The rapid acceleration of pan-European e-business has led to a surge in growth at Metastorm. The company this week announced plans to double its European headcount, open offices in Paris, Rotterdam and Dusseldorf, and expand its Wimbledon U.K. headquarters into a customer service centre – all in the next 12 months.
The recent Novell partnership announcement to sell Metastorm’s flagship, e-work, has fuelled the company’s growth. Oracle has also named e-work as one of the top 50 e-business solutions.
In preparation for its flotation in 2000, Metastorm has received a $15m investment. The lead investor is Sandler Capital Management along with Axiom Venture Partners, Riggs Capital Partners, LLC and funds associated with Deutsche Bank. Alex Brown.
"This is a classic example of a UK-developed product experiencing real success in a market traditionally dominated by US applications," said Jon Summers, managing director Europe at Metastorm. "We feel that Britain’s entrepreneurs are ahead of the game in terms of e-business. The phenomenal take-up of e-work, and the knock-on effect to our overall corporate growth goes a long way to proving this."
"The team at Metastorm has been working flat out to cater for the demand for the product," he added. "I’m delighted that we can extend our offering into Europe and increase our headcount to 300, all within such a short amount of time."