May 27, 2019
The year 2018 was a complete success for both companies in two ways: Financially, the company achieved a global increase in turnover of 18% - strategically, the merger of the two companies Flowable and mimacom will set the course for further growth.
The Swiss open source digitalization expert mimacom and the business process management specialist Flowable AG (formerly edorasware ag) merged in 2018 under a single holding company. In the previous year, both companies reported record sales figures in their respective company history. The project business was further expanded in the core countries of Switzerland, Germany, Spain, the USA and Singapore, and both companies were able to increase global sales from CHF 5.7 million to CHF 38 million (previous year: CHF 32.3 million).
"2018 was a great year and an important milestone for Flowable and mimacom. With the merger, we have laid the foundation for further growth and we are looking forward to the upcoming year," said Agim Emruli, CEO of Flowable. The group's first joint business year coincides with the 20th anniversary of the digitalization expert.
"Switzerland is and remains the most important market for Flowable and mimacom," Agim Emruli continues. "It is the home market of both companies, which have their roots as well as their headquarters in Switzerland. In 2019, in line with the strategic roadmap "think globally, act locally", the Flowable Group will therefore focus on the market of Switzerland. "We see particular opportunities for growth in Zurich where we are represented with our own branch in order to optimally exploit the great potential in the banking and insurance market", the CEO of the Flowable Group continues. Especially in the promising area of Conversational Banking, Flowable brings its expertise to both existing and new customer projects and is continuously expanding the characteristics of its product portfolio. Customers from the government and manufacturing sectors can also benefit from the expertise of the Flowable Group in digitalization projects.
In combination with the positive order situation, the merger of the two companies thus represents an optimal starting point for future development. Flowable and mimacom will join forces to further expand their customer service and intensify their relationships with the strategic technology partners Pivotal, Elastic, Confluent, Liferay, Avaloq and Siemens Mindsphere. On the product side, the focus will be on the Flowable solution. From a market perspective, the Flowable Group will concentrate on the target industries of finance and insurance, manufacturing, automotive and life sciences in the core countries of Switzerland, Germany, Spain, the USA and Singapore. "Through the internationalization during the last few years, our customers will continue to receive the highest level of quality from 14 locations worldwide, and mimacom's service portfolio and Flowable's product portfolio will continue to be further developed and expanded to the benefit of our customers" emphasizes Agim Emruli.