APRIL 13, 2007
INNOTAS JOINS BAY AREA ENTREPRENEURS FOUNDATION
Employees embrace opportunity to give back to the local community
SAN FRANCISCO, CALIF., APRIL 13, 2007 — Innotas, the provider of the only on-demand Project Portfolio Management (PPM) solution designed specifically for IT departments, today announced it has joined the Entrepreneurs Foundation of the Bay Area, a non-profit organization with more than 150 corporate partners dedicated to corporate citizenship and philanthropy. The Foundation engages high growth companies through its charitable programs including corporate giving, corporate infrastructure, community education, employee volunteerism, business practices and employee giving so that new and leveraged resources are generated for community benefit.
"Our employees have embraced this opportunity to give back to the local community," said CEO Keith Carlson, Innotas. "We are proud to be part of Entrepreneurs Foundation and we share the Foundation′s commitment to strengthening the communities in which we live and work."
To date, Entrepreneurs Foundation and its participating companies have engaged 10,000 employees who have contributed more than $5 million to support more than 140 nonprofit and social benefit organizations, worldwide. Area organizations that have recently benefited from the Foundation's efforts include American Heart Association, American Red Cross, Save the Bay, Junior Achievement, Golden Gate National Parks, Hamilton Family Center, San Francisco Food Bank, Resource Area for Teaching, Family Giving Tree, The Exploratorium, Project Open Hand, Habitat for Humanity, Susan G Komen Breast Cancer Foundation, United Way Silicon Valley, and many more local organizations in need of support.
About Innotas
Innotas provides the only pure, on-demand Project Portfolio Management (PPM) solution specifically designed to meet the needs of IT organizations. Its on-demand software is much less expensive than installed solutions, and still offers all the PPM functionality companies need. On-demand also enables Innotas to issue new releases more frequently than on-premise PPM providers. With users spanning a wide range of industries including financial services, healthcare, retail, high technology, telecommunications and energy, Innotas helps IT organizations focus on the right IT initiatives, and helps them manage projects, resources and applications more efficiently.
Innotas investors include ComVentures, a top tier Silicon Valley venture capital firm with a strong track record for investing in early-stage technology startups; ArrowPath Venture Partners, a venture capital firm focused on early and expansion stage companies developing enterprise and infrastructure technologies; and Cedar Circle, an investment firm funding visionary entrepreneurs. For more information on Innotas, a privately-held company based in San Francisco, California, dial +1 415-814-7700 or go to www.innotas.com.
