
Savvion Kicks Off 2009 with Sixth Consecutive Profitable Quarter
Apr 27, 2009
The Expansion of Global Business Contributes to Growth
SANTA CLARA, Calif. — April 27, 2009— Savvion®, the trailblazing business process management (BPM) company, announced today that it has posted profits for the fiscal quarter ending March 31, 2009 exceeding expectations on license revenue and profit. Savvion operates on a calendar fiscal year and has been profitable for the past six consecutive quarters.
In the first quarter of 2009, Savvion achieved higher-than-projected license revenue growth beating planned operating profits and continued the steady upward trend over the past year. The quarter saw an expansion of existing customer licenses as Savvion focused on expanding strategic relationships with its installed base.
During the quarter 32 percent of new license deals came from outside the US as the company extended its global reach. These customers represented a wide range of industries including financial services, insurance, outsourcing, healthcare and communications, with especially strong growth in the manufacturing and oil and gas sectors.
New products introduced in 2008 included BusinessExpert, Communications Domain Foundation and Business Rules Management System, which are gaining traction with new customers. “Savvion is one of the early pioneers of BPMS and has been leading innovation in the field throughout their lifetime” said Simon Holloway, practice leader, Process Management and RFID with Bloor Research. “Savvion’s Vertical Expansion strategy has seen them announce in October 2008, the Communications Order Management Solution (COMS). This business framework leverages Savvion’s track record of building order management solutions for many of the world’s leading communications companies.”
Customers are relying on Savvion to quickly deploy agile solutions that meet the needs of today’s dynamic environment. Savvion’s comprehensive enterprise-class BPMS and vertical domain foundations are key to ensuring investments customers make to improve their businesses can provide high returns.
“With the global economy still in trouble, companies are trying to remain efficient, competitive and wisely invested,” said Dr. M.A. Ketabchi, President, CEO and Founder of Savvion. “Our customers have the confidence to meet these challenges with us, knowing they are investing in the best BPM technology and solutions on the market.”
About Savvion
More than 300 of the world’s top-performing companies, including 24 of the Fortune 100, choose Savvion to operate more productively and profitably. As the business process management trailblazer, Savvion moves enterprises beyond ordinary BPM with groundbreaking business-critical software solutions and services that make them more competitive and cost-efficient, including a return on investment as high as 300%. Savvion has a proven track record for turning process improvement ideas into real-world solutions within 30 days. Headquartered in Santa Clara, California, Savvion can be reached at www.savvion.com or 888-544-5511.
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The Savvion logo, Savvion, and Savvion BusinessManager, BusinessExpert, Communications Domain Foundation and Business Rules Management System are trademarks or registered trademarks of Savvion, Inc. All other trademarks mentioned herein are the property of their respective owners.
Ajay Khanna
Savvion
408-330-3491
Steve Kleine
Spiralgroup
213-596-6253 ext. 704
