Innotas Named "Cool Vendor" by Leading Analyst Firm

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Vendors selected for the “Cool Vendor report” are innovative, impactful and intriguing

Innotas, (http://www.innotas.com), a leading provider of On-Demand IT Governance, has been included in the list of “Cool Vendors” in the “Cool Vendors in Application Strategy, Governance and Overhaul, 2010” report by Gartner, Inc. The report highlights vendors with tools that promise faster, more-successful transformation projects.

"We are pleased to be recognized by Gartner as a cool vendor,” said Keith Carlson, Innotas CEO. “We continue to support the 21st Century CIO by lowering the barriers of entry for best in class IT Governance and Project Portfolio Management. Our mission is to offer a cost effective Software as a Service solution that enables organizations to take advantage of the benefits of high quality, scalable PPM and to deliver significant visibility and value to their organizations.”

Innotas on-demand IT Governance is built on a strong foundation of best practices for IT Project Portfolio Management (PPM), which is used to manage strategic initiatives, It also includes Application Portfolio Management (APM) capabilities aimed at providing visibility into sustaining IT operations and maintenance activities. These include Service Request Management, Application Management, Application Portfolio Management and Resource Management, as well as templates to support maintenance and application requests.

Innotas was also placed by Gartner (http://www.gartner.com) in the Visionaries Quadrant in the June 2, 2009 Gartner analysis, "Magic Quadrant for IT Project and Portfolio Management" by Dan Stang, principal research analyst and Michael Hanford, research director.

About Gartner's Cool Vendors Selection Process
Gartner's listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose. Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn't do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner's interest or curiosity in approximately the past six months.

About the Magic Quadrant
The Gartner Magic Quadrant is copyrighted 2009 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 vendors 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.

About Innotas
Innotas provides a ground-breaking on-demand IT Governance solution -- an easy-to-use, rapid-to-deploy, and cost-effective way to manage resources and budgets across an IT department's entire inventory of projects, portfolios, applications, assets, and service requests. With its strong foundation in Project Portfolio Management and Application Portfolio Management, Innotas provides CIOs and IT management with visibility across both strategic initiatives and sustaining operations for improved decision making across the entire IT portfolio. Our customers, including the City of Memphis, Crayola, Forbes, Hamilton Beach, Jo-Ann Stores, The Northwest Company Inc., World Vision and many others, span a wide range of industries including financial services, government, healthcare, retail, technology, telecommunications and energy. For more information please visit http://www.innotas.com or contact us at 415.263.9000.

Contact:
Michelle Kim
Innotas
415.263.9783

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Michelle Kim
Innotas
415 263 9783
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