Leading SaaS Solution for Integrated Portfolio Planning and Analysis Added to Changepoint's Business Execution Management Platform
TORONTO, April 2, 2015 /PRNewswire/ -- Changepoint, a leading provider of business execution management solutions, announced today it has acquired barometerIT, a provider of SaaS-based solutions in the rapidly emerging integrated portfolio planning and analysis market. Changepoint is a privately held company backed by Marlin Equity Partners, a global investment firm with over $3 billion of capital under management.
"The combination of Changepoint's solutions for managing projects, services and product development with barometerIT's ability to capture, model and analyze data from across all organizational portfolios delivers a powerful platform for aligning business strategies with planning, execution and agility," said Mark Upson, President of Changepoint. "By pairing these capabilities into a tightly integrated business execution management platform, customers receive an up-to-the-minute blueprint of their business and IT portfolio investments, and the tools to optimize performance while eliminating redundant costs."
barometerIT offers integrated portfolio analysis that enables continuous alignment of strategic objectives and operational initiatives. Its unparalleled mapping capabilities deliver real-time views and on-demand executive context on business health, risks, redundancies and investment performance against objectives. This has proven to deliver impactful results in weeks, as compared to the months or years typically expended in corporate enterprise architecture initiatives. The technology enables customers to realize value remarkably faster than other products by leveraging enterprise crowdsourcing to gain accurate and in-depth information from across technology, business, project and human capital portfolios.
barometerIT has been widely acknowledged for its innovative approach in achieving cross portfolio enterprise intelligence, resulting in the company's recognition as a "Visionary" in the 2014 Gartner Magic Quadrant for Integrated IT Portfolio Analysis and as a "Gartner 2014 Cool Vendor." [1]
Changepoint will continue to develop barometerIT as an independent offering while tightly integrating its powerful enterprise portfolio management capabilities with Changepoint's robust Project Portfolio Management (PPM), Professional Services Automation (PSA) and New Product Development (NPD) products. The combined suite will bring a true end-to-end solution to customers looking to advance enterprise intelligence and more closely align strategy with execution to improve business performance and decision-making.
Together, barometerIT and Changepoint enable customers to:
- Easily map complex relationships across project, application, technology, service and other business-critical portfolios
- Audit enterprise portfolios for security, end of life and compliance risk
- Identify business and investment risks/redundancies before they have severe downstream impacts
- Better track and migrate IT spending from sustainment to innovation
- Continually rationalize investments and align (or re-align) initiatives/performance with objectives
- Improve organizational effectiveness by providing up-to-date visibility into resource, application and technology models across systems with complex interdependencies
"Enterprises are evolving their approaches to strategic planning and actively seeking more holistic visibility across their investment, project, asset and service portfolios," said Jim Byrnes, CEO of Changepoint. "Adding barometerIT to Changepoint's solution suite creates a business execution management platform that delivers the invaluable strategic oversight enterprises need to continuously improve business outcomes."
[1] Gartner, Cool Vendors in Program and Portfolio Management, 2014, Robert A. Handler, Jim Duggan, Daniel B. Stang, 2 May 2014. Gartner Magic Quadrant for Integrated IT Portfolio Analysis, 2014, Daniel B. Stang, Jim Duggan, 18 November 2014.
About Changepoint
Changepoint provides recognized market-leading solutions in Professional Services Automation (PSA) and Project Portfolio Management (PPM) complete with comprehensive and flexible delivery options that meet the various diverse needs of customers of all sizes, from small installations up to the largest and most complex enterprises. Businesses worldwide count on Changepoint solutions to drive smarter business decisions, accelerate innovation and increase efficiencies so they can effectively adapt to today's rapidly changing economic conditions and competitive dynamics. Changepoint maintains operations in North America, Latin America, EMEA and APAC and services customers across six continents. For more information, visit: www.changepoint.com.
About barometerIT
barometerIT's SaaS-based software maps an enterprise in real-time, effortlessly creating trusted, actionable, high-value information necessary to support application rationalization, IT alignment, portfolio optimization and organizational transparency. For more information visit www.barometerit.com.
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SOURCE Changepoint
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