On-Demand IT Governance Provider Innotas Posts Record Q1 2009 Sales

SAN FRANCISCO, CA--(Marketwire - May 14, 2009) - Innotas, the on-demand IT Governance provider, posted record sales for Q1 2009 and more than doubled sales compared to Q1 2008, the company announced today. New Q1 customers include Sports Authority, City of Los Angeles, State of Alaska and dozens more.

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 both new projects and sustaining operations, thus providing CIOs with truer visibility and transparency across their IT activities and project portfolio.

With greater visibility, CIOs can make more informed decisions about priorities, and ensure that high priority is given to activities that drive business value. Additionally, with Innotas on-demand IT Governance, IT leaders can manage budgets and resources across all work and projects, tracking the cost of both the strategic project portfolio as well as the application lifecycle, from implementation, management and maintenance, to upgrades and redundancy.

"Progressive CIOs understand that today IT is not just about keeping the lights on, but about running IT as a business unit that can make money and save money on behalf of the organization," said Mykolas Rambus, CIO, Forbes. "IT governance is about driving greater transparency, through which you can showcase how IT is not a cost-center, but an aggregation of projects to which you can affix ROI, define areas from which you can squeeze out greater efficiencies, and focus on the activities that drive value and ultimately help grow the business. Innotas on-demand IT Governance has significantly helped us define, quantify and drive those activities and that type of communication at Forbes," continued Rambus.

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 capabilities aimed at providing visibility into sustaining IT operations and maintenance activities. These include Service Request Management, Application Management, Application Portfolio Management, Resource Management, and Financial Management, as well as templates to support maintenance and application requests.

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

"Traditionally IT governance has been perceived as expensive and difficult to achieve, so many enterprises and IT organizations have not devoted resources to implement governance solutions that are comparable with other enterprise-class management systems," said Keith Carlson, Innotas President and CEO. "Innotas not only takes less time to implement than on-premise IT governance solutions, but also enables IT to establish governance and oversight without a huge upfront/CAPEX investment. Companies that recognize the value of on-demand IT governance will have a unique opportunity to gain a competitive advantage by transforming IT from a cost center into a value-driver for the enterprise," continued Carlson.

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 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 Information: Contact: Seth Geisler Martin Levy Public Relations 858.610.9860