a true Leader for its innovation around process design, optimization, and collaboration.
Austin, TX (PRWEB) January 28, 2008
Lombardi® (http://www.lombardi.com), a leader in business process management (BPM) software, today released highlights of its business performance for 2007. Fueled by its award-winning BPM product portfolio, the company had year-over-year revenue growth of 60 percent.
During 2007, Lombardi experienced growth in every aspect of its business. Some of the largest companies in the world turned to Lombardi for enterprise BPM, with Lombardi now having three of the Fortune 10 as direct customers. The company saw the breadth of its enterprise-class BPM customers expand across a wide variety of industries, including financial services, manufacturing, insurance, healthcare, domestic and international government agencies, automotive, logistics, retail, consumer packaged goods (CPG), energy, technology, and hospitality and leisure. 2007 was also a record year for expansion by existing customers, as successful projects led to additional license and services transactions for the company.
"I'm pleased with Lombardi's results in 2007," said Rod Favaron, chief executive officer at Lombardi. "We are executing on our strategy to build a global company that helps customers succeed with their process improvement initiatives. With a win-rate of nearly 80 percent for competitive deals throughout the year, we are clearly taking share in this market. And our reach continues to grow - we now have customers in more than 70 countries around the world, encompassing hundreds of thousands of users of our software."
Representative customer wins include Allianz Belgium, Banco Popular North America, Barclays Global Investors, Canadian Direct Insurance, Capital One, Chiquita Brands, Euler Hermes, European Metal Recycling, Ford Motor Company, Morley Fund Management, NACCO Materials Handling, National Institute of Health, Naval Sea Logistics Center, StubHub, and Travelocity.
Leading Product Innovation
During 2007, the company shipped two major product innovations. The first, Lombardi Blueprint™ (http://www.lombardi.com/bpm-blueprint-product.php), is an 'on-demand' process-documentation tool that is used to collaboratively map an organization's business processes, identify problems, and prioritize improvement opportunities. Delivered as Software as a Service (SaaS), Blueprint is the first BPM Web 2.0 application that allows customers to immediately begin mapping their processes without having to download or install any software. More than 1,850 companies became Blueprint customers in 2007, encompassing thousands of users worldwide.
The company also shipped a major new version of Teamworks®, Lombardi's BPM suite (http://www.lombardi.com/enterprise-bpm-software.php).
Teamworks 6 delivers the industry's first built-in Key Performance Indicator and Service Level Agreement instrumentation and monitoring system, allowing business users to take control of the specification and design of these important aspects of managing business processes. Along with upgrading its Teamworks for Microsoft Office product, Lombardi also introduced two new complementary products for the Teamworks family that further extend the reach of process management into the business to promote collaboration - Teamworks for Organization Management™, and Teamworks for SharePoint 2007™. Both of these products are industry firsts, and enable customers to extend the reach of BPM while maintaining control and security over their processes.
Because of its strengths in product innovation, Lombardi received numerous awards and accolades, including Teamworks 6 Enterprise Edition being named the "Best Business Process Management" product and recipient of a 2008 Technology of the Year Award by IDG's InfoWorld. The award may be viewed at http://www.infoworld.com/archives/t.jsp?N=s&V=94327.
"At Lombardi we are relentlessly focused on delivering innovative solutions to today's seemingly intractable business problems," said Phil Gilbert, president of Lombardi. "Our goal is, quite simply, to make the complex easy. We aim to help organizations double the productivity of their people. And we enable this for companies of all sizes, from start-ups to the largest companies in the world."
Clear BPM Market Leadership
In December 2007, Lombardi was positioned by Gartner, Inc. in the "Leaders" quadrant of the Magic Quadrant for Business Process Management Suites, 2007 report. Gartner positions vendors in the magic quadrant based on their completeness of vision and ability to execute. The company was also cited as a BPM suites leader by Forrester Research in its August 2007 published report, "The Forrester Wave™: Human-Centric BPM For Java Platforms, Q3 2007." In that report, Forrester wrote that Lombardi is a "truly visionary human-centric BPMS vendor" and is "a true Leader for its innovation around process design, optimization, and collaboration." Forrester also concluded during their evaluation that "It's impossible to find a single dissatisfied customer." Additionally, in November, IDC published a customer needs and strategies report entitled "Comprehensive Offering and Domain Expertise in BPM Lead Customers to Lombardi" in which Lombardi's comprehensive BPM offering, domain expertise and customer deployment successes were profiled.
More information, as well as complimentary copies of each report may be found at:
http://www.lombardi.com/gartner-magic-quadrant-07.php, http://www.lombardi.com/forrester-wave-07-sp.php and http://idcdocserv.com/209274.
During 2007, Lombardi added customers in over 60 countries. To help meet the rapidly growing demand for its process management platform in Europe, the company added 10 additional partners and resellers, located across seven countries. It also opened two new subsidiaries: Lombardi Software SARL based in Paris, and Lombardi Software GmbH based in Frankfurt. The company pointed to strong sales growth in Europe as a significant revenue contributor in 2007, providing nearly 30 percent of revenues.
A summary of Lombardi's results from 2007 includes the following:
- Year-over-year revenue grew 60 percent during 2007, with dozens of strategic customer wins and existing client deployment expansions, including three companies in the Fortune 10.
- Introduced Lombardi Blueprint™, the first on-demand collaborative process planning tool that enables companies to map processes, identify problems and prioritize improvement opportunities.
- Shipped Teamworks® 6, the next generation of Lombardi's award-winning BPM Suite, and introduced two new complementary products - Teamworks for Organization Management™, and Teamworks for SharePoint 2007™. It also upgraded Teamworks for Microsoft Office.
- Expanded global sales and support ecosystem, opening direct European operations as well as adding 10 additional partners and resellers located across seven countries.
- Announced major OEM and go-to-market partnerships with Capco, Enkata Technology and Progress Software.
- Continued to drive BPM industry thought-leadership by co-authoring the Object Management Group's (http://www.omg.org) Business Process Definition Metamodel (BPDM) standard specification to deliver BPM portability and interoperability, as well as OMG's Business Process Maturity Model (BPMM) standard specification.
Lombardi Teamworks (http://www.lombardi.com/enterprise-bpm-software.php) is the leading BPM software for designing, executing, and improving business processes. Teamworks for Office™ makes it easy for anyone to participate in business process management using the familiar Microsoft® Office System products. Teamworks for SharePoint extends structured processes into the collaborative world of SharePoint portals, forums and discussion threads. Teamworks for Organization Management provides advanced organization modeling for process relationships. Lombardi Blueprint™ (http://www.lombardi.com/bpm-blueprint-product.php) is the only on-demand, collaborative process documenting tool that enables companies to map processes, identify problems and prioritize improvement opportunities.
Lombardi is a leader in business process management (BPM) software for companies, systems integrators and government agencies. We offer award-winning BPM technology, know-how and services to help our customers succeed with their process improvement initiatives.
Lombardi is behind some of the largest, most successful BPM implementations in the world. Our customers include Allianz Group, Aflac, Banco Espirito Santo, Barclays Global Investors, Dell, El Paso Energy, FETAC, Financial Services Authority, Ford Motor Company, Hasbro, ING Direct, Intel, Maritz Travel, National Bank of Canada, National Institute of Health, Safety-Kleen, T-Mobile, UCLH, Xbridge and numerous governmental agencies. For more information, visit http://www.lombardi.com.
Lombardi, Teamworks are registered trademarks and Teamworks Process Optimizer, Teamworks Portal, Teamworks for Office, Teamworks for SharePoint, Teamworks for Organization Management and Lombardi Blueprint are trademarks of Lombardi Software, Inc. All other company/product names and service marks may be trademarks or registered trademarks of their respective companies.