News and Events: Press Release


June 17, 2008

Leading Industry Analyst Firm Positions Innotas in Project and Portfolio Management (PPM) Industry Visionaries Quadrant

In Report "Magic Quadrant for IT Project and Portfolio Management"

San Francisco, CA - June 17, 2008 — Innotas, (www.innotas.com), a leading provider of On-Demand Project and Portfolio Management (PPM), has been placed by Gartner (www.gartner.com) in the Visionaries Quadrant in the June 16, 2008 Gartner analysis, "Magic Quadrant for IT Project and Portfolio Management" by Matt Light, research vice president, and Daniel Stang, principal research analyst.

Innotas, which reported 400% growth in 2007, made its market debut in 2006 and has quickly established itself as an innovative force inside the PPM industry, as well as an emerging player within the growing community of Software-as-a-Service (SaaS) companies.

"In just its second year in the marketplace, Innotas has been placed by Gartner, which we believe is recognition for our vision and ability to help our customers become highly successful in driving value and ROI on their project investments," said Keith Carlson, Innotas CEO. "We believe this is an amazing accomplishment and testament to our strong company leadership in product development, sales, marketing and customer support."

In its Market Overview section the report states that, "PPM prospects small and large (based on the number of potential PPM end users) increasingly are considering SaaS/on-demand as an alternative option for deploying PPM technologies, which will lead to more market consolidation and more-competitive pricing."

To be included in the Magic Quadrant analysis, vendors were evaluated based on several factors, including:

  • annual PPM revenue exceeding $10 million (or strong investor backing)
  • a market presence of at least three years
  • at least a secondary focus on the IT organization
  • gained new customers during the past 12 months
  • management should show deep software experience, business education and integrity
Notes to Editors:

Sourcing for Gartner Magic Quadrant References: http://my.gartner.com/portal/server.pt?
open=512&objID=218&mode=2&PageID=466502&
ref=MyCompany&resId=695409

Magic Quadrant Disclaimer

The Gartner Magic Quadrant is copyrighted 2008 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.

About Innotas

Innotas provides the only on-demand Project Portfolio Management (PPM) solution specifically designed to meet the needs of IT and IT Services organizations. With Innotas, managers and team members improve collaboration and can more effectively and efficiently manage IT initiatives, projects, and resources. For CIOs and executives, Innotas delivers deep visibility, automation, and analysis of the project portfolio, and resource planning and utilization. Our customers, including Crayola, Forbes, Hamilton Beach, Jo-Ann Stores, WorldVision and many others, span a wide range of industries including financial services, healthcare, retail, technology, telecommunications and energy. For more information please visit www.innotas.com or contact us at +1 415.814.7700.

Contact:
Martin Levy
Martin Levy Public Relations
martin@martinlevypr.com
206.851.7256



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