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BALTIMORE, MD – November 8, 2006 – Metastorm, a leading provider of Business Process Management (BPM) software for modeling, automating, integrating, and improving both human and system-based processes, today announced record financial results for its quarter ending September 30, 2006. Metastorm’s total revenue for the third quarter of 2006 increased 81 percent over the same quarter last year, and 20 percent on a pro forma basis (excluding the effect of the CommerceQuest acquisition), helping the company maintain its strong market share position. This represents the 7th consecutive quarter of growth for Metastorm, a company that excels in execution across all facets of its business – from delivering the market’s most comprehensive, proven BPM Suite to delivering unmatched customer successes on a global scale.
In the third quarter of 2006, Metastorm continued its trend of increasing the number of enterprise-wide software licenses to both new and existing customers around the world. A sample of organizations choosing the Metastorm BPM suite in Q3 included ABA Seguros (Mexico), Asset Management Advisors (USA), Polokwane Local Council (South Africa), National Gallery of Art (USA), the U.S. Federal Bureau of Investigation (USA), and Womble Carlyle Sandridge & Rice (USA). In addition, existing customers substantially expanding their use of Metastorm BPM™ included Hestia Insurance (Poland), Postbank Systems (Germany), Telenor (Norway), the UK Department of Finance (UK), and UniChem (UK).
Metastorm’s continued revenue performance was recognized by several third party organizations in Q3 – including Gartner and Deloitte & Touche. In its August 2006 report titled Market Share: BPM Pure-Play and BRE Software, Worldwide, 2005, Gartner cites Metastorm as being one “of the top 10 BPM software vendors in terms of 2005 worldwide market share.” Deloitte & Touche USA LLC recognized Metastorm in the Deloitte Fast 50 as one of the fastest growing technology companies in its region. This is the 4th consecutive year that Metastorm has made the Deloitte Fast 50 list – again validating Metastorm’s market-leading ability to execute and its consistent delivery of robust product offerings and strong customer results.
“We continued to demonstrate the strength of our business by delivering record revenues again in Q3,” says Robert Farrell, president and CEO of Metastorm. “We closed the largest enterprise deal in the history of the company, and our existing customers around the world endorsed their commitment to Metastorm by requesting shipment of the new Metastorm BPM Version 7 release in record numbers. Industry analysts continue to recognize our leadership position, and organizations evaluating BPM continue to recognize the strength of our comprehensive BPM suite. We enter the final quarter of 2006 on target to meet or exceed our growth plans for the year, and we are anticipating a strong start for 2007.”
About Metastorm
As the first breakaway BPM vendor, Metastorm is a leader in business process management (BPM) software and best practice methodologies for modeling, automating, integrating, and improving both human and system-based processes. Metastorm BPM™ is a complete solution for roundtrip process improvement, designed specifically to address complex processes that are unique to organizations. Metastorm’s 1200+ global client base in manufacturing, retail, financial services, business services, healthcare and government are achieving rapid ROI and Enterprise Process Advantage® in customer service, supply chain operations, risk management, and internal operations. For more information visit www.metastorm.com.
Copyright 2006, Metastorm, Inc. All rights reserved. Metastorm BPM and Enterprise Process Advantage are either trademarks or registered trademarks of Metastorm, Inc. Other product, service and company names mentioned herein are for identification purposes only and may be trademarks of their respective owners.
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