Instantis Posts Record Second-Half 2011 Sales Results in a Year of Strong Overall Business Performance and Profitability

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Growth driven by balance of new account acquisitions and footprint expansions at existing accounts spanning major industry sectors and geographies

Instantis

Instantis, the leading provider of Enterprise Project Portfolio Management (EPPM) software used by IT and business process leaders to improve strategy execution and financial performance through more effective people and work management, announced 83% growth in bookings from new deals in the second half of 2011 compared to the first half and 39% growth in bookings from new deals in FY11 compared to FY10.

Growth was driven by a balance of new account acquisitions and footprint expansions at existing accounts spanning major industry sectors and geographies. Most recently these include College of American Pathologists, Comerica Bank, Genco, Johnson & Johnson, Momentive Specialty Chemicals, NCR, Optus, Roche, Unipart, WEA Trust, Western Australia Department of Health and W.R. Grace & Co. Instantis attributes strong market and account penetration to its focus on high customer satisfaction and user acceptance levels, continuous usability improvements to its flagship EnterpriseTrack™ solution, and its Enterprise PPM strategy.

“We are seeing validation of our Enterprise PPM strategy which takes a more integrated and top-down approach to managing all project-intensive work and resources across the enterprise in a single system,” said Dr. Prasad Raje, Instantis founder and CEO. “By far the largest growth segment of our business is organizations that are looking to use EnterpriseTrack to manage simultaneously more than one project portfolio type, such as IT PMO, new product development and innovation, and process excellence. And, now they are starting to see the benefits like improved strategy and program execution, enterprise-wide resource management, and enhanced project-portfolio-related decision support through executive-level dashboards and reports.”

In addition to customer validation, the company also pointed to industry analyst support for the Instantis vision and market positioning. In a recent report published by Info-Tech Research Group entitled “Vendor Landscape: Enterprise Project Portfolio Management", EnterpriseTrack achieved a rating of "Exemplary" – the highest rating given – in the categories of Usability, Price, Platform, and Strategy and received the next highest rating in all but one category, leading to an overall product listing as "Exemplary." This recognition came on the heels of receiving the highest rating given “Strong Positive” in the most recent “Gartner 2011 MarketScope for PPM Applications.”

"Consider Instantis for managing multiple portfolio types in a single solution," said Barry Cousins, Senior Research Analyst, Info-Tech Research Group. "The solution is highly configurable and easy to learn."

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, Genentech, Grace, Orange, Lilly, National Grid and Xerox rely on a single system called EnterpriseTrack to manage enterprise-wide IT, PMO, product development, and continuous process improvement programs and initiatives.

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Marc Gendron
MarComm PR
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