Metastorm said as a result of the merger it will become the largest pure-play BPM software provider in the world, doubling its current revenues and now boasting over 1,200 customers in 41 countries – around 750 of those are from the Metastorm side. The new company will retain the name Metastorm.
Metastorm said it has been more focused on human-based BPM, whereas CommerceQuest has been targeting process driven, service oriented integration. Putting the two together will provide customers with a suite for business process improvement initiatives, spanning both Unix/Java and .Net operating platforms, according to the companies.
The two did formerly compete with one another for deals though, with evidence of that competition not least being the news in September 2004 that CommerceQuest had snagged two former Metastorm executives, Kim Lewin and Andy Bailey, who joined as senior vice president of EMEA and vice president of EMEA marketing respectively.
Our strategies are 100 percent aligned and we are well positioned to be the breakaway vendor in the BPM market, said Bob Farrell, president and CEO of Metastorm. Proven process and integration technology, J2EE innovation, high profile distribution channels, complementary industry coverage, and highly skilled resources make CommerceQuest the perfect match for Metastorm and will expand the breadth and depth of our company to meet the complete spectrum of enterprise business process management needs facing organizations today.
Bob Farrell will continue to serve as president and CEO of Metastorm. The current CEO of CommerceQuest, Mike Forster, will join the Metastorm board. Metastorm said as part of the transaction it has secured additional funding from its investors.
Competition in the BPM space comes from the likes FileNet, Pegasystems, IBM, Tibco, Fuego, Savvion, Lombardi, Intalio, and many more.
