7.5, a major new release of its flagship business process management software (http://www.savvion.com/products/businessmanager-7.5.php).
• Business Rules Management System that allows business rules and decisions to be created, stored and reused easily (http://www.savvion.com/products/savvion-business-rules.ph).
• Project-Oriented Process (POP) that supports an important BPM and project management use scenario and includes an entirely new way of defining and analyzing business processes (http://www.savvion.com/products/process-modeler.php).
• New industry-specific applications built on top of Savvion’s BPM software:
o Financial Services and Banking Foundation (http://www.savvion.com/solutions/fsm/index.php)
o Communications Foundation (http://www.savvion.com/solutions/communications/order-management/index.php)
• New service offerings:
o Process impact analyses, discovery and modeling.
o Process solution operation, support, change management and hosting.
“In these uncertain economic times, we know customers are reassured by Savvion’s track record of financial stability and continued investment to enhance core products and innovative vertical market solutions,” said Dr. M.A. Ketabchi, President, CEO and Founder of Savvion.
BPTrends and the Object Management Consortium recently reported that “BPM has come of age” and that there are “a growing number of organizations . . . committing themselves to using processes to innovate and manage the way they do business.”
With a similar perspective in her June 20, 2008 Gartner report, “Four Paths Characterize BPMS Market Evolution”, which covers the BPMS market worldwide from 2007 to 2012, Michele Cantara states, “The BPMS market has grown, and will continue to grow, faster than the overall application integration and middleware (AIM) market. Although the BPMS market will continue to expand, growth rates for this market will settle to 9% year-over-year growth by the end of the forecast period.”
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The Savvion logo, Savvion, and all Savvion products are trademarks or registered trademarks of Savvion, Inc. All other trademarks mentioned herein are the property of their respective owners.
More than 300 of the world’s top-performing companies, including 24 of the Fortune 100, choose Savvion to operate more productively and profitably. As the business process management trailblazer, Savvion moves enterprises beyond ordinary BPM with groundbreaking business-critical software solutions and services that make them more competitive and cost-efficient, including a return on investment as high as 300%. Savvion has a proven track record for turning process improvement ideas into real-world solutions within 30 days. Headquartered in Santa Clara, California, Savvion can be reached at (www.savvion.com) or 888-544-5511
Miranda Von Stockhausen