PowerSteering Software Positioned as a “Visionary” in 2011 Magic Quadrant for IT Portfolio Management

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Leading analyst report focuses on integrated IT portfolio management to aid better CIO decision making

PowerSteering Software, the leading provider of business-driven project & portfolio management (PPM) solutions, today announced it was recognized as a Visionary in the 2011 Magic Quadrant for Integrated IT Portfolio Analysis Applications.

According to the report, “in an environment of tight money, IT portfolio managers need to move toward an IT capability focus and not an application, service or single-project focus.” Software providers included offer cross-portfolio level visibility to support holistic investment planning and prioritization without burdening users with detailed project management level metrics.

PowerSteering’s top-down, business driven portfolio management approach aligns with the inclusion criteria satisfying “major integrated IT portfolio analysis needs to serve up pertinent information needed by senior business and IT leaders – especially CIOs – for better decision making, while targeting ‘as users’ two or more of the following roles within IT: IT PPM leaders, application managers, application development (AD) managers and enterprise architects.”

“We’re very pleased with this recognition, which in combination with achieving the highest possible rating given of ‘Strong Positive’ in the PPM MarketScope, we believe solidifies PowerSteering’s position in the market,” commented Stephen Sharp PowerSteering's Chief Executive Officer. “The report supports our perspective that PPM, when applied strategically, is a driver for improved decision making.”

Magic Quadrant Disclaimer

The Gartner Magic Quadrant is copyrighted 2011 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.

¹ Gartner, Inc., "Magic Quadrant for IT Project and Portfolio Management" by Daniel B. Stang, August 8, 2011.

About PowerSteering Software

PowerSteering Software is the leader in business-driven project & portfolio management (PPM) solutions for managing IT Governance, PMOs, Performance Improvement, Product Development, and other strategic initiatives. Its easy-to-use software provides business executives at BayCare, Frito-Lay, Merck, PolyOne, Shaw Industries, UK National Health Service, US Department of Defense, and over 140 other customers with executive visibility, strategy alignment, and team productivity to drive strategy and accelerate results across the organization.

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Linda Duchin