SEPTEMBER 18, 2006
INNOTAS NAMES KEITH CARLSON PRESIDENT AND CHIEF EXECUTIVE OFFICER
OAKLAND, CALIF., SEPTEMBER 18, 2006 — Innotas, the provider of the only pure, on-demand Project Portfolio Management solution specifically designed to meet the needs and cost constraints of mid-sized organizations, today announced that its board of directors has named Keith Carlson to serve as the company's President and Chief Executive Officer.
Carlson is a seasoned executive with a strong track record for building high-growth, high-value businesses in the technology and consulting sectors. Under Carlson's leadership at Traiana, an enterprise software company focused on automating the buy and sell side of complex trading relationships, Carlson architected a turnaround of the company's services organization, putting it and the company on a path to profitability. Prior to Traiana, Carlson served as Vice President of Customer Value and Alliances for Kintana, an IT governance software company acquired by Mercury Interactive. While at Kintana, Carlson built strategic alliances with Accenture, BearingPoint and Deloitte Consulting — partnerships that influenced more than 50 percent of the company's overall revenue. Carlson also ran Kintana's Professional Services, Education, and Customer Support organizations, driving record growth while delivering exceptional margins for the business.
"As we transitioned the company towards growth, we were looking for a CEO who understood both PPM and the on-demand software model," said Founder and CTO Demian Entrekin. "Keith was our top choice because of his knowledge of the market, his strong execution skills, his proven ability to drive strategy for significant growth, and his track record in leading technology companies. His success in helping to drive eight straight quarters of profitable revenue growth for Kintana during a deflated economy, culminating in selling the company to Mercury Interactive, underscores these strengths."
As a Partner for Accenture, Carlson founded the firm's groundbreaking alliance with Siebel and ran the global Siebel implementation business, which he grew to 1,000 professionals and $400M in annual sales in just six years. Carlson also served as Chief Customer Officer for DigitalThink, an on-demand provider of e-learning solutions, where he was responsible for driving all go-to-market activities for the company, resulting in single-year growth from $16M to $45M.
Carlson is also a member of the Innotas Board of Directors. "The market is clearly trending toward the on-demand delivery model, and Innotas is in an enviable position with the industry's only pure, on-demand Project Portfolio Management solution and a solid base of more than 2,000 users around the world," Carlson said. "The company is uniquely positioned for rapid growth and is poised to lead the on-demand PPM market for mid-sized organizations. It's a great honor to join the Innotas leadership team and continue the company's focus on product innovation and customer loyalty."
About Innotas
Innotas provides the only pure, on-demand Project Portfolio Management (PPM) solution specifically designed to meet the needs and cost constraints of mid-sized organizations. The company's business model is based entirely on the concept of on-demand software, significantly lowering the total cost for customers while enabling Innotas to accelerate product innovation. With more than 2,000 users spanning a wide range of industries including financial services, healthcare, retail, high technology, telecommunications and energy, Innotas keeps IT organizations continually focused on the right IT initiatives while managing projects, as well as associated resources and capital, as efficiently and effectively as possible.
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 Oakland, California, dial +1-510-281-2300 or go to www.innotas.com.
