Welcome!

Machine Learning Authors: Pat Romanski, Yeshim Deniz, Liz McMillan, Elizabeth White, Zakia Bouachraoui

News Feed Item

Daptiv Continues Strong Growth Trajectory in 2012; North America New Client Sales Up by 58%

Efficiency of SaaS Based Delivery Model and Demand for Flexible Project Portfolio Management Solutions Drives Revenue Growth and Expands Footprint of Daptiv PPM in Enterprises Worldwide

SEATTLE, WA -- (Marketwire) -- 02/14/13 -- Daptiv, the on-demand leader in project portfolio management software, today announced an impressive 23 percent bookings growth during the last fiscal year. Daptiv strengthened its grip on the market in 2012 and grew its new client business by 32 percent year-over-year, with a 58 percent increase in the North America region alone. The company's success stems directly from the growing adoption of its SaaS based delivery model and Daptiv PPM, its flagship solution that has enabled customers to significantly improve productivity and efficiency through better decision making.

In 2012, Daptiv continued to grow its global field operations in Europe, Asia Pacific, North America, and Africa. Additionally, Daptiv was the only SaaS PPM vendor to be rated as a "Leader" by both Forrester and Gartner in 2012.

"We've experienced a high level of customer retention and confidence in our offerings based on the efficiencies organizations are achieving with Daptiv, especially in light of the existing economic environment," said John Baldwin, Daptiv's CEO. "The combination of our SaaS based PPM software along with last year's introduction of Daptiv Mobile has given our customers the flexibility to easily edit, share and collaborate seamlessly between desktops and mobile devices. Also, the introduction of our next generation Work Intelligence™ allowed customers to gain competitive advantage in the market by giving them capabilities such as interactive offline reports, improved caching capability for fast access to large and complex reports, and self-service authoring of reports and dashboards. We believe the future of Project Portfolio Management is contingent on providing customers with PPM solutions that provide strong Business Intelligence capabilities and consistent user experience across multiple devices."

Key Highlights from 2012:
Company Momentum:

  • Closed 2012 fiscal year with 23% bookings growth over 2011 in a wide range of industries, including financial services, healthcare, consumer goods, services, industrial equipment, education, and government
  • Grew new client business by 32% over 2011; up 58% in USA, 13% in UK, and 23% in international channel
  • Expanded global field operations with exceptional team growth in Europe, Asia Pacific, North America, and Africa regions
  • Strengthened EMEA presence with the opening of Daptiv's European data center in the Netherlands

Product Innovation

  • Announced the launch of Daptiv Mobile, a HTML5-based web client that enables users to securely manage timesheets, tasks, and approvals using a mobile device
  • Unveiled next generation Work Intelligence™ for PPM, providing unparalleled visibility into business performance across the enterprise through reports, scorecards, and dashboards that can be accessed using a web-browser or a mobile device
  • Launched an Earned Value Management solution to help organizations track and report on key project performance metrics
  • Launched the Japanese language version of Daptiv PPM to meet growing demand in Asia Pacific

Industry Accolades

  • Daptiv received the highest possible rating of "Leader" in the 2012 Gartner Magic Quadrant for Cloud-Based PPM Services. Gartner valued Daptiv's ability to execute and completeness of vision and rated it as a Leader in its category
  • Daptiv was recognized as a Leader in the 2012 Forrester Wave™ report on Project/Program Portfolio Management citing that "its investments in analytics, integration, and mobile have pushed the vendor into the Leaders category"
  • Daptiv was selected as a CODiE award finalist in the Best Project Management Solution category

Daptiv's software is used by more than 100,000 subscribers worldwide across industry verticals ranging from healthcare and education to technology and financial services, among others.

About Daptiv
Founded in 1997, Daptiv is the leading provider of on-demand Project Portfolio Management (PPM) solutions. Daptiv has helped thousands of companies improve their strategic planning and business execution by offering adaptable PPM solutions and expert professional services. Daptiv's customers include world-class organizations such as Beam Global, Chase, Coach, Harvard University, Honeywell, InterContinental Hotels Group, and Virgin Australia.

Contact:
Shefali Sain
Barokas Public Relations
206.256.9631
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

CloudEXPO Stories
With more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions need to be truly scalable. Far from it. There are at least six major pain points that companies experience when they try to deploy and run Kubernetes in their complex environments. In this presentation, the speaker will detail these pain points and explain how cloud can address them.
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-centric compute for the most data-intensive applications. Hyperconverged systems already in place can be revitalized with vendor-agnostic, PCIe-deployed, disaggregated approach to composable, maximizing the value of previous investments.
When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed how this same philosophy can be applied to highly scaled applications, and can dramatically increase your resilience to failure.
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by sharing information within the building and with outside city infrastructure via real time shared cloud capabilities.
As Cybric's Chief Technology Officer, Mike D. Kail is responsible for the strategic vision and technical direction of the platform. Prior to founding Cybric, Mike was Yahoo's CIO and SVP of Infrastructure, where he led the IT and Data Center functions for the company. He has more than 24 years of IT Operations experience with a focus on highly-scalable architectures.