Business Services Industry
Savvion Recognized in Deloitte's Technology Fast 50 Program for Silicon Valley Software & Information Technology Companies
Business Wire, Oct 9, 2007
Savvion BusinessManager 7.0 Drives Company Growth and BPM Leadership
SANTA CLARA, Calif. -- Savvion([R]), the industry's leading business process management (BPM) company, today announced the company has been named to Deloitte's prestigious Technology Fast 50 Program for Silicon Valley, a ranking of the fastest growing technology, media, telecommunications, and life sciences companies in the region by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2002-2006.
"Deloitte's Silicon Valley Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment," said Mark Jensen, partner and national director, Venture Capital Services, Deloitte & Touche LLP. "We applaud the successes of Savvion and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in Silicon Valley, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Savvion is the pioneer and leader in business process management (BPM) and provides software and services to the world's largest and most respected organizations to better create, manage and optimize their core business processes. BPM solutions help organizations improve agility, reduce operational costs, and improve processes across departmental lines. Savvion's comprehensive BPM software suite, Savvion BusinessManager[TM] 7.0 brings people with different skills and from different parts of the business together to collaborate daily on process improvement initiatives. The Business Manager platform facilitates enterprise rollout of process-driven solutions, which drive out cost and increase business flexibility.
"Savvion has a continued commitment to technology innovation and leadership in business process management," said Shawn Price, president and CEO of Savvion. "At Savvion, we believe no business is operating at top efficiency without the most strategic business processes mapped out and in place. Our growth in all geographies continues to reaffirm our belief that business process management throughout the enterprise is a requirement for organizational success. The need for BPM is rapidly circling the globe, and Savvion is leading the way."
"I am very pleased that Savvion has been named to the Silicon Valley Technology Fast 50," said Dr. Mohammed Ketabchi, founder and CTO, Savvion. "Savvion is laser-focused on execution of our strategy and our unwavering commitment to the success of our customers and partners. This award is further evidence that the BPM market has arrived and by every meaningful metric, Savvion is the enterprise leader in BPM."
Companies from the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
This year's Silicon Valley Technology Fast 50 program is co-presented by Deloitte & Touche USA LLP and Silicon Valley Bank, Cooley Godward Kronish LLP, Korn/Ferry International, and Woodruff-Sawyer & Co.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
About Savvion
Savvion is the leading provider of business process management (BPM) software that improves business performance and reduces costs. Savvion has a proven track record of turning process improvement ideas into real-world solutions quickly, often in as few as 30 days, and delivering a return on investment as high as 300%. More than 300 global business enterprises, public service agencies, and systems integration firms, including 20 of the Fortune 100, use Savvion systems to manage their business. Savvion is recognized by Intelligent Enterprise as one of the most influential companies in information technology today, and is a Leader in the Forrester Wave for BPM. To start down the path of process improvement, download the Savvion Process Modeler available for free at www.savvion.com/startnow. Or visit the Savvion ProcessXchange, where people can connect with a community of interest devoted to business process management, at www.processxchange.com.
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