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Our editors curated this list of the biggest BPM news items during the first half of 2021, as highlighted on Solutions Review.<\/i><\/b><\/p>\nOur editors curated this list of the biggest BPM news items during the first half of 2021, as highlighted on Solutions Review.<\/i><\/b><\/p>\n
The concept of business process management (BPM) has been around for centuries, first being used during the industrial revolution. The dawn of computer technology brought the framework for business process management companies as we know it today, focusing on task efficiency, quality management, and continuous flow. However, it\u2019s only been in recent years that we\u2019ve seen the technology change into what we know it as today. With the ability to generate complex computer applications, companies have begun to understand the benefits of using BPM to change quickly and inexpensively. Today, these tools have evolved to become fully scalable, visual, mobile, and integral platforms providing organizations with process insight and control like never before.<\/p>\n
Part of Solutions Review’s ongoing analysis of the business process management marketplace includes covering the biggest BPM news stories that have the greatest impact on enterprise technologists. This is a curated list of the most important BPM news items from the first half of 2021. For more on the space, including the newest product releases, funding rounds, and mergers and acquisitions, follow our\u00a0popular BPM news section.<\/a><\/strong><\/span><\/p>\n Pegasystems Inc.\u00a0recently announced<\/a>\u00a0its acquisition of Qurious.io, Inc. The acquired company is a cloud-based real-time speech analytics solution provider powered by artificial intelligence for customer service teams. Terms of the acquisition have not been disclosed. Qurious.io\u2019s SaaS offering utilizes speech-to-text, natural language processing, and emotion detection features to analyze the dialog within each customer service call as it happens.<\/p>\n In a press statement, Kerim Akgonul, senior vice president of products at Pegasystems, said, \u201cwhile automated chatbots are increasingly more popular with consumers, live service agents are still left to handle the toughest customer problems over the phone. Qurious.io\u2019s real-time speech analytics proactively helps agents resolve these difficult requests with revenue-producing Next-Best Actions. Their cloud-native approach perfectly complements how Pega uses AI across engagement channels, enabling our clients to provide consistently superior customer service from end to end.\u201d<\/p>\n SAP and Signavio\u00a0recently announced<\/a>\u00a0that SAP has entered into an agreement to acquire Signavio. Combining the Business Process Intelligence unit of\u00a0SAP\u00a0<\/a>with Signavio will strengthen SAP\u2019s capacity to help organizations understand, improve, transform, and manage their business processes at scale. The acquisition is expected to close in the first quarter of 2021, subject to regulatory approval.<\/p>\n In a press statement, Dr. Gero Decker, Co-founder and CEO of Signavio said, \u201cby joining SAP, we tap into the broadest business application software portfolio in the market, running the processes of the world. Considering the positioning of SAP, its geographical coverage and financial muscle, SAP is the biggest and best platform to bring process intelligence to every organization. For us, it\u2019s a massive jump start and a major opportunity to help SAP become a key player in the business process management and intelligence space.\u201d<\/p>\n Creatio\u00a0has announced<\/a>\u00a0a $68M capital raise led by Volition Capital, a US-based growth equity firm investing in high-growth companies. There was additional participation from Horizon Capital, a private equity firm investing in Europe. The funding is a minority investment to fuel the company\u2019s growth, with Creatio\u2019s strategy, leadership team, product vision, and commitment to customer success remaining unchanged.<\/p>\n In a press statement, Katherine Kostereva, CEO and co-founder of Creatio, said, \u201cour vision is a world where everyone can automate business ideas in minutes. Now is a critical time for digital and IT leaders to leverage tech and transform their organizations into low-code companies. This investment will allow us to keep building toward the vision of creating a new world, where any company can automate and change their business processes at speed and scale.\u201d<\/p>\n Camunda\u00a0announced today<\/a>\u00a0that it has completed an \u20ac82 million (approximately $100 million) funding round led by global venture capital and private equity firm Insight Partners. The round also included existing investor Highland Europe. The investment is based on market momentum toward hyperautomation and the resulting need for cloud-native, open process automation solutions that can automate any type of process, anywhere. Additionally, Camunda will leverage Insight Partners\u2019 expertise in effectively scaling companies and accelerate product development, sales, and marketing initiatives as part of its global expansion.<\/p>\n In a press statement, Matt Gatto, managing director at Insight Partners, said, \u201cprocess automation is a multi-billion dollar global market opportunity. Camunda has been breaking new ground with their business model and cloud-native technology. As a result, they have become a driving force shaping the new process automation market. We have been impressed with the tremendous value Camunda\u2019s innovative approach has provided for some of the world\u2019s most demanding organizations. Camunda\u2019s success demonstrates how an open, standards-based, developer-friendly platform for end-to-end process automation can increase business agility and improve customer experiences, helping organizations truly transform to a digital enterprise. We are excited to be part of Camunda, helping to scale the company for even bigger growth.\u201d<\/p>\n\t\t\t![\"Download](\"https:\/\/solutionsreview.com\/business-process-management\/files\/2019\/02\/bpm-speedbump.jpg\")
<\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/span><\/p>\nThe Biggest BPM News Items During the First Half of 2021<\/strong><\/h2>\n
<\/div><\/p>\nPegasystems Acquires Qurious.io for AI Capabilities (February)<\/strong><\/span><\/a><\/h3>\n
<\/div><\/p>\nSAP Enters Agreement to Acquire Signavio (February)<\/strong><\/span><\/a><\/h3>\n
<\/div><\/p>\nCreatio Raises $68M To Facilitate Growth of its Low-Code Platform (February)<\/strong><\/span><\/a><\/h3>\n
<\/div><\/p>\nCamunda Raises $100 Million in Series B Funding Round (March)<\/strong><\/span><\/a><\/h3>\n
<\/div><\/p>\niGrafx Receives Investment From Banneker Partners (June)<\/strong><\/span><\/a><\/h3>\n
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