Instantis: Expanding Footprint
Date: Monday , November 03, 2008
"Global chemical manufacturing giant DuPont relies on our software to manage a project portfolio that delivers a billion dollars a year in validated financial benefits. This speaks to the kind of value we deliver to our clients," says Dr. Prasad Raje, CEO. Instantis provides the project portfolio management software used by business process and IT leaders to improve strategy execution and financial performance. The company claims that they do this by providing an end-to-end solution to manage, track, and report on enterprise Strategies, Processes, Projects, Portfolios, Resources, Costs and Benefits.
Leading global corporations like Abbott, BP, Credit Suisse, France Telecom, Lilly, Lenovo and Xerox rely on a single system called EnterpriseTrack to fulfill the distinctive requirements of their strategic project portfolios such as IT/PMO and Lean Six Sigma. Instantis’ flagship software solution is called EnterpriseTrack. Because EnterpriseTrack has been designed from the ground up as an on-demand, SaaS-based solution, it is able to distinguish itself from competitive PPM players like CA, HP and Primavera by being easy to deploy quickly, easy to use and administer, and easy to afford.
Founded in 1999, the company has raised over $30 million from top tier venture capital firms including US Venture Partners (USVP) and Goldman Sachs. Under Dr. Raje’s direction, the company has amassed a roster of Global 3000 clients spanning North America, Europe, Africa and the Pacific Rim. Instantis is headquartered in Santa Clara, California and operates three regional sales offices in North America, a European Sales and Marketing headquarters in London and two offshore research and development centers (Mumbai and Pune, India).
The company’s total sales in its fiscal third quarter 2008 surged 112 percent versus 3Q 2007. Year-to-date revenue grew 75 percent compared to the first three quarters of 2007 and the company exceeded its year-to-date profitability target. “Now we have expanded our footprint with customers representing a diverse set of industries such as high tech, telecommunications, chemicals and healthcare. This has helped us maintain our market momentum in a down economy,” concludes Raje.