Promapp Attributes its 95 Percent Revenue Growth to Accelerated Global Expansion and Market Demand

02-Feb-2018

Promapp, a leading provider of cloud-based business process management (BPM) software, today announced that it was one of 45 NZ companies ranked on the Deloitte Technology Fast 500™ Asia Pacific 2017, a ranking of the 500™ fastest growing technology companies in the Asia Pacific. Rankings are based on percentage revenue growth over three years. Promapp grew 95% during this period.

Promapp’s CEO, Ivan Seselj credits the company’s growth to the successful entry of its cloud-based process improvement platform into the US market. Some of the innovations the company released in 2016 are also paying dividends and meeting market needs, particularly process variation management for multi-nationals.

“Many organisations are struggling with outdated approaches to manage critical process information, still storing it in formats that are neither accessible to teams across the business nor easily updated. Issues of process ownership, engagement and change management abound.
“Promapp has a great opportunity moving forward to support organisations with business-critical challenges, such as supporting transformation, digitising existing process knowledge, or focussing on their process governance and change management culture,” said Seselj.

Promapp provides cloud-based business process mapping software which enables process improvement, quality assurance and risk management in line with ISO, Six Sigma and Lean principles. The software is designed to replace hardcopy procedure manuals and is used by more than 120 local councils across Australia and New Zealand as well as major medium to large enterprise organisations including ConnectWise, MorganFranklin Consulting, Coca-Cola Amatil, Michigan State University, Air New Zealand, Toyota, Ricoh, McDonald's, Audi Australia, and the Department of Justice, Victoria.

"Making the Deloitte Technology Fast 500™ is commendable in today’s highly competitive, fast-changing technology industry," said Toshifumi Kusunoki, DTTL Leader, Deloitte Technology Fast 500™ Asia Pacific program. "We congratulate Promapp on being one of the 500 fastest growing technology companies in the region."
“We are thrilled to be honoured with this ranking again for the third time in three years, a testament to the entire Promapp team’s drive to support customer success with business process management solutions which deliver real business benefit,” said Seselj.

Deloitte Technology Fast 500™ Asia Pacific selection and qualifications
The Technology Fast 500™ list is compiled from the Deloitte Asia Pacific Technology Fast 50 programs, nominations submitted directly to the Technology Fast 500™M, and public company database research. To qualify for the Technology Fast 500™, entrants must have had base-year operating revenues of at least US$ 50,000. Entrants must also be public or private companies headquartered in Asia Pacific and must be a “technology company,” defined as a company that develops or owns proprietary technology that contributes to a significant portion of the company's operating revenues; or manufactures a technology-related product; or devotes a high percentage of effort to the research and development of technology. Using other companies' technology in a unique way does not qualify.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see: www.deloitte.com to learn more about our global network of member firms.

About Promapp

Established in 2002, Promapp works with hundreds of organisations worldwide to foster a thriving business improvement and process management culture.

Promapp’s cloud-based business process management (BPM) software makes it easy to create, navigate, share and change business processes, enabling continuous improvement, risk management, quality assurance and business continuity. Providing an intuitive online process repository, an integrated process mapping tool, and a process improvement toolset, Promapp’s proprietary software supports the development of smarter and safer ways to work, while encouraging sharing of information by operational teams rather than limiting it to process analysts and technical specialists.

Promapp’s wide range of public and private sector customers includes: Coca-Cola Amatil, Air New Zealand, WesTrac, Lumo Energy, Toyota, Ricoh, McDonald's, Audi Australia, Department of Justice, Victoria, Adelaide City Council, Waikato District Council and Southland Regional Council. The company is headquartered in Auckland, New Zealand. Visit www.promapp.com for more information.

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