QPR Software issued their interim report for the time frame of January to September 2016. In the report, they stated that they expect the demand for process mining software to grow in its home market in Finland, as well as in the broader international market. Market maturity varies greatly from one country to another, but already last year they experienced strong market growth in several European countries. They expect this growth to continue this year, and the Company believes that its QPR ProcessAnalyzer product has a strong position in the market. In developed markets, competition in process and enterprise architecture modelling and performance management software QPR expects to continue to increase. In emerging markets there is still strong growth potential for these software products.
Throughout this year QPR have made a number of announcement:
- In January, QPR and the Swedish business and IT services company iStone announced that they have signed a reseller agreement for QPR ProcessAnalyzer - the software that enables automated process analysis based on existing data from Enterprise Resource Planning (ERP) systems. The partnership creates new opportunities in automated process mapping and process flow optimisation, especially for those organisations using the ERP system Infor M3.
- In February, QPR Software and PricewaterhouseCoopers (PwC) Portugal announced that they have signed a consulting agreement on using QPR ProcessAnalyzer in PwC's process and operational development consulting in Portugal.
- In March, QPR announced the launch of QPR MobileDashboard, an application that makes it even easier to access and browse actionable performance information on the go.
- In April. QPR Software was listed as a representative vendor in the Gartner Market Guide for Enterprise Business Process Analysis (EBPA).
- In May, QPR received additional intellectual property protection for its process mining technology. This was already the second patent that the United States Patent and Trademark Office has awarded for the technology in question. The patented technology is utilised in QPR ProcessAnalyzer. QPR's previous patent from 2015 related to the utilisation of event instance data obtained from information management systems to help organisations analyse and improve their business processes. The latest patent safeguards the technology behind predicting the probability of future events based on process analysis.
- In June, the Company announced the release of the new QPR Suite 2016. The newest developments in QPR technology brought enhancements to user experience and enable easier integration between QPR products and third party software. New features of the Suite further strengthen QPR's offering as a value-adding solution provider for strategy execution, business-IT alignment, performance and process management and process mining.