AUSTIN, Texas--(BUSINESS WIRE)--Planview® has acquired project collaboration company Projectplace to significantly expand its offerings in the portfolio and resource management market. Based in Stockholm, Projectplace is a pioneer in cloud-based project collaboration, serving almost one million users during its 15 years in the market. The new Planview, combining for the first time industry leading project and portfolio management (PPM) and project collaboration solutions, will enable the company to uniquely help its customers – spanning large enterprises to small teams – move their businesses forward by making better use of their limited resources through portfolio, resource, and work management.
“With this acquisition we continue to transform Planview to fulfill a broader vision of portfolio and resource management,” said Greg Gilmore, CEO of Planview. “Our transition to SaaS was only the first step. The addition of Projectplace pays off our ‘No Matter How You Work’ vision – one portfolio that spans the dominant work types and stays true to our resource management roots. These products are purpose built to support the unique needs of PPM and project collaboration users, and together they can provide a comprehensive view of resources across the enterprise.”
By uniquely addressing the variety of ways customers work – from traditional PPM to collaborative projects and tasks to Agile development via partnerships with the leading Agile ALM solution providers – Planview will now enable organizations to manage a truly integrated work and resource portfolio. This strategy is informed by the perspectives of both the Gartner “PPM Product Usage Reference Model”1 and the Forrester “Above-the-Line: Strategic Planning and Below-the-Line: Work Execution”2 research.
“The essential activity of collaboration among people and the projects and processes in companies is driving demand for applications that are engaging and interactive,” said Mark Smith, CEO and chief research officer of Ventana Research. “Planview’s acquisition of Projectplace brings value beyond traditional approaches that are just schedules and projects in the cloud. The combination creates new potential for managing projects and portfolios of assets by establishing a new standard for business and IT to gain the best productivity and value from their workforce.”
The current Projectplace CEO Johan Zetterström will become the general manager of the new Projectplace business unit reporting to Planview CEO Greg Gilmore.
“Projectplace and Planview will together create an exciting opportunity for all of our customers as we leverage each other’s complementary strengths in product offerings, geographic presence, cloud experience, and go-to-market models,” said Johan Zetterström. “We have been searching for the perfect match in the North American market and I’m really glad that our two companies have found each other. Planview is an established market leader with a great team that shares our commitment to innovation.”
Projectplace will be added as a business unit within Planview, further cementing SaaS as the company’s primary delivery and business model. The combined entity creates a $125 million company with two product lines: Planview Enterprise and Projectplace. Planview will invest in continuing Projectplace product development, and will also integrate the product with Planview Enterprise. Used together, the products advance the promise of – and increasing demand for – portfolio and resource management to align all of an organization’s people, resources, and projects with business goals no matter how they work.
Planview is a global leader in portfolio management and project collaboration. From small teams to large enterprises, leaders in every industry rely on the company’s cloud solutions to empower organizations to reach their goals and drive results by optimizing the capacity of their people and financial resources. Planview’s singular focus fuels a deep commitment to innovation and customer success. For more information, visit http://www.planview.com and www.projectplace.com
1Gartner, Maximize Value and Avoid Waste by Managing PPM Tool Proliferation in Your Enterprise, Daniel B. Stang, November 20, 2013
2Forrester, The Forrester Wave™: Project/Program Portfolio Management, Q4 2012, Margo Visitacion, Phil Murphy, Kyle McNabb, Rachel Brown, December 20, 2012