Planview Acquires Business Engine
Planview acquisition strengthens the Company’s position as the largest independent provider of IT Portfolio Management solutions and opens new product portfolio and federal market opportunities
AUSTIN, Texas on 14 February 2007
Planview, the leading provider of comprehensive portfolio management solutions, today announced acquisition of specific assets and customers of San Francisco-based Business Engine. Together with Business Engine’s 20-year history, and strengths in the Integrated IT Management and Earned Value Management (EVM) markets, Planview is the clear independent market leader in IT portfolio management solutions and a leading provider of performance management solutions for federal government agencies and contractors and enterprise product management. Financial terms of the acquisition were not disclosed.
“Portfolio management has become a proven discipline within the world’s leading organizations. This transaction creates a strong, customer-focused, and independent solutions provider solely committed to using portfolio management methods to manage organizational performance,”said Pat Durbin, founder and CEO of Planview. “This partnership is a natural integration of two companies that share many common characteristics – a focus on creating value for our customers, a remarkably aligned product vision, strength in financial services, and most importantly, a cultural fit that offers our customers seamless, world-class service.”
Planview has pioneered and advanced the portfolio management discipline. With the addition of the Business Engine Network product family, Planview strengthens market leadership in Integrated IT Management Solutions and deepens its penetration in the Earned Value Management and Product Portfolio Management markets.
Pat Durbin adds, “In recent years, earned value management has seen an increased level of interest, both with federal contractors and within federal agencies. The addition of Business Engine’s market leading earned value product line enables Planview to better serve these customers by adding an earned value offering to our current market leading portfolio management solution. The strategic partnership that Business Engine brings with the UGS Corporation.’s Teamcenter® product suites makes us a leading supplier of product portfolio solutions. ”
Planview will continue to support the Business Engine Network™ (BEN™) and Micro-Frame Program Manager TM (MPM) and other Business Engine products within Planview Enterprise™, the market-leading project and portfolio management (PPM) solution. Business Engine customers will benefit from the Planview customer-driven product development approach, award-winning customer service, and a deep-rooted commitment to innovation in the portfolio management discipline. Additionally, the combined company will be better suited to scale to meet the needs of large, global enterprise customers seeking better performance management solutions.
“With market interest in PPM applications at an all time high among IT management, competition continues to intensify in the portfolio management market,” said Daniel Stang, principal analyst with Gartner Research. “This acquisition of Business Engine by Planview represents…..”
“Both Business Engine and Planview share a passion for helping customers achieve breakthrough business performance,” said Mark Strauch, CEO of Business Engine. “This combination creates the greatest on-going value for Business Engine customers, by providing the scale, the innovation, the customer commitment, and ultimately the integration of Business Engine technology into the industry’s leading IT portfolio management platform.”
About Planview
Since 1989, Planview has been a market leader and trusted partner in software solutions for high performance IT management, enabling organizations to integrate the decision-making process to improve alignment of IT resources with business strategies. Our industry-leading product line, Planview Enterprise, brings the most comprehensive IT management solution to the market, combining adaptive IT management best practices and implementation methodology with best of breed resource management, demand management and financial management processes. Planview serves an active and growing global customer community of over 450 organizations in financial, insurance, healthcare, government and other industries. The company is privately held and has been profitable for over a decade. For more information visit www.planview.com
Planview Enterprise is a trademark of Planview, Inc. All other product and company names may or may not be trademarks or registered trademarks of their respective owners.
