Metastorm Announces Record Revenues for Q2 2003

Continues to Lead BPM Market

COLUMBIA, MD – August 5, 2003 – Metastorm, a leading provider of Business Process Management (BPM) software for automating, managing and controlling processes, today announced earnings results for its second quarter ending June 30, 2003. The privately held company posted record software license revenues and record total revenues for the quarter and continued to grow market share at a rapid pace. Metastorm's total revenue for the first half of 2003 increased more than 23 percent over the same period last year. The company expects total year-over-year revenue growth to be at least 50 percent.

Metastorm's growth was driven by sales to both new and existing customers. The company added 33 new customers worldwide this quarter including Clyde & Company, Colorado Department of Corrections, the State of California Department of Health and Human Services Data Center, O2, and the Veteran's Administration. In addition, existing customers substantially expanding their use of Metastorm's BPM software included Children's National Medical Center, Chubb & Son, Emirates Airlines, London Underground, Pennie & Edmonds, and Shoosmiths.

"During Q2, Metastorm continued executing on its strategy to deliver an enterprise BPM solution that helps organizations drive efficiency, control, and agility across mission critical business processes," says Robert Farrell, president and CEO. "Continued performance and growth this quarter validate the company's leadership position in the BPM market. Business from our expanding direct and indirect channels worldwide, combined with further investments from our existing customer base, have positioned Metastorm as the leading independent provider of BPM software and put the company on track to achieve its goals for 2003."

Other accomplishments this quarter included being named to the Leader quadrant in the prestigious Gartner Magic Quadrant for BPM and winning the Hottest Companies of 2003 award from Start Magazine.

 

About Metastorm
As the first breakaway BPM vendor, Metastorm is a leader in business process management (BPM) software and best practice methodologies for modeling, automating, integrating, and improving both human and system-based processes. Metastorm delivers a complete solution for roundtrip process improvement, focusing on the complex processes that are unique to organizations. Metastorm’s 1200+ global client base in manufacturing, retail, financial services, business services, healthcare and government are achieving rapid ROI and Enterprise Process Advantage® in customer service, supply chain operations, risk management, and internal operations. For more information visit www.metastorm.com.

Gina Karr
Corporate Communications Manager

Metastorm, Inc.
Powering Enterprise Process Advantage®

8825 Stanford Blvd.
Suite 200
Columbia, MD 21045
Voice: +1 (410) 290-0101 ext. 155
gkarr@metastorm.com