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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:

  • A nearly 60 percent increase in the rapidly growing market of portfolio management for R&D and product development organizations
  • More than 50 percent of new customers selected the company's SaaS offering in 2011, resulting in a 130 percent increase in SaaS software bookings year-over-year
  • Continued strong growth in IT PPM software bookings of nearly 40 percent

"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:

  • Sharing insights with over 1,400 program and portfolio management executives, Planview is a sponsor of the Gartner PPM & IT Governance Summits in North America and Europe, actively participating in each event's focus on improving how organizations select, implement and manage IT initiatives and services.
  • With a focus on the needs of leaders in corporate financial planning, Planview commissioned an in-depth research study with Financial Executives Research Foundation, the research affiliate of Financial Executives International, on the state of capital planning for large enterprises.
  • With findings poised to be released in coming days, Planview recently commissioned the third Product Portfolio Management Benchmark Study, which polled 320 product development leaders from a cross-section of industries worldwide. A key focus of the survey is to track pain-points and risks faced by product companies and global trends in fostering innovation practices.

1Gartner's Creating Cloud Solutions: A Decision Framework, 2011 by Eric Knipp.

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Video Overview

Planview Hybrid Model Benefits: Overview of the Series
Patrick Tickle, Executive Vice President of Products, talks about the unique advantages of the cloud-hosted model

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