For Immediate Release PowerSteering Positioned in Visionaries Quadrant in 2008 IT Project and Portfolio Management Magic QuadrantJune 18, 2008PowerSteering, the leading On-Demand Enterprise PPM software used to manage IT, Six Sigma, Merger Integration, PMOs and other strategic initiatives today announced its placement in the visionaries quadrant in the 2008 Gartner IT Project and Portfolio Management Magic Quadrant report.1 PowerSteering is an alternative to traditional installed software options that require lengthy implementations and costly customization. By integrating enterprise software capabilities in a more affordable, accessible and scalable on-demand delivery platform, PowerSteering is used across the company by all kind of users to manage the entire portfolio of work including projects, assets and applications. The Magic Quadrant report acknowledged that “PPM prospects small and large increasingly are considering SaaS/on demand as an alternative option for deploying PPM technologies, which will lead to more market consolidation and more-competitive pricing.”
“Recognizing that the benefits of PPM have expanded beyond IT into other project-intensive business areas and functions, PowerSteering’s ‘Just Right’ approach lets organizations manage their entire portfolio of initiatives in one system. We’re delighted that Gartner has positioned PowerSteering in the visionaries quadrant for project and portfolio management,” commented Stephen Sharp, PowerSteering's Chief Executive Officer.
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The Gartner Magic Quadrant is copyrighted 2008 by Gartner, Inc., and is reused with permission. The Magic Quadrant is a graphical representation 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 Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
1 Gartner, Inc., "Magic Quadrant for IT Project and Portfolio Management" by Matt Light and Daniel B. Stang, June 16, 2008. About PowerSteering SoftwarePowerSteering Software is the leader in On-Demand Enterprise PPM software for Information Technology, Operational Excellence, New Product Development and other enterprise initiatives. Its easy-to-use software provides executives at the US Army, Raytheon, Ingersoll Rand, Merck, United Health Group, TD Bank, Washington Mutual, Seagate, Best Buy and over 120 other customers with executive visibility, strategy alignment, and enhanced team productivity to drive strategy and accelerate results across the enterprise. For additional information, please visit www.powersteeringsoftware.com # # # For additional information:
Linda Duchin
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