On-Demand IT Governance Provider Innotas Continues Strong Growth Trajectory

SAN FRANCISCO, CA--(Marketwire - August 24, 2009) - Innotas, a leading on-demand IT Governance provider, today announced that its end-of-Q2 bookings came in at 135 percent of its bookings over the same period last year. Government continues to be an especially healthy industry of growth for Innotas, followed by health care, insurance and financial services.

Customers signed in Q2 include Blackhawk (a division of Safeway Stores), Sally Beauty, and the Minnesota Department of Transportation.

"In these difficult economic times, CIOs are challenged to do more with less," said Keith Carlson, Innotas president and CEO. "In order to do so, they need tools that enable them to balance their valuable resources across strategic projects and sustaining operations. Innotas provides both an easy path toward better alignment of resources, applications and the IT project portfolio, and a mechanism to manage, analyze and adjust those dials on a daily basis. This is in part why our growth trajectory has been so strong despite the economic downturn."

Recently, analyst firm IDC (www.idc.com) positioned Innotas as an industry leader in its IDC MarketScape SaaS/On Demand ITPPM Market View and noted that the company is helping drive SaaS adoption and innovation. The report, "IDC MarketScape: IT Project and Portfolio Management, 2009 Vendor Analysis," was released on July 24 and is authored by Melinda-Carol Ballou program director and Joseph C. Pucciarelli program director.

Additionally, Gartner (www.gartner.com) placed Innotas in the Visionaries Quadrant of its "Magic Quadrant for IT Project and Portfolio Management," which was released June 2, 2009, and authored by Dan Stang, principal research analyst and Michael Hanford, research director.

To learn more about how customers are using Innotas on-demand IT Governance, download the Innotas eBook, "The 7 Undeniable Truths of IT Governance: Success stories from companies that didn't wait until it was too late."

About IDC MarketScape

The 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.

About the Magic Quadrant

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

The Innotas on-demand IT Governance solution is 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 Information: Contact: Seth Geisler Martin Levy Public Relations 858.610.9860