Instantis Posts Record First-Half 2012 Financial Results Following Record 2011 Business Performance

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Momentum expected to continue in the second half as a result of strong cloud positioning and key industry analyst vendor evaluation results.

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 business growth and expansion along multiple dimensions. They include sales, profit, new clients, employees and partners. Financial highlights included 43% growth in total bookings and 91% growth in new deal bookings versus the first half of 2011.

New clients, representing all major geographies and a range of industries, include Astellas, Axis Capital, BB&T, Mott McDonald, Singtel, Transcontinental, Trover Solutions, Unipart, USF Health and Verizon. Instantis also experienced some very large footprint expansions among existing clients which the company described as a gratifying sign of customer acceptance and success with the EnterpriseTrack system.

“We are especially excited about the business momentum we are carrying into the second half,” said Dr. Prasad Raje, Instantis founder and CEO. “This will accelerate as the impact of the latest Gartner vendor evaluation results are absorbed in the marketplace.” Instantis was positioned in the Leader quadrant in the “Magic Quadrant for Cloud-Based Project and Portfolio Management Services” published 27 June 2012 (Daniel B. Stang, Robert A. Handler).

About Instantis
Instantis is a leading provider of cloud project & portfolio management software used by IT and business process leaders to improve strategy execution through more effective work and resource management. Leading global corporations like Abbott, Baxter, Credit Suisse, DuPont, Lilly, National Grid and Xerox rely on a single system called EnterpriseTrack to fulfill the distinctive requirements of their strategic project portfolios such as Enterprise PMO, IT PPM, New Product Development, and Lean Six Sigma.

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Marc Gendron
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