Planisware Continues Double-Digit Revenue Growth and Extends Leadership in the PPM for NPD Market in 2014
Planisware, a global provider of PPM software, enjoys consistent revenue growth from differentiated industry solutions, upgraded SaaS offerings, an enhanced best practices approach, and a major product release.
February 10, 2015 (San Francisco, Ca.)– Planisware – the leading global provider of Project and Product Portfolio Management (PPM) software solutions for new product development (NPD) organizations – today reported earnings of $52M, a 12% year-over-year increase during the 2014 fiscal year. In the US alone, Planisware experienced growth in revenues in excess of 20% for the second year in a row, including a 40% boost in recurring SaaS revenues. Planisware continues to maintain a consistent track record of profitability since inception in 1996.
In 2014, the company’s approach of offering industry-differentiated PPM solutions that support distinct R&D processes was leveraged in thirty-five new implementations that spanned the automotive, high-tech, life science, chemicals, energy and aerospace industries, strengthening Planisware’s leadership within the NPD market and broadening Planisware’s presence across North America, South America, Europe, Australia, Asia and the Middle East.
The organization’s customer base now includes 40% of the top 60 R&D spenders worldwide and includes industry giants such as Ford, Philips, Pfizer, Airbus, DuPont and Shell.
Our top priority is providing customers with solutions that enable them to get the right products to market faster,” said Pierre Demonsant, CEO and founder of Planisware. “Our long-term experience in NPD means we understand the subtle and not-so-subtle differences among innovation and product development processes across key industries. This helps us help our customers gain better business results and a competitive edge.
In April, Planisware launched its biggest product release to date, Planisware V6. Featuring a sleek, mobile-friendly design, Planisware V6 helps users focus on what’s most important – their data and analytics. New to the solution are capabilities such as agile work management support, increased control for system administrators, and improved performance and scalability.
The launch of Noovem, Planisware’s entry-level SaaS offering, lowered the barrier for entry of implementing the PPM solution, while accelerating time to launch and minimizing TCO. To accompany fast-paced implementations, the organization continued to develop its best practice guidance services to help bridge the customer journey to adoption.
Industry experts recognized Planisware’s growth and product enhancements with Info-Tech naming Planisware “Champion” in its annual “Vendor Landscape: Enterprise Project Portfolio Management” report. The analyst group stated that “Planisware continues to be the top-scoring overall vendor … [showing] the most overall commitment to innovation,” and awarded the group with its 2014 “Trend Setter” award, noting the solution’s CEO roadmaps and presentation view for planning meetings and presentations.
In 2015, Planisware will continue its commitment to innovation excellence with new product enhancements in business intelligence, increased best practice and coaching support services, private cloud installations, and exclusive customer events.