| October
5, 2005
Metastorm and CommerceQuest Combine
to Emerge as Clear Leader in Business
Process Management Market
Companies Initiate First Consolidation
to Become the Largest Pure-Play BPM
Provider
COLUMBIA, MD – October 5, 2005
– Metastorm, a leading provider
of Business Process Management (BPM)
software for modeling, automating
and controlling processes, and CommerceQuest
Inc., a provider of scalable integration
and business process management solutions,
today announced a merger under the
Metastorm brand, clearly differentiating
Metastorm as the breakaway vendor
in the BPM marketplace. The combined
company will provide customers with
the innovation of a pure-play BPM
provider, the scale and stability
of a larger company, and the most
complete BPM software suite on the
market today. The expanded Metastorm
BPM® software suite will address
all human- and system-based process
challenges – regardless of platform,
scale, complexity, or existing infrastructure
– and delivers proven industry
solutions for roundtrip process improvement.
This powerful combination of two market
leaders is expected to create the
largest pure-play BPM software provider
worldwide with more than 1200 customers
in 41 countries.
“Our strategies are 100% aligned
and we are well positioned to be the
breakaway vendor in the BPM market,”
stated 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.”
Strategic Value Proposition
This combination:
- Creates the largest independent
software vendor focused exclusively
on enterprise business process management
with more than 1200 customers in
41 countries
- Creates the market’s most
comprehensive BPM software suite
to support all ranges of business
process management initiatives across
mid-to-large size enterprises on
both Unix and Microsoft platforms
- Increases resources for technology
innovation, market coverage, partner
collaboration, and customer support
- Broadens and strengthens key vertical
market offerings including retail
and financial services
- Enhances Metastorm’s business
by accelerating growth, market share,
and product innovation and increasing
overall shareholder value
- Gives Metastorm a dominant leadership
position in the worldwide BPM market.
“CommerceQuest has built a
strong market presence based on its
ability to deliver highly-scalable
BPM solutions that excel at integrating
complex systems and streamlining core
business processes,” stated
Mike Forster, chairman and CEO of
CommerceQuest. “The combination
of Metastorm’s leading BPM market
position and human-based BPM offerings
and CommerceQuest’s process-driven,
service-oriented integration capabilities
will provide customers with a complete
solution for all process management
challenges. The new, expanded Metastorm
becomes the first company to offer
organizations a single solution to
meet all of their enterprise-wide
BPM needs and remains the clear market
leader.”
ob Farrell will continue to serve
as president and CEO of Metastorm
and Mike Forster, current CEO of CommerceQuest,
and Michael Zisman, Managing Director
of Internet Capital Group (Nasdaq:
ICGE) and CommerceQuest board member,
will be elected to the Metastorm Board
of Directors. As part of the transaction,
Metastorm has secured additional funding
from its newly combined investor base,
demonstrating continued confidence
in the company and its position in
a hot market segment.
About CommerceQuest
Founded in 1991, CommerceQuest is
the only enterprise solutions provider
that enables its customers to rapidly
turn business strategy into business
processes by fully integrating the
work that people do with software
systems that optimize business performance.
CommerceQuest delivers a complete
set of scalable business process management
(BPM) solutions that leverage existing
IT investments to unite people, processes
and technology in a service-based
architecture that spans the extended
enterprise, from the mainframe to
the Internet and everything in between.
More than 500 industry-leading companies
rely on CommerceQuest to help them
integrate heterogeneous workflow and
IT systems, including many of the
Fortune 500 companies such as The
Home Depot, Coca-Cola Bottling, Ahold,
and American Express.
CommerceQuest is a privately-held
company and a member of Internet Capital
Group's (Nasdaq: ICGE) collaborative
network of Partner Companies.
About Metastorm
As the first breakaway BPM vendor,
Metastorm is a leader in business
process management (BPM) software
and best practice methodologies for
modeling, automating, integrating,
and improving both human and system-based
processes. Metastorm delivers a complete
solution for roundtrip process improvement,
focusing on the complex processes
that are unique to organizations.
Metastorm’s 1200+ global client
base in manufacturing, retail, financial
services, business services, healthcare
and government are achieving rapid
ROI and Enterprise Process Advantage®
in customer service, supply chain
operations, risk management, and internal
operations. For more information visit
www.metastorm.com.
Gina Karr
Corporate Communications Manager
Metastorm, Inc.
Powering Enterprise Process Advantage®
8825 Stanford Blvd.
Suite 200
Columbia, MD 21045
Voice: +1 (410) 290-0101 ext. 155
gkarr@metastorm.com
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