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PowerSteering Software Announces Strong Q1 Results

PowerSteering Software, the leader in on-demand enterprise project & portfolio management (PPM) solutions, today announced its achievement of Stage-Gate® Certification, solidifying its credentials in the New Product Development market.

FOR IMMEDIATE RELEASE

For more information, contact:
Linda Duchin
617-995-5763

Stage-Gate Ready Certification, a major software release, and sales expansion among Q1 highlights

Cambridge, Massachusetts (April 20, 2010) – PowerSteering Software, the leader in on-demand enterprise project & portfolio management (PPM) solutions, today announced its achievement of Stage-Gate® Certification, solidifying its credentials in the New Product Development market.

Stage-Gate Certification requires a rigorous evaluation conducted by an unbiased Stage-Gate Product Innovation Expert and includes 200 pre-defined mandatory criteria for Idea Management, Idea-to-Launch and Portfolio Management capabilities. The certification assures buyers that the software performs the functionality necessary to successfully implement Stage-Gate best practice processes thereby saving organizations time and eliminating risk.

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“I strongly recommend all would-be buyers of New Product Development software to ask for Stage-Gate® Ready Certified solutions, even if your company does not deploy a traditional Stage-Gate process. We want to help organizations take advantage of innovation productivity tools, such as PowerSteering Software Version 8.0, that can help advance business performance,” said Dr. Robert Cooper, President of Stage-Gate International.

The newly released PowerSteering 8.0, focused on overcoming common barriers to PPM software adoption, included dozens of enhancements to boost user productivity while also simplifying portfolio planning, resource management and reporting.

“The expanded functionality and ease-of-use improvements of the 8.0 release, coupled with the Stage-Gate Certification, position PowerSteering favorably for expansion in the New Product Development segment,” offered Steven Sharp, PowerSteering’s Chief Executive Officer. “And these achievements align perfectly with our differentiated Enterprise PPM strategy.”

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Other major accomplishments during the quarter include:

  • EMEA Sales Growth at the UK Department for Environment Food and Rural Affairs and Northern Lincolnshire and Goole Hospitals NHS Foundation Trust
  • Competitive Wins at Bemis, City of Edmonton, Nortel, and Staples
  • US Sales & Partner Expansion
  • Introduction of Regional Professional Services
  • A Featured Customer Webcast, “Delving into the Cultural Impacts of Lean Six Sigma at EMC
  • An Executive IT Briefing, “Dispelling the Maturity Myth: Focusing PPM on Business Value,” at CampIT’s PPM Summit

About PowerSteering Software

PowerSteering Software is the leader in on-demand enterprise project & portfolio management (PPM) solutions for managing Information Technology, Product Development, Six Sigma and other enterprise initiatives. Its easy-to-use software provides executives at BP Solar, Clorox, Ingersoll Rand, Merck, the UK Highways Agency, United Airlines, the US Department of Defense and over 140 other customers with executive visibility, strategy alignment, and enhanced team productivity to drive strategy and accelerate results across the enterprise. For additional information, please visit www.powersteeringsoftware.com or call 1-866-390-9088.

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