SOURCE: Troux

Troux

October 23, 2012 09:00 ET

Troux Closes Largest Q3 Ever With Over 40% Growth

Leading Enterprise Portfolio Management Provider Adds Fortune 100 Retailer to Growing List of Marquee Customers

AUSTIN, TX--(Marketwire - Oct 23, 2012) - Troux, the global leader in Enterprise Portfolio Management (EPM) and Enterprise Architecture (EA) solutions, today announced record growth and business results for Q3 2012, including the addition of a leading multi-channel global retailer to their growing roster of clients. The continued growth reflects an increasing demand for Enterprise Portfolio Management and Software as a Service offerings.

Troux continues its momentum with their largest Q3 ever, showing an order increase of 42 percent over Q311. The company is having a record year and continues to meet the growing demand for businesses to more proactively and strategically manage IT in both the private and public sectors. Troux achieved significant growth across all territories with nearly 40% growth in the Europe, Middle East and Africa (EMEA) markets. In addition, growth in the U.S. market topped 70 percent year over year, including the addition of a Fortune 100 specialty retailer. Additionally, the company reported an increase in license growth, which more than doubled, and services continued to run at record levels.

Troux's continued success highlights the rise in adoption of Enterprise Portfolio Management and the capability it provides for CIOs to strategically manage IT in the context of the business. According to IDC's 2012 CIO Sentiment Survey, "CIOs are increasingly more focused on better aligning their IT organization with the business and focusing the IT organization on business strategy more than technology strategy."

"It's no surprise that initiatives that fall under the umbrella of EPM, including Application Portfolio Management and EA, are top of mind for successful CIOs," said David Hood, CEO of Troux. "Enterprise Portfolio Management offers a more dynamic means of removing organizational silos, improving the flow of decision making information and, as a consequence, boosting collaboration and an organization's agility."

In addition to record growth this quarter, three of the five winners of the prestigious 2012 InfoWorld/Forrester Enterprise Architecture Awards are Troux customers -- what Troux believes is a testament to its commitment to helping clients build and execute on EA programs that deliver measurable and sustainable business value.

"In Forrester's EA Practice Playbook, we describe high-performance enterprise architecture programs as 'business-focused, strategic, and pragmatic,'" wrote Alex Cullen, Vice President, Research Director of EA at Forrester Research, Inc, in the October 2012 Press Release entitled "Infoworld and Forrester Reveal Winners of 2012 Enterprise Architecture Award." "They are business-focused so that the direction and guidance EA provides has clear business relevance and value. They are strategic because the greatest value EA brings is to help its business to achieve its business strategies. They are pragmatic because, well, the path to strategy is never straight, and EA teams who aren't agile in their approach get pushed aside."

About Troux
Troux's mission is to forever change the way businesses make decisions. With Troux solutions, business leaders, CIOs and their teams can use the power of Enterprise Architecture to successfully manage the connected set of enterprise portfolios that define their business. Better-informed decisions powered by the unique TrouxView™ Enterprise Portfolio Management approach helps businesses save money, reduce risk and increase business agility. With the largest and fastest growing base of successful customers, Troux delivers results for some of the world's best known brands including: American Express, AstraZeneca, Bayer Health Care, Boeing, Cisco, Disney, Fidelity, Lloyds, U.S. Department of Health and Human Services, U.S. Department of Homeland Security, Vodafone and Volkswagen Group of America.

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