SAN FRANCISCO, Dec. 16, 2010 /PRNewswire/ -- Innotas, the leading provider of Cloud solutions for IT Management, has announced today that the IDC MarketScape Report released in November scored Innotas as a Leader in the IT PPM SaaS segment for the second year in a row.
The IDC MarketScape Report indicated that Innotas executed well with its IT-focused approach and commitment to targeted, consistent client relationships. Innotas' product updates have evolved product functionality in appropriate directions and deepened the company's IT PPM focus. Innotas' recent Product Release included a new task workbench with an interactive interface to help simplify definition of project plans, enhancements to reporting tools and more robust API support.
According to the IDC MarketScape Report, many Innotas clients specifically chose the company as a result of its Cloud approach and SaaS delivery model. A major credit union customer of Innotas went from more than 75% projects being late and over budget in 2007 to 2009/10, by which time they brought that down to more than 60% of projects finished on time and under budget. Business critical projects have shown that the investment has paid off resulting in better visibility on a majority of high priority projects that were almost universally a failure in 2008.
"We are delighted to continue to be recognized as a Leader in the IDC MarketScape Report," said Kevin Kern, Innotas CEO. "We focused our resources in 2010 to developing more sophisticated IT management reporting tools, and the ability to track time, people and money against all the requests through delivery by IT. Innotas is pleased to be validated by IDC and our valuable customers."
About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
Innotas Cloud solutions for IT Management is a seamless way to manage Resources, Applications and Projects across all IT. With a strong foundation in Project Portfolio Management and Application Portfolio Management, Innotas provides CIOs and IT Management with Cloud-based 360 degree visibility across both strategic initiatives and sustaining operations for improved decision making across the entire IT portfolio. Innotas customers include Forbes, Tiffany & Co., Crocs, Crayola, City of Memphis, and Hamilton Beach. For more information please visit www.innotas.com or contact us at 866-692-7362.