BEDFORD, MA, Oct 27, 2010 (MARKETWIRE via COMTEX News Network) -- Progress Software Corporation (NASDAQ: PRGS), a leading software provider that enables enterprises to be operationally responsive, today announced that the independent research firm, Gartner Inc., has positioned Progress Software as a leader in the Gartner Magic Quadrant for Business Process Management Suites based on evaluation of the Progress(R) Savvion(R) BPM platform. The Gartner report, authored and published by Jim Sinur and Janelle Hill on October 18, 2010, noted that, "more organizations are adopting BPM as a discipline and scaling up their efforts to establish BPM as an enterprise program -- not just to apply its methods and technologies to one-off projects." The Progress Savvion BPM suite enables enterprises to optimize their business workflow and adapt to changing market conditions to become more operationally responsive.
Dr. M.A. Ketabchi, chief strategist (office of the CTO), Progress Software, said: "As organizations continue to integrate real-time data into their business process strategies, the importance of continuous process improvement has never been more essential. Indeed, Gartner's report found that more than 53% of respondents in their primary research rated continuous process improvement as the most important benefit of BPM. It's no longer enough to analyze business processes at the end of the day or even every hour. Enterprises need the tools to sense and respond to events as they occur and constantly improve their business processes in real time to meet changing market dynamics."
The Progress Savvion BPM platform enables organizations to optimize their business processes throughout the entire lifecycle of a business process -- from idea generation and modeling all the way to deployment -- to achieve operational responsiveness, greater ROI, and an enhanced customer experience.
Ketabchi also noted: "We believe, by our position in the Gartner Magic Quadrant, that the innovative capabilities of the Progress Savvion BPM platform stand out in their ability to deliver continuous process improvement for our customers. Moreover, our BPM capabilities sit at the heart of the unique Progress Responsive Process Management(TM) (RPM) suite, which is a next generation business solution that enables enterprises to achieve a higher level of business performance than previously possible."
In their research, Sinur and Hill found that "even during the 2009 economic crisis, BPM initiatives (and BPMS products) continued to receive funding. [And that] Gartner estimates that the size of the BPMS market will reach $3.3 billion by 2014, up from $1.6 billion in 2008 -- an increase of 106 percent."
About Progress Software Corporation Progress Software Corporation (NASDAQ: PRGS) is a global software company that enables enterprises to be operationally responsive to changing conditions and customer interactions as they occur -- to capitalize on new opportunities, drive greater efficiencies and reduce risk. The company offers a comprehensive portfolio of best-in-class infrastructure software spanning event-driven visibility and real-time response, open integration, data access and integration, and application development and deployment -- all supporting on-premises and SaaS/Cloud deployments. Progress maximizes the benefits of operational responsiveness while minimizing IT complexity and total cost of ownership. Progress can be reached at www.progress.com or +1-781-280-4000.
About the Magic Quadrant The Magic Quadrant is copyrighted 2010 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Progress, Savvion, Progress RPM, and Progress Responsive Process Management are trademarks or registered trademarks of Progress Software Corporation or one of its affiliates or subsidiaries in the U.S. and other countries. Any other trademarks contained herein are the property of their respective owners.
Press Contacts: Lisa Coulouris Progress Software +1 781-280-4995 lcoulour@progress.com Richard Young LEWIS PR +1 617-226-8840 progresssoftware@lewispr.com
SOURCE: Progress Software
mailto:lcoulour@progress.com mailto:progresssoftware@lewispr.com
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