Press Release
Instantis Announces Strong FY2010 Financial and Business Performance Results
Software revenue jumps 91% in a year of strong customer growth, product innovations and industry analyst recognition.
January 31, 2011 -- Santa Clara, CA — Instantis, the leading on-demand provider of Enterprise Project Portfolio Management (EPPM) software used by business process and IT leaders to improve strategy execution and financial performance, announced today that software revenue grew 91% in 2010 versus 2009. In addition, the company realized several significant business performance results and milestones related to customer acquisition and engagement, product innovations, operational excellence and industry analyst recognition.
Instantis built on the market momentum it generated in the first half with 50% growth in deals in the second half. Key new customer acquisitions in the second half included Alticor, Cabelas, Department of Health (Australia), Genentech, National Grid, Origin Energy, QBE Insurance, and the United States Postal Service. Further, significant new software revenue contributions from existing accounts – including Baxter, Brambles, Genco, SCA Hygiene, Sutter Health and Recall Corp. – were indicative of high customer satisfaction and user acceptance levels.
"In 2010 we were rewarded by the commitment we made in 2009 to our product innovation and investment plan," said Dr. Prasad Raje, Instantis CEO. "We continue to be well-positioned with our breakthrough usability and unprecedented reporting capabilities and this has directly translated into new business and a rejuvenation of footprint expansions within our installed base."
Other significant 2010 company accomplishments:
- Delivered EnterpriseTrack 7 Standard and PMO Edition which raised the bar for enterprise software reporting flexibility and usability according to industry analysts
- Positioned as a "Visionary" in the 2010 Gartner Magic Quadrant for IT and Project Portfolio Management
- Hosted four customer PPM best practices webinars led by BHP Billiton, Credit-Suisse, Borusan Holdings and W.R. Grace
- Launched multiple social network and media channels including a new BLOG entitled: "Enterprise PPM – The Blog Site for PPM Practitioners and Stakeholders Across the Enterprise"
- Rolled out FlexSaaS™ Services Pack a standard EnterpriseTrack™ on-demand PPM software deployment and support package aimed at addressing pain inflicted by expensive services-intensive solutions from traditional installed vendors.
- Achieved tenth consecutive year of "5-nines" (99.999%) Software-as-a-Service availability.
- Completed annual user group meeting and customer satisfaction survey and achieved high-water marks for customer satisfaction for both activities.
About Instantis
Instantis is the leading on-demand provider of Enterprise Project Portfolio Management (EPPM) software used by business process and IT leaders to improve strategy execution and financial performance. We do this by providing an end-to-end solution to manage, track, and report on enterprise Strategies, Processes, Projects, Portfolios, Resources, Costs and Benefits. Leading global corporations like Abbott, Credit Suisse, DuPont, France Telecom, Orange, Lilly and Xerox rely on a single system called EnterpriseTrack to manage enterprise-wide IT, PMO, product development, and continuous process improvement programs and initiatives.