ProSight Portfolios Leads Vendor Review for Second Year
PORTLAND, Ore. - May 25, 2004 - ProSight® Inc., the leader in top-down portfolio management software and solutions, today announced it has it has been ranked as a market leader in META Group's recently released METAspectrum (SM) report for portfolio management tools. META Group (Nasdaq: METG) is a leading research and consulting firm that focuses on information technology and business transformation strategies.
The new METAspectrum evaluation provides an objective assessment of companies providing portfolio management tools, which META defines as those used to uncover critical, long-term opportunities, track and assess current business/investment positions, or serve as a controlled, consistent backup for decision modeling and making.
Of the other nine vendors evaluated, ProSight Portfolios was positioned in the leadership segment and was specifically recognized for its strength in functionality that centers on scenario creation, assessment and planning; highly automated optimization techniques; and decision output for downstream managers on which to execute.
"We are honored that META has designated ProSight as a portfolio management leader," said John Cimral, CEO, ProSight. "This recognition validates our direction for ProSight Portfolios, and reflects our work with customers like Hershey Foods Corp., DaimlerChrysler Corp. and the U.S. Department of the Treasury. It inspires us to continue developing portfolio management solutions that answer the needs of today's organizations."
ProSight delivers top-down portfolio management software and professional services that enable organizations to get the highest value from corporate investments like projects, applications, and resources. Anyone in the organization using ProSight Portfolios-from the executive level to the individual team member-can easily manage and collaborate on the technology portfolio, creating an invaluable resource for improving IT governance and optimizing the results of IT spending.
"We anticipate the portfolio management tools market will reach $480 million in size by 2005," said Doug Lynn, vice president of Executive Directions, META Group. "These tools enable executives to rationalize, manage and improve their ability to make increasingly complex business, operational and organizational decisions - driven by risk tolerance, investment performance goals, revenue generation and cost savings."
META Group's METAspectrumSM provides a framework for evaluating or selecting an appropriate IT vendor or product, simplifies the decision process and enables more effective technology investments. META Group's research efforts, which adhere to META Group's commitment to objectivity, are conducted independently, based upon industry best-practice research methodologies and subject to the highest levels of review by META Group's research community. To learn more about METAspectrum, visit www.metagroup.com/metaspectrum or call 800-945-META.
ProSight® is the only provider of top-down portfolio management solutions for the enterprise. By combining patented portfolio management software with services expertise, ProSight delivers immediate results to organizations without disrupting existing systems and processes. Companies using ProSight's products enhance their business alignment and strategic collaboration through effective governance of investments, resources and performance. ProSight is headquartered in Portland, Ore.
For more information on ProSight and our customers' success, please visit www.prosight.com. For more information on portfolio management, visit www.portfoliomgt.org.
METAspectrum (SM) market evaluations and results are the sole property of META Group, Inc. and are Copyright © 2002 META Group, Inc. All rights reserved. Permission to use the results requires prior written approval from META Group, and should not be deemed an endorsement of any company or product
Media and analyst contact
For media inquiries, contact Rick Turoczy, Senior Manager, Marketing, 503.889.4882, firstname.lastname@example.org.