Bit Economics welcomes two new portfolio managers and announces it has reached its goal of over US$1.5 billion under management.

The leading provider of the only patent pending and true enterprise portfolio management solution, 9dimensions, has reached its goal of US$1.5 billion under management and in support of this growth has brought on board two new Sr. Bit Economists.

San Francisco, CA (PRWEB) June 7, 2003 - Bit Economics today announced that it has reached its milestone of over US$1.5 billion under management utilizing its Enterprise Portfolio Management solution, 9dimensions and the addition of Ms. Roth and Ms. Martin to the portfolio management group.

Ms. Roth, has over 15 years experience in financial planning and operational effectiveness consulting, and has served as a Senior Vice President in a global consumer goods manufacturing and distribution company where she focused on supply chain redesign and optimization, financial planning and valuation. Prior to that, she was a Vice President in a global private conglomerate where she focused on improving manufacturing, financial and accounting processes and operations. Mr. Roth began her career in a global accounting firm, moving from staff to manager in under five years.

Ms. Martin has over 11 years experience in executive information systems (EIS) design and implementation and recently served as a Senior Manager in a global strategic consulting group where she focused on decision support, balanced scorecards and dashboard performance systems for a variety of Fortune 1000 clients. She previously served as a Program Manager in a large software company.

"The welcome addition of both Ms. Roth and Ms. Martin promises to further strengthen our core capabilities, business development efforts and enhance key portfolio process areas in our methods and solution," said Charlene Grant, Chief Operations Officer. "We sought, and finally found, extremely qualified, confident and motivated people to facilitate the transformation of our clients investment management and stewardship practices. We are thrilled that they have chosen to add their leadership abilities and depth of experience to our management team."

Bit Economics saw some deceleration of their growth rate in the first quarter due to economic uncertainties related to the war and lingering confusion in the market over what constitutes a true enterprise portfolio management (EPM) solution. A deep divide exists between the functionality provided by vendors who offer enhanced aggregate reporting features on their traditional project and program management tools and those who have taken a fresh approach to the matter. "Most vendors are hamstrung by their past solutions when trying to take advantage of new opportunities. They are still having difficulties answering the toughest questions," said Maximilian Boroumand, CEO and Managing Director. "We were seeing mixed outlook signals during the first quarter but it has resolved itself in our favor during the first half of this year. Our solutions track record of reducing failure rates from an average of 70% to less than 20%, combined with cost savings of at least 10% has helped alleviate any confusion. Over the past year, we have saved our clients over $140 million. Our clients are seeing substantial benefits from more disciplined investment delivery and value assurance processes. With the help of our new Sr. Bit Economists, and the continued dedication and leadership of our entire team, I am confident we can achieve all of our milestones."

About Bit Economics

Bit Economics is an exclusive advisory services group whose primary focus is on value-based management and the economics of information. We work with both IT and business organizations in managing and evaluating risk, managing initiative relationships, as well as returns analysis. Our clients to date have ranged from multi-national corporations to venture firms and startups. We have worked in the following sectors: Healthcare, High Tech, Consumer Goods, Energy and Financial Institutions. Please visit us at www.BitEconomics.com or contact us at Information@BitEconomics.com.