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Savvion  Acquired by Progress Software (2010 $ 49,000,000)

5104 Old Ironsides Drive #205
Santa Clara, CA 95054
Website Company Summary Management Team

Outside board: (May no longer be on the board) Mary Coleman (Walden International Managing Director) Fred Sturgis (H.I.G. Capital Managing Director) J Stephan Dolezalek (VantagePoint Capital Partners)

Business description: More than 300 of the world’s top-performing companies, including 24 of the Fortune 100, choose Savvion to operate more productively and profitably. As the business process management trailblazer, Savvion moves enterprises beyond ordinary BPM with groundbreaking business-critical software solutions and services that make them more competitive and cost-efficient, including a return on investment as high as 300%. Savvion has a proven track record for turning process improvement ideas into real world solutions within 30 days, providing the highest ROI for the lowest total cost of ownership.
Customers include: 3ComACERActuateAlcatelApplied MaterialsAvnetBank of AmericaBoeingCarnivalCaterpillarCingular WirelessCisco SystemsFord Motor CompanyGeneral DynamicsHitachi, Ltd.Infineon TechnologiesIntuitLockheed MartinMotorolaNeoformaNETGEARnetVmgNextelNokiaNorthrop GrummanQualcommRaytheonRockwell AutomationSamsungSiemensSprintStorageTekSun Microsystemssymbol TechnologiesTransUnion;  Bell Helicopter;  Brookshire Grocery Company;  Cook County;  Daimler Chrysler;  Electronic Data Systems;  Focal Communications;  Gedneral Dynamics;  Honda America;  Honda of America;  i2 Technologies;  Italian Space Agency;  NetVendor;  Nissan Diesel;  Northrup Grumman;  NTT DoCoMo;  PurchaseNet;  QoS;  Sandia National Labs;  Seiko;  ShipLogix;  Telecom Italia;  United Technologies
Partners include: BEA SystemsBearingPointBlackstoneBorland SoftwareBrightstar Information Technology GroupHPIBMLandT Infotech OraclePlumtree SoftwareSun MicrosystemswebMethodsWipro Technologies;  AdaptivEdge;  Answerthink;  BusinessEdge Solutions;  Engiprocess;  HCL Technologies ;  Hitachi Consulting;  NorCom;  Patni ;  Pramati Technologies;  Quickstream;  RiseTime Solutions;  Satyam;  Software AG;  Telcom Italia Domestic Wireless Network Services;  Toshiba IT

Rounds: 2
Recent Fundings: Oct 2002   Jul 2002
Capital raised: 51.5M
Last Round: 5.0M
Ownership: Acquired by Progress Software (2010 $ 49,000,000)
Corporate investors: Westaim Corp

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Record updated: Jan 2010
Sector: Software
Year Founded: 1994
Rounds: 2
Recent Fundings: Oct 2002   Jul 2002
Capital Raised: 51.5M
Last Round: 5.0M
Ownership: Acquired by Progress Software (2010 $ 49,000,000)