INSTANTIS Positioned as ‘Visionary’ in Gartner Magic Quadrant for IT and Project Portfolio Management

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Santa Clara, California (June 24, 2008) – Instantis, a leading provider of project portfolio management software used by business process and IT leaders to improve strategy execution and financial performance, announced today it has been positioned by Gartner, Inc. in the Visionary quadrant of its recently published Magic Quadrant for IT and Project Portfolio Management. The research evaluates a select group of 21 industry players along two primary dimensions: Completeness of Vision and Ability to Execute.

Instantis’ flagship software solution for IT and Project Management Offices (PMOs) is called EnterpriseTrack PMO Edition. This visionary on-demand solution is ideally suited for organizations that want to manage multiple project portfolios such as IT and process improvement initiatives in a single system. EnterpriseTrack PMO Edition further differentiates itself in the market place relative to traditional IT/PPM vendor solutions by being easy to deploy quickly, easy to use and administer, and easy to afford.

“This research further validates Instantis’ market positioning as an innovator,” said Dr. Prasad Raje, Instantis founder and CEO. “More and more companies are looking to Instantis EnterpriseTrack to take advantage of our ability to deliver market leading capabilities on a SaaS platform in areas such as personalized reporting and dashboards and integrated project, strategy and process portfolio management.”

Magic Quadrant Disclaimer

The Gartner Magic Quadrant is copyrighted 2008 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 vendor’s 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.

¹ Gartner, Inc., “Magic Quadrant for IT Project and Portfolio Management” by Matt Light and Daniel B. Stang, June 16, 2008.

About INSTANTIS

Instantis is a leading provider of project portfolio management software used by business process and IT leaders to improve strategy execution and financial performance. Leading global corporations like Abbott, BP, DuPont, France Telecom, Lilly, Lenovo, Motorola and Xerox rely on a single system called EnterpriseTrack to fulfill the distinctive requirements of their strategic project portfolios such as PMO, IT, Six Sigma and Lean.