Press Release
Instantis Positioned as a "Visionary" in the 2009 Magic Quadrant for IT Project and Portfolio Management Report
June 24, 2009 -- Santa Clara, CA — Instantis, the premier provider of on-demand project portfolio management software used by business process and IT leaders to improve strategy execution and financial performance, announced today it has been positioned by Gartner, Inc. in the Visionaries Quadrant of its recently published Magic Quadrant for IT Project and Portfolio Management. The research evaluates 19 industry players along two primary dimensions: Completeness of Vision and Ability to Execute.
Instantis’ flagship software solution for IT and Project Management Offices (PMOs) is called EnterpriseTrack™ PMO Edition. This visionary on-demand solution is ideally suited for organizations that want to manage multiple project portfolios such as IT, new product development, CapEx and process improvement initiatives in a single system. EnterpriseTrack PMO Edition further differentiates itself in the market place relative to traditional IT/PPM vendor solutions by being easy to deploy quickly, easy to use and administer, and easy to afford.
"We believe this Gartner research once again validates our solution’s positioning as a market innovator and on-demand solution leader," said Dr. Prasad Raje, Instantis founder and CEO.
This year’s report highlights the advantages and increased maturity of on-demand (SaaS-based) PPM systems. A mediacast is now available entitled “The Time is Right for On-Demand PPM” features analyst firm, Gartner, Inc., and Instantis. In this program opinion leaders from both firms – including Gartner research vice president, Matt Light – provide insight on the key technologies and business trends surrounding project portfolio management and the accelerating trend towards solutions that have the potential to consolidate and standardize project portfolio management across the enterprise.
Download this mediacast now.
Magic Quadrant Disclaimer
The Gartner Magic Quadrant is copyrighted 2009 by Gartner, Inc., and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendor’s measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
1 Gartner, Inc., "Magic Quadrant for IT Project and Portfolio Management" by Daniel B. Stang and Michael Hanford, June 12, 2009.
About Instantis
Instantis is a premier provider of on-demand project portfolio management software used by business process and IT leaders to improve strategy execution and financial performance. Leading global corporations like Abbott, BP, DuPont, France Telecom, Lilly, Lenovo, Motorola and Xerox rely on a single system called EnterpriseTrack to fulfill the distinctive requirements of their strategic project portfolios such as IT, PMO, NPD, CapEx and Lean Six Sigma.