News from Metastorm (Not rated) 16-Oct-07 10:00 am Metastorm Leadership in UK Legal Industry Continues
Law Firms Continue to Standardize on Metastorm’s Business Process Management Software Suite
LONDON, UK – October 16, 2007 – Metastorm, a leading provider of Business Process Management (BPM), Business Process Analysis (BPA), and Enterprise Architecture (EA) software for aligning strategy with execution, today announced its continued legal industry dominance in the UK. Over 170 law firms around the world are leveraging the Metastorm BPM® software to help maintain and acquire clients, maximize billable work, lower risk and liability, achieve process consistency, and tie together silo processes and systems.
“Metastorm is a solid company that has proven its commitment and success in the legal industry. It also has wide business experience, which was important to us when selecting a BPM vendor,” stated Nathan Hayes, Head of Infrastructure and Technology at Osborne Clarke. “Metastorm BPM enables us to create more streamlined business processes that improve efficiency and billable productivity. It also allows our processes to flow continuously by feeding into our other key systems and applications. We already have a list of over 25 processes to automate.”
The Metastorm BPM suite has proven to be the solution of choice for the top law firms in the world, including Osborne Clarke, one of Europe's most respected and dynamic law firms. Osborne Clarke selected Metastorm earlier this year and is currently implementing Metastorm BPM as the standard across the firm for automating the critical processes that run its business.
Osborne Clarke is building automation that will be repeatable and enforceable firm-wide. In addition, it will be extending the value of Metastorm BPM with wireless connectivity to Blackberry handheld devices to maximize the productivity of its fee earners while at the same time ensuring timely response to critical matter reviews. Metastorm BPM will also be tightly integrated with the firm’s Thomson Elite practice management system and Interwoven for document management.
Metastorm’s accomplishments have been proven time and again in numerous UK law firms, including Allen & Overy, Eversheds, Freshfields Bruckhaus Deringer, Linklaters, Martineau Johnson, Pannone, Shoosmiths, and Wragge & Co. New firms added to Metastorm’s growing legal portfolio this year include Addleshaws Goddard, Cameron McKenna, Osborne Clarke, and SJ Berwin. Results reported by existing customers include improved response times, better client relations, easier workload management, uniform processes, lower costs, less risk, increased lawyer productivity, faster time to revenue and centralized, reuse of existing data, systems and technologies through seamless integration.
“Metastorm has maintained its leadership in the legal market as our BPM technology is steadily in demand. We have already achieved successful deployments around the world and are extremely proud of our customer’s accomplishments,” stated Robin Martin, vice president of International Operations for Metastorm. “It is these successes that validate our ability to solve firm-wide BPM problems for legal organizations both large and small. Metastorm is pleased to be the solution of choice for so many firms and we look forward to many more successes.”
Sentiment : Strong Buy
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Re: News from Metastorm (Not rated) 16-Oct-07 10:01 am Addition to the last posting:
Metastorm BPM remains the top choice for law firms undertaking business process management initiatives, due to its:
Large law firm customer base and regional user communities for networking;
Proven effectiveness and results (see law firm success stories online at www.metastorm.com/customers);
Packaged Process Pod™ framework to accelerate the deployment of a firm’s New Client Matter Intake processes;
Extensive global partnerships with legal industry leaders such as Thomson Elite and Tikit;
Packaged Process Pod™ connectors for easy integration to all of the top document and records management systems, including Interwoven, OpenText/Hummingbird, Meridio, CA/MDY, and Documentum;
Complete BPM Suite including modeling, automation, integration, analysis, and simulation software for ongoing process improvement. The Metastorm BPM Suite is recognized as one of the top BPM suites in the world by Gartner, Forrester, and Butler.
Sentiment : Strong Buy
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Re: News from Metastorm (Not rated) 16-Oct-07 10:04 am Metastorm Named to Software 500
Software Magazine Ranks Metastorm as one of the World’s Largest Software Companies
BALTIMORE, MD – October 10, 2007 – Metastorm, a leading provider of Business Process Management (BPM), Business Process Analysis (BPA), and Enterprise Architecture (EA) software for aligning strategy with execution, today announced its inclusion on Software Magazine’s Software 500 ranking, now in its 25th year. Each year, Software Magazine ranks the world’s foremost software and services providers, published as an online catalog.
“We are delighted to be ranked among the most prestigious software companies in the world,” stated Robert Farrell, chairman and CEO of Metastorm. “Metastorm’s inclusion in the Software 500 illustrates our continued commitment to providing our worldwide customers with the most robust and comprehensive solutions in our market. We are very proud to have helped so many companies drive value and deliver results which in turn have helped us get to where we are today.”
Metastorm has maintained leadership in a highly competitive BPM software market, while at the same time delivering above-market revenue growth and profitability on a repeated basis. In addition, Metastorm has made strategic M&A moves to increase the depth and breadth of its offering as well as increase its industry expertise. Recent acquisitions include CommerceQuest in 2005 and Proforma Corporation in 2007 – the latter of which allowed the company to expand its product portfolio to offer robust, best-of-breed Enterprise Architecture and Business Process Analysis solutions that complement its enterprise-scale BPM Suite.
The Software 500 is a revenue-based ranking of the world’s largest software and services suppliers targeting medium to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing. The ranking is based on total worldwide software and services revenue for 2006. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting.
“The 2007 Software 500 results show that growth in the software and services industry was healthy from 2006 to 2007, the ranking year,” says John P. Desmond, editor of Software Magazine and Softwaremag.com. “The Software 500 helps CIOs, senior IT managers and IT staff research and create the short list of business partners. It is a quick reference of vendor viability. That is content of value.”
About Metastorm
With a focus on enterprise visibility, optimization, and agility, Metastorm offers market-leading solutions for Enterprise Architecture (EA), Business Process Analysis & Modeling (BPA) and Business Process Management (BPM). As an integrated product portfolio, Metastorm Enterprise™ allows organizations to maximize business results by unifying strategy, analysis and execution. Metastorm is the only solution provider to bring together these critical disciplines on a single software platform to enable an understanding of enterprise architecture and strategy, accurate impact and opportunity assessment, effective process execution, and accelerated value realization for organizations worldwide.
Sentiment : Strong Buy
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Re: News from Metastorm (Not rated) 16-Oct-07 10:13 am Metastorm and the Government
Metastorm Releases New BPM Process Pod® for Government
Process Framework Enhances Citizen Services, Leverages Wireless Technology
BALTIMORE, MD – October 9, 2007 – Metastorm, a leading provider of Business Process Management (BPM), Business Process Analysis (BPA), and Enterprise Architecture (EA) software for aligning strategy with execution, today announced the availability of a Problem Report Verification Process Pod for the government industry. The Metastorm Process Pod for Problem Report Verification is a packaged solution framework that when deployed on the Metastorm BPM® software suite enables government agencies to electronically collect citizen-reported incidents, determine legitimacy, and dispatch resources for repair.
“As a long standing Metastorm customer, we are extremely supportive of the company’s initiatives that enable us to more quickly and easily automate our processes. We have already automated a number of our key processes and most recently developed one for our Master Address Database which will tie into our GIS system,” stated Patrick Frantz, I.S. Supervisor, Application Support and Development, The City of Winston-Salem. “Metastorm has a lot of experience in the government industry and we commend their proactive initiatives in developing ways to help its customers accelerate their deployments. This new solution framework will be a great help to local government agencies that need automation and want to jump start their deployment and see results more quickly.”
The use of Metastorm BPM is prevalent in federal, central, and local governments throughout the world for a variety of process management initiatives including citizen service, compliance, paperless e-government, logistics management, and overall efficiency. The Problem Report Verification Process Pod adds to Metastorm’s existing library of Process Pod solution offerings, which include both vertical and horizontal business applications as well as technical connector offerings that assist commercial and government organizations with deploying BPM initiatives quickly and successfully within existing IT infrastructures.
This most recent Process Pod enables government agencies to automate all of the activities related to receiving, verifying, managing and responding to reports issued by citizens and other constituents. By incorporating Google maps and a Blackberry mobile interface for remote verification, the Metastorm Process Pod allows government agencies to realize immediate benefits, including providing faster response times to citizens, delivering better quality service, encouraging and empowering citizens to be proactively involved in local government issues, and more effectively utilizing resources.
Sentiment : Strong Buy
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Re: News from Metastorm (Not rated) 16-Oct-07 10:14 am Additional to Metastorm and the Government (Continue of my last posting):
The Metastorm Report Verification Process Pod functionality includes:
Ability for citizens to report problems to local government officials online;
Incorporation of Google maps that allow government employees to review report data and perform first-pass validation of the problem location;
Automatic dispatch of a repair technician following verification of valid problem;
A pre-built user interface for Blackberry devices that enables field technicians to find the problem location for quick and easy inspection; triage the problem to define urgency; and submit corrected locations and updated problem data back to the government office;
Configurable administration forms that allow each government agency or department to tailor the solution and data entry to its unique needs.
“Metastorm’s software has had a significant positive effect on many government organizations worldwide, and the new Process Pod for Report Verification adds to our growing list of packaged solution frameworks that enable customers to accelerate process improvements,” stated Greg Carter, vice president of development and CTO for Metastorm. “This new Pod allows citizens to benefit from higher quality response while at the same time allowing government agencies to benefit from more effective process management, better resource utilization, and more accurate information.”
For more information about the Report Verification Process Pod, visit the demo at www.metastorm.com/solutions/tmpp....
About Metastorm
With a focus on enterprise visibility, optimization, and agility, Metastorm offers market-leading solutions for Enterprise Architecture (EA), Business Process Analysis & Modeling (BPA) and Business Process Management (BPM). As an integrated product portfolio, Metastorm Enterprise™ allows organizations to maximize business results by unifying strategy, analysis and execution. Metastorm is the only solution provider to bring together these critical disciplines on a single software platform to enable an understanding of enterprise architecture and strategy, accurate impact and opportunity assessment, effective process execution, and accelerated value realization for organizations worldwide. For more information on powering strategic advantage with Metastorm Enterprise, visit www.metastorm.com.
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Re: News from Metastorm (Not rated) 16-Oct-07 10:17 am IPO of Metastorm in near
The numbers for an ipo are excellent. By the aquisition of Proforma through Metastorm 6 weeks ago we could read:
"The combined company will have 2,600 customers, mostly in the United States but with a significant portion in Europe, and annual revenue of $72 million, Farrell said. Metastorm hopes to increase that to $100 million next year and do an initial public offering if the market conditions are right, he said. Both companies are profitable today, Farrell said."
Most important: high growth-rate of revenues = near 40% and high profitability
The multiple on the base of the revenues of 2007 will be between 6-times-revenues and 8-times-revenues. That is an ipo-market-cap between 430 and 560 million.
Only the CEO of Internet Capital, Buckley, and his gang are fighting against this ipo, because the must pay after a jump of the share-price after the ipo more for shares from options. I believe, the SEC should look after criminals, who dump the share-price for this reason.
Sentiment : Strong Buy