Press Release
Instantis Announces Strong 1H2011 Business Performance Results
Company achieves highest possible rating in IT industry analyst evaluation of PPM vendors among key achievements
July 20, 2011 -- Santa Clara, CA — Instantis, the leading SaaS-based provider of Enterprise Project portfolio Management (EPPM) software used by IT and business process leaders to improve strategy execution and financial performance, announced today strong business performance results and milestones related to customer acquisition and engagement, technology innovations and industry analyst recognition.
New accounts and revenue contributions from existing accounts -- such as Cookson Electronics, Edwards Life Sciences, Genentech, PHH Mortgage, Department of Health (Western Australia), Medline, Momentive Specialty Chemicals, National Grid and Optus -- were indicative of high customer satisfaction and user acceptance levels.
“In the first half of 2011 we saw in our customer base, a healthy mix of IT, PMO, new product development, process excellence and other types of project portfolio deployments and footprint expansions,” said Dr. Prasad Raje, Instantis CEO. “The recent Gartner MarketScope vendor evaluation affirms our strategic focus on market-leading solutions for Enterprise PPM.”
Significant first-half 2011 company accomplishments:
- Received the highest possible rating in Gartner’s recent MarketScope for Project and Portfolio Management Applications.¹
- Delivered EnterpriseTrack 7.5 Standard and PMO Edition which further raises the bar for business software ease of use, dashboards and reporting, while deepening resource management and capacity planning support in IT and PMO environments.
- Awarded a patent for cloud-based computing technology that validates and recognizes the uniqueness of the Instantis FlexSaaS™ solution offering and SaaS-based deployment platform.
- Published the Resource Management Maturity Model (RMMM)™ which provides help for organizations struggling to define and execute an effective resource management strategy that incorporates the right level of process and technology complexity.
- Hosted two customer PPM best practices webinars led by W.R. Grace Enterprise (“Project Portfolio Management at Grace -- One System, Multiple Project Portfolio Environments”) and Xerox (“Lean Six Sigma Financial Management and Reporting at Xerox”).
¹Gartner, Inc., "MarketScope for Project and Portfolio Management Applications" by Daniel B. Stang, June 13, 2011
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.