Press Release
Instantis Positioned as a “Visionary” by the Leading IT Industry Analyst Firm in an Evaluation of Integrated IT Portfolio Analysis Applications
Result follows on the heels of “strong positive” rating – highest rating given in an evaluation of Project & Portfolio Management Applications
August 18, 2011 -- Santa Clara, CA —— Instantis, the leading SaaS-based provider of Enterprise Project portfolio Management (EPPM) software, announced today it has been positioned by Gartner, Inc. in the Visionaries quadrant of its new "Magic Quadrant for Integrated IT Portfolio Analysis Applications, 2011" report. The report is part of the PPM Market Universe series which includes the "Market Scope for Project & Portfolio Management Applications, 2011" which replaces the former IT PPM Magic Quadrant. In that report Instantis was one of only five vendors to achieve "strong positive", the highest possible rating given. Instantis was also included in the new "PPM Market Universe: PPM for New Product Development Market Roundup, 2011" and the "Competitive Landscape: SaaS Project and Portfolio Management Software, Worldwide, 2011’ published in April 2011.
To qualify for the Integrated IT Portfolio Analysis Applications report vendors must provide a top-down, independent IT portfolio management system that can support a number of integration scenarios of IT portfolio-level planning for decision making across the IT PMO, Application Management, Enterprise Architecture and IT Operations, without any dependencies on the core functions of a transactional project and resource management platform. Criteria that were weighted highest included product/service, market responsiveness and track record, market understanding, product strategy and innovation.
"What this magic quadrant result says to us is that there are a number of strong visionaries and challengers in this emerging market and leadership positions are up for grabs," said Dr. Prasad Raje, Instantis founder and CEO. "We believe we are best positioned for leadership due to our top-down enterprise portfolio management approach and unique FlexSaaS™ technology platform."
Gartner, Inc. Magic Quadrant for Integrated IT Portfolio Analysis Applications, Daniel B. Stang, August 8, 2011; Market Scope for Project & Portfolio Management Applications, Daniel B. Stang, June 13, 2011; PPM Market Universe: PPM for New Product Development Market Roundup, 2011, Daniel B. Stang, Donna Fitzgerald, June 16, 2011; Competitive Landscape: SaaS Project and Portfolio Management Software, Worldwide, 2011, Asheesh Raina, Laurie F. Wurster, April 6, 2011.
Magic Quadrant Disclaimer
The Magic Quadrant is copyrighted 2011 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 vendors 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.
MarketScope Disclaimer
The MarketScope is copyrighted 2011 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation 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 MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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. Leading global corporations like Abbott, BP, DuPont, France Telecom, Lilly, Motorola and Xerox rely on a single system called EnterpriseTrack to fulfill the distinctive requirements of their strategic project portfolios such as IT Governance, Enterprise and IT PMOs, new product development, Lean Six Sigma and sustainability.