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Planview Continues Record Growth Leveraging Portfolio Management Market Expansion and SaaS Momentum
Company outpaces PPM industry growth based on execution of multi-market strategy and SaaS business transformation
Austin, TX — May 21, 2012 — Planview, the leader in enterprise-wide portfolio management, experienced landmark growth as a result of its PPM market expansion strategy and the increasing adoption of its Software-as-a-Service (SaaS) offering by enterprise customers in 2011. The company's growth outpaced the overall PPM industry growth rate driving record financial performance.
Enterprise Adoption of Portfolio Management and SaaS Drive Growth
Planview experienced significant growth as demonstrated by:
"Our growth is based on the strategic business transformation we kicked off in 2009 to expand how leading organizations worldwide can leverage our best-in-class PPM solutions," said Gregory S. Gilmore, president and chief operating officer, Planview. "The combination of our multi-market focus, along with offering our customers the choice of on-premise or SaaS deployment models, has driven this transformation. In this time of rapid economic and technological change, portfolio management's ability to manage resources, foster innovation and keep costs aligned is more relevant than ever."
Planview Transforms to Hybrid Solution Provider
Planview has been able to rapidly combine its market-leading enterprise solution with the compelling economic benefits of SaaS delivery by leveraging a cloud-hosted model, as defined by Gartner's cloud solutions framework1, utilizing the latest virtualization and infrastructure technologies. The cloud-hosted model provides enterprise customers with a variety of unique benefits that map to their business challenges, including the need for flexibility in solution configuration, the ability to upgrade on their timetable and the security of their own instance.
Cloud-Hosted Enables Benefits for SaaS and On-Premises
The Planview cloud-hosted infrastructure provides benefits to both SaaS and on-premise customers. The company's RPM Solutions include instant access for new on-premise as well as SaaS customers to their PPM solution. For on-premise customers this allows for an accelerated implementation that can then be transitioned to their on-premise infrastructure when ready. In addition, on-premise customers benefit from the flexibility of being able to migrate the existing configuration of their software instance to a SaaS deployment model as their business conditions change.
"Our hybrid approach provides enterprise customers with the choice of deployment model that makes the most sense for their business," said Patrick Tickle, executive vice president of products, Planview. "Whether on-premises or SaaS, we are able to leverage our cloud-hosted infrastructure to accelerate time to value and provide economic flexibility to every customer in truly unique ways."
Leadership in Enterprise-wide Portfolio Management
As the industry's largest independent provider of portfolio management solutions, Planview continues to invest significant resources into the successful application of PPM across enterprise domains. The company's investment in hosting the recent third annual PIPELINE 2012 online conference, which attracted more than 1,600 global product professionals, is a great example of this commitment. The commitment to product development, as well as IT, services-driven businesses and corporate finance, helps fuel the expansion of the portfolio management market as well as the company's growth.
Other examples of Planview's leadership in PPM across the enterprise are embodied by the company's support and participation in industry events and initiatives including:
1Gartner's Creating Cloud Solutions: A Decision Framework, 2011 by Eric Knipp.
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