iGrafx® Spin-off Establishes Leading Independent Provider of Business Process Analysis Solutions
iGrafx® today announced the separation of iGrafx from Corel Corporation to form a stand-alone, privately owned company dedicated to the Business Process Analysis market. The iGrafx operating assets have been acquired by The Limerock Group, an investment firm specialized in growing enterprise software companies. With 24 years experience in solutions enabling process excellence, including several years of operating as an autonomous business division of Corel, iGrafx is now the leading independent provider of Business Process Analysis software.
iGrafx, founded in 1991, enables the flexible design, implementation, and optimization of processes across an organization. iGrafx solutions enable organizations to model, improve, and manage processes and technologies that support, simplify, and automate their operations. iGrafx solutions have been deployed in over 10,000 organizations around the world, including over two-thirds of Fortune 100 companies, twenty-two of the world’s largest financial organizations, and several branches of the U.S. Department of Defense.
The iGrafx team, led by Ken Carraher, will continue to manage the business, and combined with The Limerock Group’s success in growing enterprise software companies, iGrafx will be well-positioned to enhance its leadership position in this market.
“Tools to analyze and improve processes continue to grow in importance, particularly for large enterprises looking to improve efficiencies and reduce costs,” said Ken Carraher, CEO of iGrafx. “We felt the time was right to spin out as an independent company to dedicate our entire focus to the unique needs of this market, and we are very happy to have teamed up with The Limerock Group to pursue the compelling opportunities in front of us.”
“With iGrafx we have acquired a global brand and set of solutions that are highly respected by business process architects and analysts,” said Joel Trammell, Managing Partner of The Limerock Group. “Together with the iGrafx team, we’ve identified several ways in which we can immediately begin to accelerate the growth of the business.”
iGrafx (www.igrafx.com) provides a comprehensive family of business process analysis tools that help organizations model, improve and manage processes and technologies that support, simplify, and automate their operations (see www.igrafx.com/products/). iGrafx helps organizations deliver process excellence in a controlled, centralized and collaborative manner. Whether aligning business objectives with IT systems, complying with mandatory regulations, deploying Business Process Management, or undertaking initiatives such as Six Sigma and Lean, iGrafx provides the ability to leverage results, improvements and controls across these efforts, resulting in increased return on investment. iGrafx industry leading solutions are used by thousands of organizations world-wide in their efforts to achieve process excellence.
About The LimeRock Group
The Limerock Group (www.limerockgroup.com) is an operationally oriented investment firm focused on the business and enterprise software industries. Limerock looks to acquire or take significant control positions in software companies that have an established market presence and proprietary technologies especially those being divested by a corporate parent.
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