Innotas Launches 2010 with Strong Growth

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Q1 Growth Led by Government, Healthcare and Education

Innotas, a leading on-demand IT Governance provider, today announced that its first quarter results grew 120 percent over the same period last year. Government continues to represent healthy industry growth for Innotas, followed by education and healthcare. New customers include State of North Carolina, City of Santa Clara, University of Portland and CHRISTUS Health.

“We are especially pleased with the first quarter results as Q1 is historically a slow growth quarter for IT purchasing,” said Kevin Kern, Innotas’ world wide vice president, sales and marketing. “First quarter growth was fueled by organizations that were attracted to Innotas’ unique Recovery Act reporting capabilities. Organizations that qualify are required to demonstrate and track projects to report on how the funds are being spent. Innotas provides an easy-to-use low-cost solution for helping eligible organizations manage planning and delivery of IT resources, budgets, projects and applications with accuracy, speed and low cost”.

Recently, analyst firm Forrester Research stated, “Innotas offers American Recovery and Reinvestment Act (ARRA) support through an IT-focused PPM tool…Innotas’ IT-centric SaaS PPM offering, (enables) small to medium-sized IT shops that are interested in establishing PPM discipline while also being asked to report back on ARRA funds internally may find this a logical option.” in their report, "State And Local Government: Find ARRA Support In PPM Tools," Forrester Research, September 30, 2009.

About Forrester Research
Forrester Research, Inc. (Nasdaq: FORR) is an independent research company that provides pragmatic and forward-thinking advice to global leaders in business and technology. Forrester works with professionals in 20 key roles at major companies providing proprietary research, customer insight, consulting, events, and peer-to-peer executive programs. For more than 26 years, Forrester has been making IT, marketing, and technology industry leaders successful every day.

About Innotas
The Innotas on-demand IT Governance solution is 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 State of Montana, City of Memphis, Crayola, Forbes, Hamilton Beach, Burlington Coat Factory, 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 contact us at 415-263-9800 or toll free at 1-866-692-7362.

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Michelle Kim
Innotas
415-263-9783
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