SOURCE: Savvion

January 19, 2006 09:00 ET

Savvion Announces Record 2005 and Triples Revenue in Last Three Years

Free Savvion Process Modeler, Innovative Products, and Rapid Deployments Drive BPM Adoption

SANTA CLARA, CA -- (MARKET WIRE) -- January 19, 2006 -- Savvion®, Inc., the industry's leading business process management (BPM) company, today announced that it has tripled revenue growth in the last three years following a record year in 2005.

"2005 was a banner year for Savvion. Our success is evidenced by the fact that since January 2003 to date, we have tripled our quarterly revenue run rate," said Shawn Price, Savvion President and CEO. "Customers see the benefits of deploying our products immediately. Savvion BPM deploys rapidly, moving from initial models to full deployment in anywhere from two weeks to 90 days, and what that ultimately means is businesses start seeing a return on investment the very same quarter they purchase our solutions. Our products are easy to deploy, simple to understand, and we enable our customers to see immediate impact by better management of their processes."

Savvion expanded its global customer base in 2005 with deals in Asia Pacific, Europe, and North America. Some of the new customers include American Data Exchange Corporation, Boeing, Capital One, General Electric, General Motors (Vauxhal), Intuit, King Fahd University, Motorola, Perpetual Mutual Funds, Seiko Instruments, Sony Pictures Entertainment, and Telecom Denmark. Currently, 230 customers of the Fortune 1000, 20 of the Fortune 150, and 2 of the Fortune 10 are Savvion customers. Savvion continues to enable process excellence with current customers including Sprint, Johnson & Johnson, and Sun Microsystems and as a result Savvion has achieved a maintenance renewal rate of more than 90%. Savvion has become the BPM standard in large organizations by helping them go from an initial rapid deployment of a single process, to hundreds of processes deployed across the enterprise.

The Savvion focus on partnerships includes 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 2005 partners were responsible for more than 10% of Savvion's revenue and the company established new partnership agreements with BearingPoint, Business Objects, BusinessEdge Solutions, CD Group, Cognos, Compliance 11, Computer Sciences Corporation, Satyam Computer Services, and Wipro. In addition, i2 renewed its long-standing partnership agreement with Savvion.

In 2005 the company offered the Savvion Process Modeler™ as a free download, allowing anyone an easy-to-use interface for designing, simulating and documenting business processes prior to deployment. To date, the company has had more than 25,000 Modeler downloads that are being utilized by more than 5,000 companies around the world. In conjunction with Savvion BusinessManager™, Savvion enables organizations to build business process applications within an infrastructure that controls business operations, generates real-time online reports and analytics, and integrates with pre-existing applications across an enterprise.

Savvion also delivered Business Process Asset Manager in 2005, which is specifically designed to meet the growing demand for business process modeling necessitated by recent regulatory compliance requirements and a resurgence of business innovation. Savvion Process Asset Manager is part of Savvion's long-term business strategy to enable enterprise customers to develop, capture, and continuously share and improve their own best practices.

A recent research report issued by InformationWeek, a leading IT publication, polled 300 business technology professionals on the business priorities for IT spending for the first quarter of 2006, and BPM was rated number one. 67% of the respondents indicated that simplification and optimization of business processes as the top business priority. The explosive growth of the BPM market is expected to continue, and Savvion executives predict another record year in 2006 as customers continue to rapidly deploy its BPM solutions to achieve the lowest possible total cost of ownership.

"The difference between market leaders and other companies is their ability to turn process into a competitive weapon by enabling collaboration, accountability, and repeatability of best practices through every fiber of their organization," said Price. "To do that, they need process management solutions that are easy to use, fast to deploy, and produce measurable ROI. We have a consistent track record of helping our customers develop process excellence and our success is reflected in our tremendous business results."

About Savvion

Savvion develops business process management (BPM) software that improves business performance and reduces costs within and across functional business units. Savvion's lifecycle approach can bring process improvement initiatives on-line in less than 90 days while delivering a 200% - 300% return on investment. Over 200 global business enterprises, public service agencies, and systems integration firms, including 20 of the Fortune 100, use Savvion systems to manage their business, from workgroup to enterprise, in real-time. Headquartered in Santa Clara, 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.

Contact Information

  • Press Contact:
    Sherry Lowe
    Corporate Communications
    Savvion, Inc.
    Email Contact
    408-330-3483