“The Red Herring Top 100 Award reinforces Bizagi’s disruptive influence in a very crowded and mature BPM market,” said Jolanta Pilecka, CMO at Bizagi. “The secret to our success is very simple: we create great products, offer them online for free, and provide comprehensive learning tools to empower users to manage their BPM journeys. This unique approach helps us reduce our sales and marketing budgets, so we can reinvest 25% of our revenue into R&D – a figure that is a striking contrast to the single-digit industry average.”
During the several months leading up to the announcement, hundreds of tech companies in the telecommunications, hardware, consumer electronics, medical and pharmaceutical industries completed their submissions to qualify for the award.
“Each year, the competition gets tougher” said Alex Vieux, publisher and CEO of Red Herring, “but Bizagi’s breakthrough business model, strong growth, their incredibly loyal customers and impressive user community made them a worthy winner. The company shows all the traits of a Red Herring 100. It is disrupting the ecosystem and succeeding against large tech Goliaths. Its innovations provide a lot of value to the enterprise. And its global team has managed to execute with creativity. They really deserve the kudos.”
Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technological innovation, management quality, overall business strategy and market penetration. This assessment was complemented by a review of the track records and standings of similar businesses in the same verticals, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Europe.
“Many of our largest customers started using our free software and only contacted us when ready to roll out 100s of processes across the enterprise,”
About Red Herring
Red Herring’s Top 100 (http://www.redherring.com/
Bizagi (which stands for business agility) is a privately-owned company run by software entrepreneurs who are experts in Business Process Management (BPM). Over 350 global customers rely on Bizagi to transform their businesses resulting in improved operational efficiencies, adaptability and shorter time to market. Our enterprise customers gain significant competitive advantage by using Bizagi’s software to streamline mission-critical processes (cross-functional, complex and international)