News Column

Planisware Reports on Growth in 2013

February 14, 2014

Planisware, a global provider of Project and Product Portfolio Management (PPM) software solutions for new product development (NPD) organizations, reported a 20 percent year-over-year increase in revenue during the fiscal year 2013.

In a release on February 11, the Company noted that in the U.S. alone, Planisware's revenue grew by 25 percent from 2012.

Gaining momentum within the NPD space, Planisware acquired 26 new customers across a range of product development industries. Differentiated offerings assisted business growth particularly in the Chemicals, High Tech, and Automotive industries. In these industries alone, Planisware garnered 13 new references, including a top U.S. automaker, which aims to manage the full product development pipeline in their Planisware solution.

By close of 2013, the Planisware customer base included 42 percent of the top 50 R&D spenders worldwide. The addition of five customers in South Korea and Japan, and a minority stake in Innovation Framework Technologies Japan, a distributor of Planisware software, further extended Planisware's presence in Asia.

Renewed efforts, in improving Planisware's cloud offering, inspired transformations in architecture, efficiency procedures, and Planisware technology. The new model provides cloud customers even greater flexibility in self-governance, and further reduced total cost of ownership. In 2013, revenues from cloud-based customers increased by 78 percent from the previous year.

"Planisware is a major asset for moving products to market faster, providing our customers a significant competitive advantage," stresses Pierre Demonsant, CEO and founder of Planisware. "Innovation and new product development organizations invest in Planisware solutions because the visibility gained at all levels of the organization enables everyone - from executives, to managers, to operational teams - to make smart, fact-based decisions, quicker. Functional and cross-functional work streams benefit from improved coordination and more effective conversations."

Planisware product advancements in 2013 targeted improved business intelligence, better collaboration, and end user empowerment. Planisware introduced new features including:

-a social networking module that lets users communicate broadly across projects, programs, products, teams, etc. and subscribe to targeted feeds;

-a presentation module that enables users to build in-product presentations by selecting reports with live data;

-and additions to best practice frameworks, including built-in deliverable templates for phase-gate modeled projects.

Planisware's business intelligence module, Planisware Explorer, as well as Planisware's Roadmapping and P&L modules, also received upgrades.

Planisware is a global provider of Project and Product Portfolio Management software solutions.

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Source: Manufacturing Close - Up

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