LONDON, Oct. 21 /PRNewswire/ -- PNMsoft, a leading provider of BPM solutions, today announced it has been positioned by Gartner, Inc. in its "Magic Quadrant for Business Process Management Suites," 18 October 2010.
"Even during the 2009 economic crisis, BPM initiatives (and BPMS products) continued to receive funding. Gartner estimates that the size of the BPMS market in 2009 totaled $1.9 billion in revenue, compared with $1.6 billion in 2008 -- an increase of 15%." The report goes on to state, "Gartner's view is that the BPMS market is poised to finally become a mainstream market," write authors Jim Sinur and Janelle Hill.
"We are proud to be recognized by Gartner for a second time this year, the first time when named a 'Cool Vendor' for BPM and now for being recognized by Gartner in the Magic Quadrant for BPMS. We believe this shows the hard work and dedication of our team at PNMsoft and the recognition by our customers and partners of our proven ability to provide the quickest ROI for Enterprise and upper midmarket organizations seeking a powerful BPMS based on the Microsoft stack," said CEO Gal Horvitz. "We plan to continue our expansion and technological progress in the coming years to meet the demand of this growing market."
About the Magic Quadrant
The Magic Quadrant is copyrighted October 18, 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.
PNMsoft was founded in 1996 by experts in human workflow processes and specializes in Business Process Management (BPM) and Workflow Automation solutions for business users. For more information about PNMsoft: www.pnmsoft.com