SOURCE: SemanticSpace Technologies Limited

SemanticSpace Technologies Limited

September 01, 2011 09:01 ET

SemanticSpace PPM Studio Earns "Promising" Rating in Leading Industry Analyst Firm's MarketScope for Project and Portfolio Management

HYDERABAD, INDIA--(Marketwire - Sep 1, 2011) - SemanticSpace, a global IT Services company, today announced that PPM Studio has received a "promising" rating in Gartner Inc.'s 2011 MarketScope report for Project and Portfolio Management (PPM) Applications.

PPM Studio is a collaborative, scalable, enterprise solution that ensures each project investment aligns with company objectives, assists with resource management, manages project execution and provides complete visibility of critical project metrics throughout the application lifecycle.

According to Daniel B. Stang in his 2011 Gartner MarketScope Report, vendors with a "promising" rating "represent an important part of the PPM market, because their presence suggests there is still a lot of work to be done by project organizations struggling with supply and demand issues, and communication and collaboration roadblocks. Small, emerging or innovative PPM vendors can provide value at a cost-effective price without requiring the buyer to assume a lot of risk. A healthy list of Promising vendors in any software market suggests that the market will continue to innovate and mature -- even after a 20-year run."

"Being recognized for innovating PPM Studio is extremely validating. We look forward to the maturing of the PPM marketplace and continuing to provide invaluable resources to our customers," stated Satya Bolli, Chairman and Managing Director of SemanticSpace.

For more information about PPM Studio visit http://www.ppmstudio.com.

About the MarketScope
The MarketScope is copyrighted 2011 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About SemanticSpace - http://www.semanticspace.com
SemanticSpace continues to enjoy growth as a global IT services company providing focused and specialized application development, testing, application maintenance and outsourcing services. Comprised of three key brands for its IBM, Microsoft and Testing Divisions -- Prolifics, SST and Arsin respectively -- SemanticSpace is a global presence across the US, Europe and Asia.

"Semantic Space Technologies Limited is proposing, to make an initial public offering of its equity shares and has filed the Draft Red Herring Prospectus ("DRHP") with the Securities and Exchange Board of India ('SEBI'). A copy of the DRHP is available on the website of SEBI, www.sebi.gov.in and the Book Running Lead Managers, www.iiflcap.com. Any potential investor should note that investment in equity shares involves a high degree of risk. For details, refer to the DRHP, including the section titled "Risk Factors". This advertisement does not constitute an offer of securities for sale in any jurisdiction, including the United States."

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