Metastorm posts record revenues

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.



Metastorm added 181 new customers for the year, including 51 new customers in Q4. Customers signed in Q4 include Advance Auto Parts (U.S.), Defense Technical Information Center (U.S.), Ericsson AB (Sweden), Millennium Pharmaceuticals (U.S.), SANParks (South Africa), United Biscuits (U.K.), and the Washington State Liquor Control Board (U.S.). Existing customers expanding their use of Metastorm software included Allergan (U.S.), MetLife (U.S.), Network Rail (U.K.), Sprint Nextel (U.S.), Standard Chartered Bank (South Africa), Talisman Energy (U.K.), Thomson Elite (U.S.), U.K. Home Office (U.K.) and Wyeth Pharmaceuticals (U.S.).



In addition to delivering strong financial results and significantly expanding its global customer base in 2008, Metastorm was recognised by numerous third-parties for its product and market leadership. Recognition included a position in the Leader quadrant of the "Gartner Magic Quadrant for Business Process Analysis Tools," published by Gartner, Inc. in September 2008 as well as ten distinct industry awards, including the Deloitte & Touche Fast 50 for strong growth, the ACG Deal of the Year award for the acquisition of Proforma Corporation, and the WfMC/OMG Global Award for Excellence in Business Process Management for customer success.



From a product perspective, Metastorm advanced its technology to meet its customers growing demands for deeper functionality, broader interoperability, and industry standard certifications. Product innovations delivered in 2008 include:

Release of new human-centric Process Discovery software tool
Expanded reporting and analysis capabilities for Portfolio Management and Six Sigma
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Collaborative analysis support for the Minitab and JMP statistical toolsets
Interoperability support for XPDL and Rational software
New Business Process Analysis reference model for the Value Chain Group (VCG) Framework
Rich interactive Business Process Management support for Microsoft Office 2007, Office SharePoint Server 2007 and Windows SharePoint Services 3.0
Enhanced Process Pod® connectors for leading Document Management Systems (DMS), including Interwoven, OpenText Hummingbird, and EMC Documentum
New Process Pod to accelerate Account On-Boarding and Know Your Customer compliance for financial services institutions
Metastorm BPM® Certification for Common Criteria Evaluation and Validation Scheme (CCEVS) at Evaluation Level 2 (ELA2) through the National Information Assurance Partnership (NIAP)
Successful audit of Metastorm BPM against Version 4.0 Guidelines set forth by the Good Automated Manufacturing Practice Forum (GAMP), which is part of the International Society for Pharmaceutical Engineering


"Metastorm continued to experience increased momentum in 2008 as customers worldwide bought into our strategy of integrating enterprise architecture, business process analysis and business process management initiatives to close the gaps between strategy and execution, deliver focused process analysis, and quickly improve organisational performance," stated Robert Farrell, chairman and CEO of Metastorm. "Despite a volatile economic environment in 2008, Metastorm was able to execute on our strategy and deliver strong revenue performance for the year. We are very proud of our growing customer base around the world. Customers recognise that investing in and rapidly deploying our software helps them cope with today's real challenges such as reducing costs, doing more with less, and making optimal use of the people, processes and systems they have in place today."