October 29, 2007
UST GLOBAL DEPLOYS INNOTAS ON–DEMAND PPM AS THE ENTERPRISE STANDARD FOR SERVICE DELIVERY
Innotas’ Project Portfolio Management solution provides a seamless flow of accurate information that gives UST Global the IT foundation to centralize project management
SAN FRANCISCO, CALIF., — October 29, 2007 — Innotas, the provider of the only on–demand Project Portfolio Management (PPM) solution designed specifically for IT departments, today announced that UST Global, a leading provider of end–to–end IT services and BPO solutions for Global 2000 companies, has deployed Innotas as the enterprise standard for service delivery. The company is now live on Innotas with more than 4,200 initial users managing 660 IT projects. UST Global has integrated Innotas into a set of systems called "SynergyOne" that forms the backbone of its service operations.
Powered by Innotas, SynergyOne is designed to integrate with Salesforce.com, PeopleSoft HR and PeopleSoft Finance, providing a single integrated flow of information across the company. The system provides resource allocation, account/project management, time/expense tracking and issue management.
"Although on demand systems offer a total solution that can be deployed quickly, they are very often de–personalized and many vendors don’t invest in the relationship with the customer. After evaluating four to five other solutions, we were impressed with the people at Innotas far more so than with the other vendors in this space," said CIO Tony Velleca, UST Global. "The foundation of our success at UST Global is the trusted relationship that we build with our clients. In the same way, the team at Innotas worked with us selflessly to earn our trust."
The Innotas on–demand Project Portfolio Management solution provides executives with essential tools to continually prioritize company projects and improve the performance of those projects while reducing overall costs. With Innotas, IT leaders can strategically prioritize a company’s entire project portfolio according to business goals, budget and resources, and they can rank all business initiatives on pre–determined metrics to continually reprioritize. Additionally, Innotas provides IT leaders with the visibility they need to eliminate business initiatives that no longer support objectives.
"PPM has become an important strategic initiative for IT management. As a result, IT executives need a PPM solution that integrates with other systems, for better communication and information sharing across the organization," said Innotas President and CEO Keith Carlson. "We’re thrilled UST Global has embraced Innotas as the solution that provides a seamless flow of accurate information, and allows them to easily scale and double the number of people or projects globally as required."
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 to www.innotas.com.
