SILICON SLOPES, Utah, April 15, 2014 /PRNewswire/ -- Today, AtTask announced results for fiscal Q1 2014, ending March 31, including 58% year-over-year total subscription growth, 73% year-over-year subscription growth from new and existing clients, and over 150% growth in the AtTask Marketing Work Cloud. Additionally, the company was positioned in the Champion quadrant of the Mid-Market Project and Portfolio Management (PPM) Vendor Landscape report by Info-Tech Research Group, Inc. for the second year in a row.
AtTask launched its Enterprise Work Management offering in January 2013. As the AtTask EWM solution has improved productivity and enhanced work visibility and accountability for AtTask customers, it has proven its appeal to enterprise teams.
"Our strong growth in Q1 2014 is further evidence that our EWM offering and value proposition are addressing critical needs in the market, and making a big impact for our customers, as is the recognition as a Champion from Info-Tech," said Eric Morgan, AtTask CEO. "As we continue to lead the market, we remain committed to building innovative solutions that solve the day-to-day chaos enterprise workers face."
Champions in the Info-Tech report receive high scores for most evaluation criteria and offer excellent value. They have a strong market presence and are usually the trendsetters for the industry.
"AtTask is a Champion in this space due to its robust feature set and ability to manage all types of work," said Barry Cousins, Senior Research Analyst at Info-Tech Research Group. "AtTask stands out with its strong "bottom-up" approach to PPM without compromising high-level portfolio functions."
While the Info-Tech Vendor Landscape report shows the strength of AtTask for IT teams, the company has also created a purpose-built solution for marketing teams. The Marketing Work Cloud, launched just over a year ago, has been embraced globally by corporate marketing teams and marketing agencies. An additional driver of growth has been the surging adoption of AtTask's mixed methodology capabilities, including Agile and waterfall, which uniquely allow businesses to manage resources and work across multiple work methodologies.
"Q1 2014 was a phenomenal quarter for AtTask. Not only did we drive exceptional growth and were ranked as a Champion in the Info-Tech Vendor Landscape report, but we also announced our Series D funding of $38 million," continued Morgan. "Starting the year out on such strong footing, we are very enthusiastic about what the remainder of 2014 will bring for the company."
AtTask is a cloud-based Enterprise Work Management solution that helps marketing, IT, and other enterprise teams conquer the chaos of excessive email, redundant status meetings, and disconnected tools. Unlike other tools, AtTask Enterprise Work Cloud is a centralized, easy-to-adopt solution for managing and collaborating on all types of work through the entire work lifecycle, which improves team productivity and executive visibility. AtTask is trusted by thousands of global enterprises, like Adobe, Cisco, HBO, House of Blues, REI, Trek, Schneider Electric, Tommy Hilfiger, Disney, and ATB Financial. To learn more, visit www.AtTask.com or follow us on Twitter @AtTask.
About Info-Tech Research Group
With a paid membership of over 30,000 members worldwide, Info-Tech Research Group (www.infotech.com) is the global leader in providing tactical, practical Information Technology research and analysis. Info-Tech Research Group has a sixteen-year history of delivering quality research and is North America's fastest growing full-service IT analyst firm.