Trilogy Acquires Savvion
Wait. Savvion? Yes, Savvion. Trilogy is getting into the BPM business…
The four units will be used to form a new company:
Trilogy will combine the businesses to form the core of a new “best of breed” intelligent business process, application, and data management company. The new company will be called Aurea Software and will be headed by enterprise software industry veteran Scott Brighton. Brighton currently serves as President of Trilogy Enterprises.
“The promise of intelligent business process, application, and data management – and the ability to provide real-time insights on complex business processes across the cloud, mobile, and social – is the most exciting idea to emerge in the business process management space since its inception,” said Scott Brighton, Aurea CEO. “With Aurea, our goal will be to take these market leading, enterprise-class products and place a renewed focus on creating the next generation iBPMS – with a specific emphasis on enabling critical, high-value business processes in key vertical markets.”
Apparently Scott Brighton is going to meet with each of 1500 customers in the next 6 months (frequent flier miles, here we come!). The four products, formed into a new firm, are expected to bring in approximately $100M in revenue.
I have to admit I was surprised. I once worked for Trilogy, when it was a growth-oriented enterprise software company. In more recent years it has focused more on acquisitions and extracting value from companies that were no longer growing. I’m curious to see if the strategy will be different with this acquisition than it has been with some others.
And the timing is incredibly coincidental. We’re about to have the second-ever OTB conference (OTB12), an “un-“conference of trilogy alumni and spouses, which is happening in NYC over the weekend (thanks to Union Square Ventures for graciously allowing us the use of their space!). So I’ll see if I can find out more, though I might not be able to blog about it if it is confidential.
With this acquisition, I suppose I should welcome Trilogy to the BPM market. Should be interesting to see what happens next.