Innotas Launches 2010 with Strong Growth

Q1 Growth Led by Government, Healthcare and Education.

San Francisco, CA, 4/29/2010 -- 

Innotas, a leading on-demand IT Governance provider, today announced that its first quarter results grew 120 percent over the same period last year. Government continues to represent healthy industry growth for Innotas, followed by education and healthcare. New customers include State of North Carolina, City of Santa Clara, University of Portland and CHRISTUS Health.

"We are especially pleased with the first quarter results as Q1 is historically a slow growth quarter for IT purchasing," said Kevin Kern, Innotas' world wide vice president, sales and marketing. "First quarter growth was fueled by organizations that were attracted to Innotas' unique Recovery Act reporting capabilities. Organizations that qualify are required to demonstrate and track projects to report on how the funds are being spent. Innotas provides an easy-to-use low-cost solution for helping eligible organizations manage planning and delivery of IT resources, budgets, projects and applications with accuracy, speed and low cost".

Recently, analyst firm Forrester Research stated, "Innotas offers American Recovery and Reinvestment Act (ARRA) support through an IT-focused PPM tool...Innotas' IT-centric SaaS PPM offering, (enables) small to medium-sized IT shops that are interested in establishing PPM discipline while also being asked to report back on ARRA funds internally may find this a logical option." in their report, State And Local Government: Find ARRA Support In PPM Tools, Forrester Research, September 30, 2009.

About Forrester Research

Forrester Research, Inc. (Nasdaq: FORR) is an independent research company that provides pragmatic and forward-thinking advice to global leaders in business and technology. Forrester works with professionals in 20 key roles at major companies providing proprietary research, customer insight, consulting, events, and peer-to-peer executive programs. For more than 26 years, Forrester has been making IT, marketing, and technology industry leaders successful every day. For more information, visit www.forrester.com.

About Innotas

Innotas, the leading provider of Cloud Portfolio Management solutions, delivers a seamless way to manage projects, resources and applications across the enterprise. Innotas’ solutions include Project Portfolio Management (PPM), Application Portfolio Management (APM), Resource Management, Agile Portfolio Management, and the Innotas Integration Platform. Among its many recognitions, Innotas received the San Francisco Best Places to Work award again in 2014. Founded in 2006, Innotas is headquartered in San Francisco and has hundreds of customers nationwide, across healthcare, government, education and other industries. For more information, visit www.innotas.com or call 866-692-7362. Follow Innotas on Twitter at @Innotas.

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For more media information, contact: Lisa Hendrickson, LCH Communications for Innotas 516-767-8390 lisa@lchcommunications.com