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Instantis Achieves Record Second-Quarter and First-Half Revenue
(Marketwire Via Acquire Media NewsEdge) SANTA CLARA, CA, July 8 / MARKET WIRE/ --
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.
Press Contact:
Marc Gendron
MarComm PREmail Contact
(559) 326-2037
Copyright ? 2008 Marketwire
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