December 05, 2012 at 17:20 PM EST
PowerSteering Software is a ''Visionary'' in 2012 Magic Quadrant for Int IT Portfolio Analysis Apps
Leading analyst report focuses on integrated IT portfolio management to aid better CIO decision making

Cambridge, MA (MMD Newswire) December 5, 2012 -- PowerSteering Software, the leading provider of business-driven project & portfolio management (PPM) solutions, today announced it was recognized as a "Visionary" in Gartner, Inc.'s 2012 Magic Quadrant for Integrated IT Portfolio Analysis (IIPA) Applications.

According to Gartner, "The IIPA software market helps IT managers link, monitor and analyze their activities within a singular IT portfolio. This provides CIOs and other executives with holistic information about the IT portfolio when making difficult decisions and determining the state of their IT strategies."1

PowerSteering Software's cloud-based application for IIPA, PowerSteering PPM, is a completely integrated solution that offers all the capability required to manage any and all types of IT portfolios, including programs, projects, investments, resources, services, and applications. It combines the robust functionality & integration capabilities demanded by global organizations with the cost and speed-to-value benefits of cloud delivery and an unmatched level of flexibility.

Earlier this year, PowerSteering was also recognized as a "Leader" in Gartner's Magic Quadrant for Cloud-Based Project and Portfolio Management Services.

"We strongly agree with Gartner's perspective that PPM is a driver for improved IT decision making and collaboration," stated Ludwig Melik, President of PowerSteering Software. "We are extremely pleased to be recognized in the IIPA Magic Quadrant, which we believe in combination with our placement in the Magic Quadrant for Cloud-based PPM reaffirms our position as a leading vendor for IT portfolio management software."

Magic Quadrant Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

¹Gartner, Inc., "Magic Quadrant for Integrated IT Portfolio Analysis Applications" by Daniel B. Stang and Jim Duggan, November 28, 2012.

About PowerSteering Software

PowerSteering Software is the leading cloud provider of business project & portfolio management (PPM) software, helping organizations drive results by enabling real-time visibility, strategic alignment, optimized asset allocation, workforce productivity, and agility in response to change across their global portfolio of projects, programs, and resources. More than 500 clients with over 150,000 active users in 50 countries rely on PowerSteering to accelerate business performance in IT Management, New Product Development, Professional Services Automation and critical Business PMO initiatives.

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For additional information:

Matthew Barnett

617-995-5749

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