May 21, 2008
SANTA CLARA, Calif. — May 21, 2008 — Savvion®, the software industry’s leading business process management (BPM) company, today announced that it has achieved record license revenue growth and profitability for the first quarter of 2008, driving several executive appointments and further innovations in BPM and Business Solutions.
Higher than expected revenue growth in the first quarter of 2008 mirrored the steady climb seen in the fourth quarter of 2007, helping Savvion to beat planned operating profits in each quarter.
Savvion expanded its large installed base both nationally and internationally in the last two quarters by signing over 35 license deals with new and existing customers including customers in the US, Canada, South America, Europe, India and the Asia Pacific region. The company added new customers in the financial services, telecommunications, IT services, manufacturing, and health care industries, and also expanded its footprint within many existing customers. Savvion’s professional services organization also saw continued growth from existing clients.
“New customer acquisitions and license extensions by many of our existing customers is a tribute to the success that companies experience with Savvion BPM,” said Dr. M.A. Ketabchi, President, CEO, and Founder of Savvion. “Our customers regularly exceed their expected ROI while streamlining and improving their businesses, creating a more productive workforce and building a competitive advantage in the marketplace.”
As a pioneer in BPM back in 1994, Savvion Founder Dr. Ketabchi was one of the first to recognize the potential of BPM for improving the efficiencies in a myriad of business organizations. Dr. Ketabchi is again redefining BPM by leading the company to develop new product components and take a new approach to utilize BPM in delivering business solutions to the market.
Dr. Ketabchi stated, “The time has come for us to revisit BPM assumptions and approaches and to review the evolution of the BPM market and its technologies over the past nine years, since the release of the first version of Savvion’s BPM product. Such a critical rethinking of BPM will surely reveal new ideas, and approaches to helping companies achieve the promise of BPM faster and better.”
To bring this new approach to market, Savvion restructured and expanded its executive team in the first quarter of 2008:
- Founder Dr. M.A. Ketabchi has again taken the helm as President and CEO of Savvion.
- David Yehle, who ran the Western Region and Telecommunications verticals at Savvion for more than four years, now leads Savvion’s Worldwide Direct Sales force as Senior Vice President of Sales.
- Rod Squires, who joined Savvion in 2004 as the Vice President of Sales for the Eastern Region, leads Savvion’s rapidly growing list of worldwide resellers, implementation and strategic partners as Senior Vice President of Channel Sales.
- Ling Gee has joined Savvion as Vice President of Business Development and Strategic Marketing. Prior to Savvion, Ms. Gee worked for Amdocs where she led development of consulting standards, and led a wide variety of strategic marketing efforts.
- Dr. Phanendra Garimella, who has been leading Savvion’s long tenured innovative development team for the past seven years, has taken broader technical responsibility as Senior Vice President of Engineering.
- Pejman Makhfi, rejoined Savvion as Vice President of Business Solutions. Mr. Makhfi was one of the original members of Savvion’s research and development team, a post he held for more than four years. During his leave from Savvion he was the CTO and co-founder of two successful financial services companies.
In addition, the company announced two vice president appointments from within its ranks:
- Jamie Engesser, promoted to Vice President of System Engineering, has been with Savvion for over four years and most recently led the company’s system engineering team in the western region.
- Balakrishnan Majarajapuram has been promoted to Vice President of Customer Support and Advocacy. Bala has been with Savvion for over 10 years and was recently responsible for the customer support teams in the US and India.
“Our organization consists of very talented individuals who have been with the company for years, and as a result, has the extensive experience needed to help our customers deploy BPM successfully,” said Dr. Ketabchi. “Together, we have led BPM innovations for years and will continue the tradition through 2008 and beyond. Our financial strengths and profitability will enable us to launch new strategic initiatives more aggressively in coming quarters and to maintain our accelerated growth.”
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. 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, Savvion can be reached at www.savvion.com or 888-544-5511.
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