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Entrepreneurs Authors: Kevin Sides, John Savageau, Scott Hirsch, Matthew Lobas, RealWire News Distribution

Related Topics: CEOs in Technology, Cloud Computing, Cloudonomics Journal, CIO, SaaS Journal, SEO Journal, Enterprise IT: Moving CapEx to OpEx , Government Cloud Computing, CIO/CTO Update, Sarbanes Oxley on Ulitzer, Telecom Innovation, Entrepreneurs and Innovators, New Year 2010, Business Process Management

bpm: Blog Feed Post

Cordys Reports Strong Growth in Revenue and Customer Base

Strategy of product excellence results in leading position in Cloud Orchestration and Total BP

Cordys Session at Cloud Expo

Cordys, the leading provider of software for business process innovation, has reported strong growth in 2009, achieving a 56 percent growth in license revenues, compared with 2008.

According to independent analyst firms, Cordys is one of the hottest technology vendors in 2010(1), leading the field in areas such as Cloud Orchestration and SaaS BPM, providing excellent opportunities for process channel partners, such as telecommunication service providers.

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In FY 2009/2010, strategic partnerships with CSC and Google enabled Cordys to continue its focus on license sales, product development and customer and partner support. Through its radical product strategy and strong OEM and partner focus, Cordys has expanded its global portfolio of customers with several new signings, including Siemens Healthcare, ABB, MCM Klosterfrau, ING Vysya Bank, Carrefour India, DP World, Aegon-CNOOC (China National Offshore Oil Corporation), Powel, RWE/Essent, SOS International, Rendo Energy, China Post Logistics and YES Bank.

"Our 350 strong Research and Development team has made it possible to build a platform that bridges the gap between on-premise enterprise software and services from the Cloud," said Jan Baan, CEO and Founder of Cordys. "It is our mission to provide customers with world-class software which facilitates change and innovation in the way they do business with greater speed and flexibility. The Business Operations Platform enables them to continuously improve their business operations and achieve faster return on investments."

Cordys recently announced its status as launching partner for the new Google Apps Marketplace. Jan Baan added: "Through the Google Apps Marketplace, Cordys Process Factory is being offered to the millions of Google Apps users who have embraced the cloud."

The focus on partnerships with the likes of CSC, CapGemini, Atos Origin, Crossroad, Realta, Emergent and many others has enabled the company to expand its footprint both globally and vertically in industries such as banking & insurance, utilities & energy, communications, manufacturing, logistics services, engineering, public sector and media and publishing.

Per Jonsson, President and Chief Operating Officer of Cordys, commented: "Organizations are looking for faster ways to implement Lean Six Sigma, facing constant governance and risk management compliance issues, looking for collaborative new ways to work and all at a time when they are under intense financial pressure. Together with our valued partners we offer process-driven industry solutions which allow organizations to adopt Business Process Management and Cloud computing with one single platform. Legacy systems and complex enterprise software can now be re-used in a flexible and low-cost environment for continuous process improvement, allowing for faster implementation of technologies and processes."

(1) "SaaS BPM: Silencing the Skeptics", an Ovum research report, 2 October 2009; Market Overview: The Middleware Software Market, A Forrester report, 2009; CIO Magazine, "Twenty companies to watch in 2010", December 2009; "Decision Matrix: Selecting a Business Process Management Vendor", an Ovum research report, February 2010.

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