Cordys was founded in 2001 by ERP pioneer Jan Baan, who remains as Chairman and a major stockholder. Cordys launched its first product in 2004, and today has around 40 customers worldwide. After initially focusing on a few big customers, the company is now expanding and working to establish a larger global presence based on BPM firmly rooted in SOA, leveraging a $67 Million investment by Argonaut Private Equity in April 2007. Cordys today has around 550 employees, over half of which are in R&D. Cordys is headquartered in the Netherlands, with a large development facility in India and offices in the US, Europe, and China.
![Cordys BPMS](https://www.bpminstitute.org/wp-content/uploads/2023/06/BPMSReportCordys.jpg)