Business Services Industry
Lombardi Software Listed in the `Visionary' Quadrant in 2004 Business Process Management Magic Quadrant
Business Wire, July 20, 2004
AUSTIN, Texas -- Leading research firm evaluates vision, ability to innovate and execute in Business Process Management Magic Quadrant
Lombardi Software, the developer of TeamWorks(R), an award-winning business process management (BPM) solution, announced that it has been listed in the "visionary" quadrant on Gartner, Inc.'s Magic Quadrant for pure-play BPM vendors. Inclusion in the report, in the "visionary" quadrant, indicates vendor viability and completeness of vision regarding the requirements for success in the demanding BPM industry.
"Our consideration of vision includes an assessment of how well each vendor's management team understands the technical and marketing issues, as well as its ability to innovate, differentiate its products and grow its business," notes Sinur, in his report. "The prospects for a vendor and its customers will be strongly affected by its strength of vision."
"We feel Lombardi Software's presence in the visionary quadrant confirms our strong market momentum and unique product vision," said Rod Favaron, president and chief executive officer of Lombardi Software. "Our distinctive approach to process automation and execution by using continuous process improvement has allowed us to be a fast mover in the BPM space."
Lombardi's BPM software, TeamWorks, is specifically designed for Continuous Process Improvement, a unique approach to BPM that focuses on managing processes and easily adapting to business changes. Organizations using TeamWorks can increase visibility into core operational processes, allowing for quick response to mission-critical issues in real-time and, therefore, improve process inefficiencies that, when not addressed, cost millions of dollars each year in lost revenue, margin and operating expenses.
The Magic Quadrant is a "snapshot" of the pure-play vendors in the BPM market. The quadrant includes 50 software vendors that support the functionality of business process automation.
Inclusion in the 2004 Magic Quadrant follows several important Lombardi Software milestones, including the recent back-to-back Product of the Year Awards from Transform Magazine. For more information, visit www.lombardisoftware.com.
About Lombardi Software
Based in Austin, Texas, Lombardi Software is the developer of TeamWorks(R), an award-winning business process management (BPM) software. By providing ongoing visibility into operational processes, and by increasing the velocity with which they can respond to mission-critical events, Lombardi helps businesses such as Dell, Wells Fargo, Hasbro, Shell, Pulte Mortgage and Lockheed Martin create new efficiencies and improve profitability, further increasing their value through continuous process improvement. Key processes benefiting from Lombardi's BPM solutions include: mortgage loan processing, customer order management, supplier management, purchase order management, inventory management, product distribution, customer service, financial/treasury management and regulatory management. For more information please visit www.lombardisoftware.com.
Zero-Code ScoreBoards and Continuous Process Improvement are trademarks and Lombardi Software and TeamWorks are registered trademarks of Lombardi Software, Inc.
The Magic Quadrant is copyrighted June 2004 (by Gartner, Inc. and is reused with permission.) The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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