Innotas Named a "Leader" in Cloud-Based IT Project and Portfolio Management by Gartner

SAN FRANCISCO, CA--(Marketwired - May 28, 2013) - Innotas today announced it was positioned by Gartner, Inc. in the "Leaders" quadrant of the "Magic Quadrant* for Cloud-based Project and Portfolio Management (PPM) Services." Innotas is a leading provider of Cloud solutions for IT Management.

Gartner recognized those vendors as "leaders" that "provide depth and breadth of functionality in their application service, representing many years of development and innovation. These providers have a large installed base of SaaS customers, can provide functionality and process automation for customers in 30 days or less, and can give customers the ability to incrementally invest in their services through standard 12-month contracts."

"Innotas is changing the way companies approach and adopt top down Portfolio Management," said Kevin Kern, CEO of Innotas. "We continue to be deeply focused on helping our customers manage, measure and optimize their application and project portfolios. And, our world-class resource management and robust integrations make it possible for Innotas' customers to optimize across the enterprise -- not just the silos within it."

In addition to the Gartner recognizing Innotas as a "Leader" in Cloud-Based IT PPM Services in 2013, Innotas recently received Red Herring Top 100 Americas Award, the San Francisco Business Journal's "Best Places to Work" award and was named to the JMP Securities Hot 100 List of Best Privately Held Software Companies.

*Gartner, Inc., "Magic Quandrant for Cloud-based IT Project and Portfolio Management Services" by Daniel Stang, Robert Handler, May 13, 2013

About the Magic Quadrant

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Innotas

Innotas, a leading provider of Cloud solutions for IT Management, delivers a seamless way to manage Resources, Applications, and Projects across all IT. Innotas' solutions include Project Portfolio Management (PPM), Application Portfolio Management (APM), and the Innotas Integration Platform. Headquartered in San Francisco, Innotas has hundreds of customers nationwide, including Bank of the West, Tiffany & Co., Crocs, Crayola, City of Memphis, RelayHealth, and World Vision. For more information, visit www.innotas.com or contact 866-692-7362.