September 17, 2007
INNOTAS ON–DEMAND PROJECT PORTFOLIO MANAGEMENT AUTOMATES RESOURCE MANAGEMENT IN REAL–TIME
On–demand PPM offering allows IT leaders to manage the supply and demand of resources to ensure they focus attention on the IT initiatives that help the business achieve its goals
SAN FRANCISCO, CALIF., September 17, 2007 — Innotas, the provider of the only on–demand Project Portfolio Management (PPM) solution designed specifically for IT departments, today announced that its Fall 2007 release delivers real–time analysis of IT resource demand and capacity. Innotas is the first software–as–a–service (SaaS) vendor to offer automated, real–time resource analysis, which directly addresses CIOs’ desire to improve the efficiency and productivity of their IT talent. The addition of these capabilities gives IT executives and project managers deep visibility into who’s doing what and for how long, and helps them determine whether they are effectively utilizing resources to meet their organizations’ strategic goals.
"Today’s IT personnel are pushed to the limit. They are under non–stop pressure to automate business processes and operations with technology, and to upgrade and maintain existing applications," said President and CEO Keith Carlson of Innotas. "Innotas automates the process of requesting and allocating IT resources, allowing IT managers to achieve a level of control over resources that was previously available only to large enterprises through complex and expensive software installations."
Innotas’ Fall 2007 Release gives IT leaders a very flexible way to analyze resource capacity and project demand, with views by project, resource, role, skill level, team and entire organization; they can also customize views to their own requirements. Additionally, Innotas is the only on–demand vendor that enables project managers to build detailed resource requirements, without detailing task assignments. By enabling project managers to define resource needs up–front, resource managers can assign the most suitable resources without having to worry about a detailed project plan.
"IT leaders are overwhelmed by the complexity of determining where staff members are currently assigned, when they will be available, and for how long," said Daniel Stang, principal research analyst, Gartner. "With on–demand resource management capabilities, IT leaders can now eliminate time–consuming phone calls, emails, and meetings previously required to analyze the utilization of resources so that the resource planning can be completed in a fraction of the time."
With this release, IT leaders have access to best practices for managing and automating resource requests. "Innotas’ new resource management capability will give us even more visibility and control over our IT resources," said Jerry Hodge, senior director of Information Services at Hamilton Beach, one of the country's leading distributors of small kitchen appliances. "The new functionality will help us better analyze and reallocate IT resources to ensure we are allocating the right personnel at the right time to the most critical projects."
The new Resource Management capabilities in Innotas’ Fall 2007 release include:
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 Project Portfolio Management functionality companies need. On demand also enables Innotas to issue new releases more frequently than on–premise Project Portfolio Management 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 towww.innotas.com.
