Innotas Named a Leader in Cloud-Based PPM Services by Leading Analyst Firm

First Magic Quadrant for Cloud-based Project Portfolio Management Names Innotas in its “Leaders” Quadrant

San Francisco, CA, 7/9/2012 -- 
Innotas today announced it was named by Gartner, Inc. as a Leader in its "Magic Quadrant for Cloud-Based Project and Portfolio Management (PPM) Services*," in its recently-released research report covering PPM Software-as-a-Service applications.   Innotas is a leading provider of Cloud solutions for IT Management.
In Gartner’s first Magic Quadrant for Cloud-based PPM services, it evaluated 13 vendors and recognized Innotas in its “Leaders” quadrant.  Innotas provides PPM application services, driven by supporting project and work management in internal IT departments.
According to Gartner, vendors recognized as "leaders" in this Magic Quadrant "meet many PPM application functionality and process automation requirements of targeted consumers.  Leading providers support the generation and management of project portfolios, and can track other types of demand, such as those specific to IT (for example, minor software change requests, application enhancements, and bug and error fixes), so managers can assess the cumulative impact that all types of work will have on a fixed resource supply. Product depth in several core PPM areas –such as management –set “Leaders” apart from competitors. Some of the providers can support portfolio analysis (for investment prioritization).  Some Leaders are increasingly offering a measure of program (versus project) management support in their products.
Cloud-based PPM service Leaders provide depth and breadth of PPM functionality in their application services, representing many years of development and innovation.  These providers have a large installed base of customers, can provide functionality and process automation for customers in 30 days or less, and can give customers the ability to incrementally invest in their services through 12-month contracts. Cloud-based PPM service Leaders can provide overwhelming evidence that they are actively selling and marketing their solutions.  Some Leaders are enhancing their core, direct PPM service offerings to include process consulting.”
According to Kevin Kern, CEO of Innotas, "We believe that Gartner’s recognition of Innotas,  placing  us in the “Leaders” Magic Quadrant,  is further affirmation of our leadership in Cloud-based Project Portfolio Management services. We continue to focus on providing the best Cloud-based solutions for IT management in the industry, helping our customers to manage and measure the work that their IT staff generates for their business.”
In addition to the Gartner Cloud-based PPM “Leaders” recognition in 2012, Innotas recently received the CODiE award for “Best Project Management Solution,” the Red Herring Top 100 Americas Award, the San Francisco Business Journal’s “Best Places to Work”  award and was named to the JMP Securities Hot 100 List of Best Privately Held Software Companies.
*Gartner, Inc., Magic Quadrant for Cloud-based Project and Portfolio Management Services, Daniel B. StangRobert A. Handler, June 27, 2012.
About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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