IBM today announced it has signed a definitive agreement to acquire Lombardi, a privately held software company based in Austin, Texas. Financial terms were not disclosed (but you can speculate in the comments). Lombardi, a leading provider of Business Process Management (BPM) software and services, helps organizations automate and integrate business processes to increase efficiencies and reduce costs.
Organizations are struggling to find ways to simplify their business operations to better reach partners and clients, improve decision-making and increase their return on investment. The management of processes supporting business functions such as product planning, supply chain execution, insurance application and claims management, human resources, IT services and procurement is vital to the success of every business. Helping companies automate these processes to make them more consistent, predictable and cost-efficient is a major requirement for businesses today.
According to IDC, the market opportunity for BPM software will increase at a compound annual growth rate of nearly 15 percent over the next four years, from $1.7B in 2009 to $3.0B by 2013.
Lombardi’s department-level approach to delivering process management complements IBM’s existing strengths in enterprise-wide process management software and adds a new and compelling dimension for customers looking for an end-to-end, integrated solution that automates human tasks and workflows.
“Any discussion on business improvement inevitably leads to improving the processes that are at the heart of every company,” said Craig Hayman, general manager, IBM Application and Integration Middleware. “Recognizing this, IBM has strengthened its presence and investments in business process and integration software to meet these growing client demands. Lombardi fills out our company’s portfolio in this key area.”
One of the earliest supporters of WebSphere, Lombardi brings capabilities that complement the recent product upgrades and new product announcements in IBM’s WebSphere portfolio. These are designed to help clients establish a more dynamic business and achieve the agility they need to survive in today’s changing business environment. Through its collaborative, graphical approach to process application development based on a WebSphere infrastructure, Lombardi extends IBM’s customizable, role-based capabilities to empower business users to rapidly effect change in their businesses.
“IBM has been a long-standing partner in addressing the core business needs of customers across a wide range of industries,” said Rod Favaron, CEO, Lombardi. “Our shared vision has been to deliver technology that helps companies improve their effectiveness by better managing the processes that keep their businesses running. Becoming part of the IBM family will take this vision to a higher level and enable us to explore new opportunities together in product development, integration and go-to-market strategies.”