SANTA CLARA, CA -- (MARKET WIRE) -- 04/11/08 -- Instantis, a leading provider of projectportfolio management software used by business process and IT leaders toimprove strategy execution and financial performance, announced todayrecord first quarter sales including historically high watermarks in bothsoftware license sales and professional services. Total sales in its fiscalfirst quarter 2008 surged 75% sequentially versus Q4 2007.New and existing customers contributing significantly to the record salesresults included AOC Corporation, Baxter Healthcare, Billings Clinic,Cardinal Health, Catalent, Credit Suisse and France Telecom.
Instantis also cited recent product introductions, the health of its salespipeline, its strong competitive win-rate and record orders as factors indriving continuing sales momentum.
"We are obviously pleased with our first quarter revenue performance whichbenefited from the strong market reception of our recently launchedEnterpriseTrack PMO Edition," said Dr. Prasad Raje, Instantis founder andCEO. "We also posted record bookings in the first quarter which ensuresthat we will be in record sales territory for the first half of our fiscalyear."
About Instantis
Instantis is a leading provider of project portfolio management softwareused by business process and IT leaders to improve strategy execution andfinancial performance. Leading global corporations like Abbott, BP, DuPont,France Telecom, Lilly, Lenovo, Motorola and Xerox rely on a single systemcalled EnterpriseTrack to fulfill the distinctive requirements of theirstrategic project portfolios such as PMO, IT, Six Sigma and Lean.
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