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 16, 2009 --
Innotas, (www.innotas.com), a provider of on-demand IT Governance, has been placed by Gartner (www.gartner.com) in the Visionaries Quadrant in the June 2, 2009 Gartner analysis, "Magic Quadrant for IT Project and Portfolio Management" by Dan Stang, principal research analyst and Michael Hanford, research director.
While Innotas on-demand IT Governance is built on a strong foundation in IT Project Portfolio Management (PPM), which is used to manage strategic initiatives, it also includes Application Portfolio Management (APM) capabilities aimed at providing visibility into sustaining IT operations and maintenance activities. These include Service Request Management, Application Management, Application Portfolio Management and Resource Management, as well as templates to support maintenance and application requests.
In many IT organizations, strategic initiatives are managed separately from sustaining operations, so IT management doesn't have a complete view of all IT activities. Innotas on-demand IT Governance delivers a single portfolio view of new projects as well as sustaining operations, thus providing CIOs with truer visibility and transparency across their IT activities and project portfolio.
Innotas, with its on-demand delivery model, also enables customers to be up and running immediately, and with data loaded, the system configured and people trained in a few weeks.
"Inclusion in the Visionaries quadrant by Gartner is great recognition for our vision to successfully bring to market a platform that helps our customers move their IT initiatives from just "keeping the lights on" to a key strategic partner that drives the accountability, strategic alignment, cost saving, and contributions to overall growth, all of which can be facilitated by IT Governance," said Keith Carlson, Innotas President and CEO.
Continued Carlson, "Innotas for the first time ever brings a faster, less expensive, lower risk way to make IT Governance a reality. Instead of implementing bloated server-centric software solutions that require expensive consultants and customization, companies are turning to applications delivered on-demand over the Internet. On-demand software delivers many benefits, including lower costs, faster implementation, and higher quality solutions."
In its What You Need to Know section the Gartner report states that, "Project and portfolio management (PPM) applications can provide visibility into the current state of organizational initiatives, resources, and spending through the centralized collection of data from multiple sources and perspectives. Integration across multiple business and IT process domains through PPM system functions provides multidimensional views of this data for better visibility and understanding of resource supply versus project (and other work) demand in IT and other project environments."
To be included in the Magic Quadrant analysis, vendors were evaluated based on several factors, including:
- Providers should come to market with at least a secondary focus on work management automation within an IT department (although most of the vendor's sales may be in another segment of the PPM market)
- The provider should have gained new customers during the past 12 months and should be able to provide IT-specific customer references using IT PPM functions in a live environment
- Vendors are also considered for inclusion partly on the basis of annual PPM revenue exceeding $10 million (or, in the case of emerging vendors with a strong differentiator, strong investor backing mixed with organic revenue growth)
- Should also have a market presence of at least three years and their IT PPM products must be available to the public
- Vendor management should show deep software experience, business education and integrity
- IT PPM products should support the core project tracking and management, as well as resource, time, and cost management facilities required by IT customers, with additional support for portfolio-level management and reporting, and a standardized demand collection mechanism
Magic Quadrant Disclaimer
The Gartner Magic Quadrant is copyrighted 2009 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.
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.
For more media information, contact: Lisa Hendrickson, LCH Communications for Innotas 516-767-8390 email@example.com