Press Release

Planisware Achieves Double Digit Growth in 2011

Tuesday, February 14, 2012 I San Francisco, California (USA) I Press Release I Corporate

Planisware posts solid business gains and demonstrates leadership in the new product development space with a strong customer base, a growing international footprint, continued product innovations, positive analyst reviews, and expanded customer services.

Planisware™ – the leading global provider of world-class Project & Product Portfolio Management solutions for new product development (NPD) organizations – recently announced continued business success for 2011, realizing double-digit growth worldwide with earnings of $38 million in revenue. In the U.S. alone, Planisware’s revenue increased by 20% from 2010.

A global market leader in the NPD space, Planisware’s 2011 growth was fueled by a 99% customer retention rate and the acquisition of more than 20 new accounts. The new contracts solidified the organization’s dominance in the life sciences sector – Planisware’s customer roster now includes 11 out of the top 12 pharmaceutical companies in the world – and bolstered Planisware’s presence in the transportation, power, water and insurance industries. Planisware maintained its position as a major player in the automotive, aerospace, and IT sectors, and further extended its expansion in Asia, acquiring new customers in Japan and South Korea.

Delivering on the commitment to extend world-class solutions and services, Planisware announced the ability to integrate with Rally Software’s Agile ALM platform that facilitates efficient collaboration between project managers and Agile development teams, and migrated many customers to its latest product enhancement release, Planisware 5.2. Planisware Live, the company’s SaaS platform, saw a rise in popularity, with an aggressive adoption rate more than three times that in 2010, while increased numbers of customers also turned to FlexPace, Planisware’s agile-inspired methodology that accelerates the implementation process and aids internal user adoption.

Several top analyst firms recognized Planisware in 2011, with Daniel B. Stang, Research Director, from Gartner naming the company as a “Challenger” in Magic Quadrant for Integrated IT Portfolio Analysis Applications1 and assigning a “positive” rating in MarketScope for Project and Portfolio Management Applications2. Furthermore, IDC named Planisware as a “Major Player” in its IDC MarketScape3 and the Info-Tech Research Group listed the company as the sole “Champion” in its Enterprise Project Portfolio Vendor Landscape4.

Planisware’s dedication to customer outreach gained momentum in 2011, with an expanded user portal platform that provides customers with the latest news in product updates and company events, easy access to support, and the ability to network with other users. Annual user conferences in Paris, Munich and Miami, were met with positive reviews and several customer-initiated, customer-run best practice user groups continued to meet periodically to share best practices and tips on how to best leverage the Planisware solution. Additional service offerings included consultant-led cross-company training courses and a webinar on “Portfolio Management Done Right,” featuring guest speaker Margo Visitacion, Vice President and Principal Analyst from Forrester.

"Despite adverse economic conditions, Planisware has achieved 50% growth in global revenue since 2008. Our presence grows steadily in the United States and Europe, and is thriving in Asia & the Middle East,” said Pierre Demonsant, CEO and founder of Planisware. “Continued investment from our strong customer base tells me that our clients recognize the value of our solutions. By design, Planisware’s strict focus on Project & Product Portfolio Management results in superior technology that helps our customers promote transparency, increase efficiency and ultimately bring more products faster to market, while our outstanding FlexPace program addresses the adoption of our system by end-users and ensures they are able to reap the maximum benefit of our solutions. In 2012, I look forward to progressing our work with our customers – and providing them with the most effective innovations in the industry.”

Plans for 2012 include the launch of Planisware 5.3 in the spring, which will feature improved P&L and road mapping capabilities and align with the debut of Planisware Explorer, Planisware’s business intelligence tool. The company will also host its annual conferences – in Washington, D.C. in May, Munich in June, and Paris in October – and add a new automotive conference in Germany.

For more information on Planisware, please visit www.planisware.com or call 888-752-6479.

About Planisware™

Planisware is the leading global provider of world-class Project & Product Portfolio Management solutions. Planisware’s acclaimed configurability accommodates the company’s global customers across a variety of industries and empowers users to align the solution with key business programs and portfolio management processes. To learn more about Planisware, please visit www.planisware.com or call 888-752-6479.

Press Contact:
Theresa Hwang
415-591-0941, ext. 17
theresa.hwang@planisware.com

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Gartner, Inc. "Magic Quadrant for Integrated IT Portfolio Analysis Applications" by Daniel B. Stang, 8 August 2011
2 Gartner, Inc. “MarketScope for Project and Portfolio Management Applications” by Daniel B. Stang, 13 June 2011
3 IDC, “It’s Time To Revisit PPM For Product Development,” 15 December 2011
4 Info-Tech Research Group. “Enterprise Project Portfolio Vendor Landscape,” January 2011