Savvion Announces Record Profit for Q2

Dramatic Growth in BPM Adoption by Financial Services Leads to Record Q2 Profitability and License Revenue Growth

SANTA CLARA, Calif.--(BUSINESS WIRE)--Savvion^®, the software industry’s leading business process management (BPM) company, today announced that it has achieved record profitability for the second quarter of 2008, exceeding expectations on all financial metrics.

Savvion beat planned operating profits by achieving higher-than-projected license revenue growth in the second quarter of 2008, continuing the steady climb seen in the first quarter of 2008. More than 80% of license revenue of Q2 came from financial services companies, expanding Savvion’s large footprint within the financial industry.

“The surge in finance customers is due to the uncertain financial environment,” said Dr. M.A. Ketabchi, president, CEO, and founder of Savvion. “The financial industry wants better understanding and visibility into its processes, which will allow them to better manage their risk and improve their profitability.”

As an example, with the current mortgage crisis, financial institutions are being asked to quickly institute new procedures for lending; at the same time, they are under pressure to manage the swelling inventory of foreclosures. Savvion’s Extended BPM is being selected as the platform to address such process management issues by enabling them to create reliable, scalable enterprise-class systems with high availability that stand up to all performance requirements.

About Savvion

Savvion provides the easiest way for businesses to adopt Business Process Management (BPM) as a core discipline to improve business performance and reduce costs within and across functional business units. Savvion enables business and IT to collaboratively deploy process improvement initiatives in as few as 30 days and delivering a return on investment as high as 300%. Start your path to process improvement today by downloading the Savvion Process Modeler for free at www.savvion.com/startnow.

Headquartered in Santa Clara, California, Savvion can be reached at www.savvion.com or 888-544-5511.

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