Savvion Announces Record 2006 and Extends Leadership in Business Process Management Market

Business Wire, Feb 6, 2007

Closes Top Quarter in Company History, Grows 100 Percent Year-on-Year

SANTA CLARA, Calif. -- Savvion([R]), the industry's leading business process management (BPM) company, announced another record year of growth in 2006. Savvion doubled its BPM business in 2006, continuing its four-year track record of triple digit growth. The company achieved record bookings and revenue in Q4 2006, growing 270 percent as compared to the same period in 2005. Q406 now stands as the strongest quarter in company history, with growth in all major metrics, improved profitability, and the execution of two multi-million dollar transactions in the quarter.

Savvion added new customers across key industries in 2006, including the communications, energy, healthcare, manufacturing, logistics, publishing, and technology markets. Savvion also grew across all geographies in 2006, closing deals in Asia Pacific, Europe, North America, and India. Savvion continued to expand its portfolio of more than 300 industry leading companies and captured market share internationally.

"Savvion not only exceeded the revenue target but also over achieved all financial metrics in 2006, increasing our leadership in the BPM market," said Shawn Price, president and CEO of Savvion. "Our growth and the growth of process management in all geographies and industries in 2006 proves again that customers want to buy and partners want to align with the leader in the market. Savvion is best positioned to help customers begin this journey toward process excellence by enabling organizations to move rapidly from the first process to enterprise deployments and business process outsourcing."

2006 Product Innovation

Savvion introduced Savvion BusinessManager [TM] 7.0, the latest version of its award-winning business process management suite (BPMS). Savvion BusinessManager 7.0 is the easiest way for everyone in the organization to create, manage, and optimize business processes across the entire lifecycle -- from the birth of an idea, through process creation, to the eventual outsourcing of the process for maximum cost savings. Savvion BusinessManager is enjoying widespread adoption among new and repeat customers and its success is expected to drive record revenue in Q107.

2006 Customer Success

Savvion expanded its premier customer base and position as a market leader in BPM with many new customers including ADP, Anacomp, Apria Healthcare, Assurant, the County of San Diego, Direct Energy, EZD Global, Goodman Manufacturing, Hansol Telecom, HanWha S&C Co. Ltd., Harcourt Assessment, Korea Investment & Securities Co., Ltd., Level 3 Communications, MoneyGram, New York ISO, NVIDIA, Penske Truck Leasing, and Southwest Airlines. In addition, existing customers such as Bell Canada, Capital One, General Motors, Grandi Stazioni, Johnson & Johnson, Micron Technologies, Seagate, and TDC continued to expand current enterprise implementations and extend Savvion throughout their organizations to manage mission critical processes. As a result, Savvion has achieved a maintenance renewal rate of more than 90% for the third consecutive year, and has become the BPM standard in large organizations by helping them move from an initial rapid deployment of a single process, to hundreds of processes deployed across the business.

2006 Strategic Alliances

Savvion built on its strong partnership program, which includes alliances with global systems integrators (SI), independent software vendors (ISV) and OEM partnerships to share expertise and best practice with clients and to accelerate the deployment of solutions. In 2006, Savvion entered into many new strategic alliances, including agreements with BoldTech Systems, Computer Sciences Corporation (CSC), Kernel Technologies, Patni Computer Systems Ltd., and Tata Consultancy Services to its growing partner base.

2006 Industry Recognition

Savvion was named a BPM leader in the February 2006 Forrester Wave[TM] report, titled "Human-Centric Business Process Management Suites, Q1 2006." Savvion was among a select group of companies invited to participate in this report, which evaluates BPM vendors based on their current product offering, strategy, and overall market presence.

Savvion is also positioned in the Leaders quadrant in Gartner Inc.'s Magic Quadrant for Business Process Management Suites, 2006, co-authored by Janelle Hill and Jim Sinur, and published on June 28, 2006. According to Gartner, "Leaders" are vendors who are performing well today, have a clear vision of market direction, and are actively building competencies to sustain their leadership position in the market.

Intelligent Enterprise named Savvion one of the most influential companies in information technology. In 2006, Savvion was named to the "Intelligent Enterprise Dozen" list. The list highlights companies doing the most to help customers build and manage intelligent enterprises to improve business performance. Savvion is the only BPM vendor on the list and is ranked among the elite on the strength of its products.