PNMsoft News & Events PNMsoft Announces at Gartner Symposium/ITxpo 2010: PNMsoft Poised to Take Advantage of Growth in Cloud Computing and BPM Markets Revenue Growth of over 70% in Q3 2010

08 November, 2010, Cannes, France - PNMsoft today announced from the Gartner Symposium/ITxpo 2010 in Cannes, France that PNMsoft is poised to take advantage of growth in both Cloud Computing and BPM markets based on a very successful third quarter with company growth of over 70% compared to Q3 2009. Of that 70% growth about 50% was repeat business from satisfied customers in Government, Insurance, Outsourcing, and Utilities industries. PNMsoft’s U.S. revenues of “BPM in the Cloud” surpassed revenues of regular BPM deployments for the first time. PNMsoft was selected by Gartner as a 2010 Cool Vendor in BPM¹ and was positioned in Gartner’s Magic Quadrant for BPMS 2010.²

Gartner defines a cloud-enabled business process management (BPM) platform as a technology platform that uses BPM technologies to construct and optimize process-centric solutions in a software-as-a-service (SaaS) or cloud service delivery model.³

"Worldwide cloud services revenue is forecast to reach $68.3 billion in 2010, a 16.6 percent increase from 2009 revenue of $58.6 billion, according to Gartner, Inc. The industry is poised for strong growth through 2014, when worldwide cloud services revenue is projected to reach $148.8 billion."⁴

"PNMsoft’s Cloud model is extremely flexible since PNMsoft’s BPMS tool-SEQUENCE was built on web technologies and supports all different cloud scenarios from fully shared to nothing shared. Customers that want to optimize costs can use the fully shared version but we can also offer BPM in a private cloud for very security conscious customers. Two examples of customers using our BPM cloud offering are a Tier 1 Insurance company in the UK and a Tier 1 Utility company in the U.S. Many of our customers use our cloud offering to share processes with their international offices, customers and partners which enables a secure way to communicate and work efficiently with their entire ecosystem. Our Cloud offering is exceeding expectations with a 100% growth rate and we forecast significant growth for 2011," says Gal Horvitz, CEO, PNMsoft.

PNMsoft will be exhibiting in Booth 1 and Paul Sheridan will be speaking on Tuesday, November 09 from 18:15-18:25 on the topic:

¹ Cool Vendors in Business Process Management, 2010, Michele Cantara et al, April 9, 2010.

2 Magic Quadrant for Business Process Management Suites, Jim Sinur, Janelle Hill, October 18, 2010.

³ Hype Cycle for Cloud Computing, David Mitchell Smith, 2009, July 27, 2009

⁴ Gartner Press Release, Gartner Says Worldwide Cloud Services Market to Surpass $68 Billion in 2010, June 22, 2010.

For more information please contact:

Nancy Shapira-Aronovic
PR Consultant
Mobile: +44 77000 72586
Email:nancy@gksmarketing.com

Or:

Paul Sheridan
VP Marketing and Sales, PNMsoft
Tel: +44 7738 24859
Email:paul@pnmsoft.com

About Gartner's Cool Vendors Selection Process

Gartner's listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose.

Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn't do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner's interest or curiosity in approximately the past six months.

About Gartner Symposium/ITxpo

Celebrating its 20th anniversary, Gartner Symposium/ITxpo is the world's most important gathering of CIOs and senior IT executives. This event delivers independent and objective content with the authority and weight of the world's leading IT research and advisory organisation, and provides access to the latest solutions from key technology providers. Gartner's annual Symposium/ITxpo events are key components of attendees' annual planning efforts. IT executives rely on Gartner Symposium/ITxpo to gain insight into how their organisations can use IT to address business challenges and improve operational efficiency. Additional information is available at http://www.gartner.com.eu/symposium. Members of the media can register for the event by contacting Laurence Goasduff at laurence.goasduff@gartner.com.

Additional information from the event will be shared on Twitter at http://twitter.com/Gartner_inc and using #GartnerSym.

Our mission is to provide BPM software solutions to enable our customers to meet the management challenge of enterprise wide continual process improvement.

To help our customers get the right SEQUENCE BPM software solution to meet their specific requirements and to accelerate solution delivery, we also offer solution frameworks and our development expertise.

We are a multinational company with headquarters in the UK and a global network of business partners.

Our experienced product development team is always seeking to deliver innovative product features that respond to the needs of our customers and the BPM market place.

PNMsoft is a Microsoft Partner and has attained Gold ISV/Software competency.

PNMsoft is a member of the Microsoft Business Process Alliance.