SOUTHFIELD ? Metastorm has acquired Proforma Corporation, which provides modeling software to make business process management run smoother. Proforma?s US operations are based in Southfield.
Exact financial terms of the deal were not disclosed, but Metastorm CTO Greg Carter was reported saying Proforma was on track to earn about $20 million in sales for 2007, which will make Metastorm a $70 million company for the year. Metastorm will gain 100 employees in the transaction and plans to retain all of them.
Proforma provides enterprise modeling solutions for Enterprise Architecture and Business Process Analysis.
The driving engine for Metastorm Enterprise is the company’s own BPM engine. With it, customers will be able to build a unified business model, Carter said.
“[The acquisition] addresses a question or a challenge that we saw in the market in that we wanted to more firmly tie the operational efficiency and execution that you achieved with Metastorm BPM with the strategic goals and methods of with a product like ProVision,” Carter told internetnews.com.
“It allows us to have a much broader reach in an organization.”
Metastorm will offer customers the entire Metastorm Enterprise platform, or each component separately. Preserving its previous relationship with Proforma, Metastorm will continue to use the ProVision Common Interchange Format (CIF) interface and other interoperability standards to enable integration with other applications.
“Metastorm is proud to be joining forces with Proforma to move beyond today’s Business Process Management Suite (BPMS) definition and chart a new course for enterprise effectiveness through increased collaboration, agility, and understanding. Organizations today are striving to improve performance through EA, BPA and BPM initiatives. The synergies, interdependencies, and potential value of these three disciplines are immense, and now is the right time for Proforma and Metastorm to join forces and deliver an integrated software platform,” stated Bob Farrell, president and CEO of Metastorm.
For more information, click on MetaStorm.Com
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