February 25, 2016 (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 a 14% year-over-year increase in revenue during the fiscal year 2015 despite a major transformation to the recurring software-as-a-service (SaaS) business model.
Planisware’s shifting focus to SaaS in 2015 led to doubled growth in annual recurring revenue. The majority of new customers, primarily comprised of mid-sized organizations, selected the SaaS offering, opting for an all-in-one PPM solution with an accelerated startup period. Further, Planisware experienced a boost in SaaS business from a customer base trending from on-premise to SaaS contracts for improved service and reduced total cost of ownership (TCO).
The switch to SaaS has been most prominent in the North American market,” said Pierre Demonsant, CEO and co-founder of Planisware. “Here in particular, we continue to witness a dynamic uptick in growth due to the increasing adoption of our SaaS offering by mid-sized organizations seeking a competitive advantage over their peers. This is a very positive development for a market that has traditionally relied heavily on siloed, non-integrated PPM applications.
Increased investment in developing industry-differentiated PPM solutions that support industry-specific processes attracted new customers across the NPD market - expanding Planisware’s presence in High Tech, Chemicals, Automotive, Food and Beverages, and Consumer Packaged Goods, and strengthening Planisware’s continued leadership in the Life Sciences. At close of 2015, Planisware’s customer base included one third of the top 100 R&D spenders worldwide including Pfizer, Ford, Philips, and DuPont, as well as leading innovators such as Incyte, MSA Safety, Inc. and Zebra Technologies.
In “The Forrester Wave™: Portfolio Management Tools for the BT Agenda, Q1 2015,” industry analysts Margo Visitacion and Gordon Barnett recognized Planisware as a Leader in Portfolio Management for the business technology agenda. According to the study, Planisware “embraces the full [product development] life cycle from strategy to execution.” Planisware was awarded the highest score achieved out of all vendors in the Current Offering category.
In 2015 Planisware incorporated several new advancements in Planisware’s flagship enterprise PPM software, Planisware V6. Key releases included:
- Planisware’s Product Management Module, which enables product managers to manage product data throughout its lifecycle directly within the integrated PPM system;
- Planisware Tour, which offers self-guided tours through Planisware software modules and leverages Planisware’s Best Practice library of project and process templates to facilitate user on-boarding and system adoption while lowering deployment costs;
- A major facelift to Planisware Mobile, which enables work on-the-go across various user profiles, increasing user productivity.
“Over the past couple of years, our solutions have been adopted more broadly in the market by both new industry verticals and companies less well-versed in PPM. For me, this is a positive sign that we have succeeded in articulating a compelling value proposition and making Planisware easy to adopt – a direction we will continue to commit to in the coming years,” says Pierre.
In 2016, Planisware will continue to foster a strong user community with events such as its North America User Summit this May 18-19 in San Francisco and regional best practice meetings throughout the year. Planisware will extend its dedication to customer experience with an improved customer care and success program.