Santa Clara, CA (PRWEB) April 27, 2009
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 its business results for the first quarter of its 2009 fiscal year. Bookings grew 60% sequentially in the first quarter versus the fourth quarter of 2008.
Instantis attributed its strong results in a difficult economy primarily to the strength of its software's value proposition which enables organizations to complete more, higher value projects by optimizing resource utilization and project team productivity. Key additional factors included the diversity of its target markets, larger deal sizes and the loyalty of its customer base as reflected by the high rate of footprint expansion, upgrades and renewals.
"We experienced continued strength selling to and servicing more economically resilient industry sectors," said Dr. Prasad Raje, Instantis CEO. "This includes consumer packaged goods and supply chain companies like Genco and Graham Packaging, as well as pharmaceutical and healthcare such as Abbott, Cigna, Johnson & Johnson and McKesson."
Instantis is the leading provider of on-demand software for managing top-down initiatives to improve financial performance and achieve operational excellence. Leading global corporations like DuPont, Cardinal Health, Credit Suisse, France Telecom, McKesson, Motorola, Quest Diagnostics and Xerox rely on Instantis software to manage strategy and project portfolio execution for initiatives like Six Sigma, Lean, IT, New Product Development and others.
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