INSTANTIS Announces Strong First-Half and Second-Quarter Financial and Business Performance Results (FY2010)

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Increased revenue combined with significant business performance results and milestones related to customer acquisition and engagement, product delivery and industry analyst recognition drive momentum

www.Instantis.com

Our market-leading EPPM capabilities and FlexSaaS™ deployment options were significant factors in many of our key first-half customer acquisitions and footprint expansions such as Baxter (North America), Brambles, SCA, Sonoco...

Santa Clara, CA—Instantis, the leading on-demand provider of Enterprise Project Portfolio Management (EPPM) software used by business process and IT leaders to improve strategy execution and financial performance, announced today that revenue grew 22% in the first half of 2010 versus the first half of 2009. The second quarter saw revenue grow 40% versus second quarter 2009. This represents 21% consecutive quarter growth and 100% achievement of sales and profitability targets. In addition, the company realized several significant business performance results and milestones related to customer acquisition and engagement, product delivery and industry analyst recognition.

Instantis attributed its market momentum to the strength of its product positioning relative to two key market trends. “We are benefiting from the growing market preference for Enterprise PPM systems that manage multiple business-critical programs and strategic project portfolios in a single system and the accelerating preference for on-demand Software-as-a-Service (SaaS) deployment platforms,” said Dr. Prasad Raje, Instantis CEO. “Our market-leading EPPM capabilities and FlexSaaS™ deployment options were significant factors in many of our key first-half customer acquisitions and footprint expansions such as Baxter (North America), Brambles, SCA, Sonoco, Teva Pharmaceutical Industries and Watts Power.”

Other significant company accomplishments:

  •     Delivered EnterpriseTrack 7 Standard and PMO Edition which raises the bar for reporting flexibility and usability not only for the project and portfolio management software market
  •     Positioned as a “Visionary” in the 2010 Gartner Magic Quadrant for IT and Project Portfolio Management
  •     Hosted three customer PPM best practices webinars led by Credit-Suisse, Borusan and Grace
  •     Completed annual user group meeting and customer satisfaction survey and achieved high-water marks for customer satisfaction for both activities.

About Instantis
Instantis is the leading on-demand provider of Enterprise Project Portfolio Management (EPPM) software used by business process and IT leaders to improve strategy execution and financial performance. We do this by providing an end-to-end solution to manage, track, and report on enterprise Strategies, Processes, Projects, Portfolios, Resources, Costs and Benefits. Leading global corporations like Abbott, Credit Suisse, DuPont, France Telecom, Orange, Lilly and Xerox rely on a single system called EnterpriseTrack to manage IT, PMO, NPD, Lean and Six Sigma enterprise programs and initiatives.

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MARC GENDRON

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