SOURCE: Instantis

July 08, 2008 09:00 ET

Instantis Achieves Record Second-Quarter and First-Half Revenue

SANTA CLARA, CA--(Marketwire - July 8, 2008) - Instantis, a leading provider of project portfolio management software used by business process and IT leaders to improve strategy execution and financial performance, announced today record second-quarter and first-half revenue. Revenue grew 64% vs. the first half of 2007. The half-year results were boosted by a historically high Q2 performance in which sales grew 15% sequentially versus already record Q1 2008 results. Instantis also reported record profitability in Q2 as well as high watermarks in both license and services revenue.

New and existing customers contributing significantly to the record Q2 sales results included BHP Billiton, British Petroleum, Covidien, France Telecom, Health Net, Lenovo and United Airlines. Instantis cited its strong competitive win-rate and the success of its new PMO Edition product as the primary factors driving record sales results and bookings.

"Given the state of the economy, our ability to close business at record levels in a diverse set of industries speaks to the compelling value proposition of our on-demand project portfolio management solution," said Dr. Prasad Raje, Instantis founder and CEO. "Now more than ever companies need to reduce waste, streamline processes and sharpen strategy execution. More and more leading global corporations are seeing EnterpriseTrack as a key enabler."

About Instantis

Instantis is a leading provider of project portfolio management software used by business process and IT leaders to improve strategy execution and financial performance. Leading global corporations like Abbott, BP, DuPont, France Telecom, Lilly, Lenovo, Motorola and Xerox rely on a single system called EnterpriseTrack to fulfill the distinctive requirements of their strategic project portfolios such as PMO, IT, Six Sigma and Lean.

Contact Information

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    MarComm PR
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