Metastorm Achieves Record Performance in Q4 and 2002.Business Editors/High-Tech Writers COLUMBIA, Md.--(BUSINESS WIRE)--Jan. 31, 2003 Business Process Management (BPM) software leader Metastorm today reported impressive fourth quarter results with 61 percent growth in revenue over Q4 2001, an increase the company credited to the continuing demand for its BPM solutions in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe. License, service and maintenance revenue for the year arrived on target at a 39 percent year over year growth rate. Along with the growth in revenue, additions in the number of brand-name customers reflect Metastorm's position as an established leader in the BPM space. The company added 145 companies to its portfolio, including several premier enterprise customers such as ABN Amro ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) , Clarks Companies, Eversheds, Freshfields, Iron Mountain, London Underground The London Underground is an underground railway system - also known as a rapid transit system - that serves a large part of Greater London, United Kingdom and some neighbouring areas. It is the world's oldest underground system, and is one of the longest in terms of route length. , City of Norfolk, UK Home Office, Unilever and the U.S. Small Business Administration. "Our strong 4th quarter performance demonstrates our solid operating model and proven BPM software solutions that deliver rapid results for enterprise-level deployments," says Robert Farrell, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Industry analysts and the marketplace continue to focus on Metastorm as the vendor who has delivered a robust BPM platform for real business process challenges in our targeted verticals - Manufacturing, Retail and Distribution (MRD MRD or mrd abbr. minimal reacting dose ), Financial Services, Business Services, Government and Education." About Metastorm, Inc. Metastorm (www.metastorm.com) is the leading provider of applied Business Process Management (BPM) solutions to global 2,000 companies. Flexible, scalable and compatible with legacy systems, these vertical solutions empower business-level users to optimize sophisticated end-to-end business processes across the extended enterprise with near-immediate and trackable ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). . Headquartered in the U.S. and with offices in Europe, Metastorm has hundreds of customers with thousands of users. |
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