CARLSBAD, Calif., June 18, 2013 /PRNewswire/ -- EPM Live, the leading enterprise work management platform built on Microsoft™ SharePoint and part of Upland Software's family of cloud-based project, portfolio, and work management applications, today announced that it has been named the sole "Challenger" in the Gartner 2013 Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services for the second straight year.
The recently published Magic Quadrant assessed thirteen cloud PPM vendors in terms of their completeness of vision and ability to execute.
According to the report, in the current economic climate demand for cloud-based PPM services is and will remain high, as "IT project and portfolio management (PPM) leaders are under extreme pressure to improve the speed, accuracy, and agility of their project organization, while also managing risks and costs." In explaining what distinguishes Challengers from other vendors covered in the research, the authors note that "Cloud-based IT PPM service providers in the Challengers quadrant resemble Leaders in many ways, such as product depth and breadth — combined with enough experienced product development, sales and marketing personnel to effectively reach and meet the needs of the market. In fact, most of the description above about Leaders can be applied to Challengers. Challengers, however, appear as such mainly because they may have recently embraced cloud-based IT PPM SaaS as their main business model, or their cloud-based business model, although the focal point going forward, has not eclipsed their other business models, which may include a history in on premises and/or hosted PPM software implementations."
"Cloud-based Project and Portfolio Management is one of the fast growing business segments today. Leveraging Microsoft SharePoint, our solution provides the breadth and scalability to meet the demanding needs of today's organization," said Joe Larscheid, EPM Live General Manager. "By offering both On-Premise and SaaS solutions, EPM Live is able to provide enterprise work management that supports both markets and giving our customers the flexibility and deployment options they need to make them successful. We believe our recognition as the only Challenger in the Magic Quadrant is a true affirmation of our vision and intent to meet the needs of a rapidly growing and changing market."
EPM Live's innovative cloud-based SharePoint Project Management software is able to support both project execution level and project portfolio level customers. The application's configurability and unique app marketplace allows it to quickly and easily meet the business needs of all departments and verticals, such as IT, Project Portfolio Management, New Product Development, Application Lifecycle Management, and Professional Services Automation. Its numerous out-of-the-box integrations allow organizations to bring all work into EPM Live for overall visibility and insight in one centralized location.
EPM Live believes Gartner's recognition further supports its recent successes. EPM Live recorded a record breaking year in 2012 and continues to see strong growth for 2013.
About the Magic Quadrant
"Magic Quadrant for Cloud-Based Project and Portfolio Management Services," Daniel B. Stang and Robert A. Handler, Gartner, Inc. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About EPM Live
EPM Live is the leading Enterprise Work Management solution and the first build-to-order platform that extends project portfolio management (PPM) to all areas of the business regardless of work focus. Based on Microsoft® SharePoint with a familiar and easy to use interface, EPM Live enables organizations small or large to apply cost saving disciplines such as delivering projects successfully, optimizing resource utilization, and selecting the right work across the enterprise, including in new product development, IT, services, operations, sales & marketing, and project management. A 2013 CODiE finalist for Best Project Management Solution, EPM Live is part of the Upland family of cloud-based project, portfolio, and work management software products. To learn more, visit www.epmlive.com.
About Upland Software
Upland is the world's largest cloud provider of enterprise software for project, portfolio and work management. Upland is the only cloud software provider that offers a comprehensive family of applications that enable organizations to align their goals, projects and programs, optimize their resource utilization and workflows, and empower teams to collaborate and work effectively. From strategic planning to work execution, Upland drives business results for more than 1,200 enterprise clients with 300,000 active users in 50 plus countries. Visit www.uplandsoftware.com for more information.
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SOURCE EPM Live