SOURCE: ITM Software

February 20, 2008 07:00 ET

Leading Analyst Firm Recognizes "Office of the CIO" Software Suites as Emerging Category in IT Management; Points to High Demand for ITM Software

IT Management Software a Priority in 2008; High Demand for Portfolio Management Technology, Among Other Findings

SANTA CLARA, CA--(Marketwire - February 20, 2008) - ITM Software, the leading provider of IT business management solutions, today announced that new research from AMR Research has found that software suites are emerging as a category, and the overall market has grown to more than $13B in revenue in 2006 with expected growth across the IT Management landscape over the next three years. The AMR Research report, titled "IT Management: State of the Market" (published 22 January 2008), is now available.

The AMR Research says, "Globalization and the need to capitalize on technology for competitive advantage has led IT organizations to focus on improving underlying processes and overall responsiveness to business change. This has made IT management software a priority for IT organizations..."

According to AMR Research, ITM is an Emerging Suite Vendor in the emerging solutions sector termed "Office of the CIO," which includes "enterprise architecture, portfolio management and investment planning, financial management, vendor management, risk management, and compliance." AMR Research first called the emerging IT management suites "IT Resource Planning" (ITRP) in 2005.

Dennis Gaughan, AMR Research, research director and co-author of the report, writes, "The software categories that comprise the IT management suite... are the technologies that fundamentally help orchestrate the business of running IT. They will be the tools that help measure the value IT contributes to the business and become the tip of the spear in the sales strategies of the IT management vendors."

In general, IT management technologies help to manage IT systems and improve underlying processes for competitive advantage. IT best practice initiatives such as ITIL are seeking to deliver higher quality services at a lower cost. IT management technologies help automate and improve these service management processes.

About ITM Software

ITM Software provides CIOs and IT organizations with software products and services that advance the business management of Information Technology. The ITM Business Suite delivers the visibility and control required to make fact-based decisions regarding IT finance, vendors, people, assets, projects, and compliance. Comprised of former CIOs and IT leaders, the ITM team provides best practice expertise in IT Business Management, enabling clients to drive down costs, better align IT with business objectives, and deliver more business value. Founded in 2001, the company serves IT organizations within Fortune 2000 corporations, government agencies, and universities. ITM Software is privately held and is headquartered in Santa Clara, California. For more information, visit www.itm-software.com.

Contact Information

  • Contact:
    Maria Krinsky for ITM Software
    Email Contact
    415.509-0498