Staffware has confirmed its position as a leading Software company in this year`s DTI R&D scoreboard which examined company data and R&D investment for the 576 UK and 300 international top R&D investing companies. For UK IT/software companies with annual sales of over lb25 million, Staffware was shown to have the highest R&D investment as a percentage of sales (R&D intensity). The figure of 17.1 per cent for Staffware was 38% higher than the global IT sector average of 12.4 per cent and 350% higher than the UK IT sector average of 3.8%.
John O` Connell, Chairman and CEO of Staffware said: "A strong research and development program is vital to the competitiveness and future success of our business. The data from this study reflects our commitment to R&D investment which is helping us to innovate with new products and identify new business opportunities. It is a key driver in our substantial growth, representing approx lb21,000 of R&D behind every commercial employee in our group."
Staffware for the period of the Study had two Development Centers - in Swindon UK and Spokane in Washington State in the US. Since then it has added a third - in Arlington near Texas. In its latest reports for the first half of year 2000, Staffware stated it had further increased its R&D investment - by 30%, as part of its continuing commitment to product innovation and availability on the widest range of computing hardware and software systems of any product of its type.
Analysis from the DTI study coupled with academic research both suggest a positive link between reported R&D investment and business performance, providing important indicators as to a company`s health and competitive advantage. For instance:
Sales growth
Staffware has achieved 152% sales growth over the study period, which compares with the norm identified by the DTI of 40% for high R&D investment companies. Since then Staffware`s growth has risen to 210%.
Market value growth
Since its listing on the UK Stock Market in June 1996, Staffware`s market value has risen by 866% - much faster than the study`s average for a portfolio of high R&D intensity companies.
The study, released in September 2000, examined company data and R&D investment for the 576 UK and 300 international top R&D investing companies. On sales of just over lb25 million in 1999, Staffware invested lb4.28 million on research and development giving it an R&D intensity of 17.1%. This gives it a ranking of 7th overall for profitable UK IT/Software companies and a ranking of 1st for larger UK IT/Software companies-with sales exceeding lb25 million.
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Staffware Plc
Staffware is the founder of the process workflow industry. Independent studies such as from Gartner and Strategy Partners confirm Staffware`s leadership position. Staffware is one of the top 50 software companies in Europe, and operates from 25 Offices in all the major business regions of the world. In addition, its extensive Partner Channel covers all countries where there is a demand for business process automation today.
Over many years, Staffware - with its worldwide Partner Channel - has helped major organizations transform their internal processes. Today, there are approximately a million licensed users of Staffware around the globe, linked to more than 4,500 servers. These are across all main industry sectors including Retail Banking; Wholesale Banking; Insurance; Telecommunications; Utilities; Government - both Federal/Central and State/Local; Transport; Professional Consulting Organisations and in General Commercial. Staffware automates a wide range of process driven, mission critical applications which typically require seamless integration with numerous complementary technologies.
Staffware is available on both Unix and NT servers, uniquely offering the capability to operate in a mixed Server environment supporting thin and/or thick clients. Multi databases are also supported. Staffware technology includes rapid design tools; an extensive range of Object oriented integration capabilities; a Developers Toolkit; comprehensive reporting and tracking functionality; a powerful rules process engine and deadlining features. Staffware scalability is renowned, allowing it to address the most intensive transactional based processes across an Enterprise.
Staffware, in conjunction with its Partners globally, provides a complete Services capability to ensure applications are designed and deployed according to best practise.
More recently, Staffware has launched its eBusiness initiative - Staffware eProcess - whereby Staffware technology can automate business processes across the Internet in an eBusiness environment. All trademarks are hereby acknowledged