Savvion Announces Record 2006 and Extends Leadership in Business Process Management Market.Closes Top Quarter in Company History, Grows 100 Percent Year-on-Year SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , 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 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 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 Shawn Price (born March 28, 1970 in Van Nuys, California) was an American football defensive end in the NFL for the Tampa Bay Buccaneers, Carolina Panthers, Buffalo Bills, and San Diego Chargers. He played college football at the University of the Pacific. , 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. 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 Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in ." 2006 Product Innovation Savvion introduced Savvion BusinessManager [TM] 7.0, the latest version of its award-winning business process management suite (BPMS (Business Process Management Suite or System) See BPM. ). 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 (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. , Anacomp, Apria Healthcare, Assurant, the County of San Diego, Direct Energy, EZD (graphics, tool) ezd - (Easy drawing) A graphics server that sits between an application program and an X server and allows both existing and new programs easy access to structured graphics. Global, Goodman Manufacturing, Hansol Telecom, HanWha S&C Co. Ltd., Harcourt Assessment, Korea Investment & Securities Co., Ltd., Level 3 Communications
Level 3 Communications NASDAQ: LVLT is a communications and information services company headquartered in Broomfield, Colorado, USA. , MoneyGram, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. , NVIDIA, Penske Truck Leasing Penske Truck Leasing Co., L.P., headquartered in Reading, Pa., is a joint venture of Penske Corporation and General Electric. A global transportation services provider, Penske operates over 216,000 vehicles and serves customers from more than 1,000 locations in North America, South , and Southwest Airlines. In addition, existing customers such as Bell Canada, Capital One, General Motors, Grandi Stazioni, Johnson & Johnson, Micron Technologies, Seagate, and TDC TDC Top Dead Center TDC Time-to-Digital Converter TDC Tabular Data Control TDC Total Development Cost TDC Texas Department of Corrections TDC The Discovery Channel TDC Torpedo Data Computer TDC Theater Deployable Communications 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 (Independent Software Vendor) A person or company that develops software. It implies an organization that specializes in software only and is not part of a computer systems or hardware manufacturer. ) and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and 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 Patni Computer Systems Ltd., is a provider of Information Technology services and business solutions. The company employs over 14,000 people, and has 23 international offices across the Americas, Europe and Asia-Pacific,as well as offshore development centers in 8 cities in India. Ltd., and Tata Consultancy Services Tata Consultancy Services Limited (TCS Limited company) is one of the world’s largest providers of information technology, consulting, services and business-process outsourcing which commenced operations in 1968. As of 2007, it is Asia's largest And India's No. 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. In addition, Savvion customer NETGEAR, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : NTGR), a worldwide provider of technologically advanced, branded networking products, was awarded the prestigious InfoWorld 100 Award for 2006. The annual award honors IT projects that demonstrate the most creative use of cutting-edge technologies to further their business goals. NETGEAR was honored for its Savvion BusinessManager deployment that has put an end to the paper trail and streamlined business processes across the company to improve operations. Teaching the World to Model In 2006 Savvion reached 75,000 downloads of the Savvion Process Modeler since it was made available for free at www.savvion.com/startnow. More than 5,000 requests come in each month for the Savvion Process Modeler, the easiest way for everyone in the organization to quickly and easily articulate and improve process. "Savvion was the first to offer a Process Modeler for free to everyone because we believe strongly in the importance of first mapping out the process problem before solving it," said Price. "Now our market position as a leader is validated by the more than 75,000 downloads of Savvion Process Modeler. We believe the Savvion Process Modeler is the best way to learn how everyone works, then discover efficiencies within the business that translate directly to improvement and profitability." About Savvion Savvion is a 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. 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. Headquartered in Santa Clara, California Santa Clara, California (IPA: /ˌsæntəˈklærə/) , founded in 1777 and incorporated in 1852, is a city in Santa Clara County, in the U.S. state of California. , Savvion can be reached at www.savvion.com or 888-544-5511. The Savvion logo, Savvion, and Savvion BusinessManager are trademarks or registered trademarks of Savvion, Inc. All other trademarks mentioned herein are the property of their respective owners. * Magic Quadrant Disclaimer The Magic Quadrant is copyrighted June 2006 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 mer·chant·a·ble adj. Suitable for buying and selling; marketable. mer  chant·a·bil or fitness for a particular purpose.
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