In the year to December 31, net income rose 36.8% to 2.2m pounds ($4m) on revenue 9.4% higher at 42.7m pounds ($76.9m). However, the overall figures only tell part of the story. BPM license revenue leapt 128% to 16.4m pounds ($29.5m) and the Maidenhead, UK-based company now secures 70% of its sales outside the UK.
Analysts the Butler Group described Staffware as an ideal acquisition target, particularly for a US-based EAI vendor that wants to establish a strong UK and European presence. They also said an enterprise application vendor
wishing to extend its workflow capability into a full-blown BPM solution, could be tempted as could a consultancy or systems integrator specializing in projects that depend on BPM.
Staffware chairman John O’Connell said the company is looking forward to a period of sustained growth. He said the BPM market has gained the attention of some of the leading IT providers, and while some will be potential collaborators, others may well become competitors.
O’Connell said that while the software license business model can be inherently volatile, affecting the timing and recognition of revenues, the increase in the average order value for licenses, together with the leap in support maintenance revenue, indicated the growing confidence of customers in Staffware’s technology and organization.
This article is based on material originally published by ComputerWire
