Eighth Consecutive Quarter of Growth for Leading BPM Platform Vendor
PLANO, Texas - October 10, 2005 – Fuego®, a leader in agile business process management (BPM) solutions, today announced that it has achieved 322 percent license revenue growth during Q3 2005, as compared to Q3 2004. Quarter highlights include total revenue growth of 150 percent compared to Q3 2004 and an increase of 18 percent over Q2 2005. Fuego’s record setting performance was fueled by a significant number of new enterprise-level customers, while also expanding installations within current customers.
In addition, the company continued to expand its distribution reach through its services and OEM partners, and added two international resellers. The company expanded profitability even as it significantly expanded its global sales, marketing, and services and support organizations.
“In what is typically the slowest period of the year for software vendors, we delivered our strongest quarter ever in terms of revenue and profit,” said Jon Lauck, president and CEO, Fuego. “Companies are choosing Fuego because our platform fits easily into any architecture stack and delivers the rapid, measurable business results companies are demanding.”
Critical success factors for strong third quarter results include growing recognition of FuegoBPM™ as a market leader, a shift away from departmental to enterprise-level BPM evaluations among global companies, an overall increase in the market awareness of BPM benefits and its’ inclusion in ever expanding service oriented architectures (SOAs).
The FuegoBPM Suite is an advanced BPM software platform that enables companies to easily and rapidly achieve the promised benefits of a service-oriented architecture (SOA). Customers model their business processes, define key performance indicators (KPI’s), simulate the expected performance of the process, connect those processes to people and systems, execute the processes, manage process exceptions and measure, monitor and optimize their effectiveness, at a fraction of the time, effort and cost of other solutions.
About Fuego
As a BPM pioneer, Fuego provides innovative solutions to design, execute and continuously improve dynamic business processes that span people, applications and organizations. With Fuego, companies can quickly close the gap between business strategy and process execution to gain immediate payback. Fuego customers have implemented some of the largest process solutions in the world involving tens of thousands of users and millions of transactions across the insurance, healthcare, manufacturing, banking, telecommunications, education and energy services industries. Fuego is privately held with headquarters in Dallas and offices across North America, Latin America and Europe.
For more information, contact Fuego at 972-801-4200, or visit http://www.fuego.com.