Today, I am excited to announce that Innotas has entered into a definitive agreement to be acquired by Planview, the global leader in work and resource management solutions and a consistent “Leader” as rated by top analyst firms Gartner and Forrester.
This is a major milestone for Innotas and will allow us to better fulfill our company mission – which is to solve work and resource management challenges for our customers and help PMOs contribute more business value to their respective stakeholders. Our mission does not change, in fact, by joining forces with Planview, it becomes even more attainable. Planview and Innotas share a culture of customer-centricity, product leadership and market innovation, deep market expertise, dedicated employees with real-world IT PPM experience and highly engaged customer communities. As part of Planview, we will be able to leverage these assets to continue our vision with the momentum of more than 700 employees, 9 global offices, and 3,000 customers worldwide.
Planview’s reach, brand, and resources will help us improve the impact we make for our customers. Our shared passion for solving concrete business problems creates an energy and excitement for our employees and leadership. Together, we will bring this opportunity to life by creating the industry’s only provider of solutions that cover the complete spectrum of Work and Resource Management – addressing the needs of teams, departments, and entire organizations of every maturity level, spanning from the mid-market to global enterprises.
For our customers and partners, I am sure you have many questions or concerns. These will all be addressed in a transparent and timely manner over webcasts and communications over the coming weeks. I am sure you will be as excited as we are when you see the potential for accelerating innovation and delivering more business value. Rest assured, we are committed to maintaining the same customer service excellence that has been built over the years.
On behalf of the Innotas management team, I want to thank all of our customers, partners, and team members that have contributed to the success of the Innotas organization. I look forward to participating in this new journey with all of you.
Note: Shea & Company acted as the exclusive financial advisor to Innotas during the transaction.