Leading Industry Analyst Firm Positions Innotas in Project and Portfolio Management (PPM) Industry Visionaries Quadrant

SAN FRANCISCO, CA, Jun 16 (MARKET WIRE) --
Innotas, (www.innotas.com), the only on-demand IT Governance provider,
has been placed by Gartner (www.gartner.com) in the Visionaries Quadrant
in the June 2, 2009 Gartner analysis, "Magic Quadrant for IT Project and
Portfolio Management" by Dan Stang, principal research analyst and
Michael Hanford, research director.

While Innotas on-demand IT Governance is built on a strong foundation in
IT Project Portfolio Management (PPM), which is used to manage strategic
initiatives, it also includes Application Portfolio Management (APM)
http://www.innotas.com/on-demand-it-governance/application-portfolio-management.
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capabilities aimed at providing visibility into sustaining IT operations
and maintenance activities. These include Service Request Management,
Application Management, Application Portfolio Management and Resource
Management, as well as templates to support maintenance and application
requests.

In many IT organizations, strategic initiatives are managed separately
from sustaining operations, so IT management doesn't have a complete view
of all IT activities. Innotas on-demand IT Governance delivers a single
portfolio view of new projects as well as sustaining operations, thus
providing CIOs with truer visibility and transparency across their IT
activities and project portfolio.

Innotas, with its on-demand delivery model, also enables customers to be
up and running immediately, and with data loaded, the system configured
and people trained in a few weeks.

"Inclusion in the Visionaries quadrant by Gartner is great recognition for
our vision to successfully bring to market a platform that helps our
customers move their IT initiatives from just "keeping the lights on" to a
key strategic partner that drives the accountability, strategic alignment,
cost saving, and contributions to overall growth, all of which can be
facilitated by IT governance," said Keith Carlson, Innotas CEO.

Continued Carlson, "Innotas for the first time ever brings a faster, less
expensive, lower risk way to make IT governance a reality. Instead of
implementing bloated server-centric software solutions that require
expensive consultants and customization, companies are turning to
applications delivered on-demand over the Internet. On-demand software
delivers many benefits, including lower costs, faster implementation, and
higher quality solutions."

In its What You Need to Know section the report states that, "Project and
portfolio management (PPM) applications can provide visibility into the
current state of organizational initiatives, resources, and spending
through the centralized collection of data from multiple sources and
perspectives. Integration across multiple business and IT process domains
through PPM system functions provides multidimensional views of this data
for better visibility and understanding of resource supply versus project
(and other work) demand in IT and other project environments."

To be included in the Magic Quadrant analysis, vendors were evaluated
based on several factors, including:

-- Providers should come to market with at least a secondary focus on
work management automation within an IT department (although most of the
vendor's sales may be in another segment of the PPM market)

-- The provider should have gained new customers during the past 12
months and should be able to provide IT-specific customer references using
IT PPM functions in a live environment

-- Vendors are also considered for inclusion partly on the basis of
annual PPM revenue exceeding $10 million (or, in the case of emerging
vendors with a strong differentiator, strong investor backing mixed with
organic revenue growth)

-- Should also have a market presence of at least three years and their
IT PPM products must be available to the public

-- Vendor management should show deep software experience, business
education and integrity

-- IT PPM products should support the core project tracking and
management, as well as resource, time, and cost management facilities
required by IT customers, with additional support for portfolio-level
management and reporting, and a standardized demand collection mechanism

Magic Quadrant Disclaimer

The Gartner Magic Quadrant is copyrighted 2009 by Gartner, Inc., and is
reused with permission. The Magic Quadrant is a graphical representation
of a marketplace at and for a specific time period. It depicts Gartner's
analysis of how certain vendors measure against criteria for that
marketplace, as defined by Gartner. Gartner does not endorse any vendor,
product or service depicted in the Magic Quadrant, and does not advise
technology users to select only those vendors placed in the "Leaders"
quadrant. The Magic Quadrant is intended solely as a research tool, and is
not meant to be a specific guide to action. Gartner disclaims all
warranties, express or implied, with respect to this research, including
any warranties of merchantability or fitness for a particular purpose.

About Innotas

Innotas provides the only on-demand IT Governance solution -- an
easy-to-use, rapid-to-deploy, and cost-effective way to manage resources
and budgets across an IT department's entire inventory of projects,
portfolios, applications, assets, and service requests. With its strong
foundation in Project Portfolio Management and Application Portfolio
Management, Innotas provides CIOs and IT management with visibility across
both strategic initiatives and sustaining operations for improved decision
making across the entire IT portfolio. Our customers, including the City
of Memphis, Crayola, Forbes, Hamilton Beach, Jo-Ann Stores, The Northwest
Company Inc., World Vision and many others, span a wide range of
industries including financial services, government, healthcare, retail,
technology, telecommunications and energy. For more information please
visit www.innotas.com or contact us at +1 415.814.7700.

Contact:
Seth Geisler
Martin Levy Public Relations
858.610.9860
Email Contact

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