Evaluation Based on Completeness of Vision and Ability to Execute

SEATTLE, WA--(Marketwired - May 30, 2013) - Daptiv, the leader in on-demand project portfolio management software, today announced that it has been positioned by Gartner, Inc. in the "Leaders" quadrant of the "Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services1."

This Gartner Magic Quadrant "offers an in-depth analysis of the competitive positioning for cloud-based IT PPM services by showcasing the relative placement of the main players in the market" based on their ability to execute and completeness of vision.

According to the report, "IT PPM leaders are under extreme pressure to improve the speed, accuracy, and agility of their project organization, while also managing risks and costs." Demand for IT PPM offered as cloud-optimized or cloud-native services continues to climb, because they provide rapid time to value, and also limit financial commitments to one-year increments. "Cloud-based IT PPM service providers identified as Leaders in this Magic Quadrant meet many IT PPM application functionality and process automation requirements of targeted customers."

"We believe this recognition by Gartner furthers our momentum to date in 2013, and is a testament to the evolution of Daptiv's technology and ongoing customer focus," said John Baldwin, CEO of Daptiv. "We've gained tremendous input from our clients, which we can directly attribute to the strength of Daptiv's PPM platform along with its Business Intelligence, Mobile, and Integration capabilities. This, in turn, has enabled us to deliver solutions that help organizations stay competitive by helping them successfully understand and manage their portfolios, programs, and projects."

Daptiv's SaaS-based PPM software supports the project execution needs of both internal IT departments and new product development organizations. The company recorded an impressive 23 percent bookings growth during the last fiscal year and grew its new client business by 32 percent year-over-year, with a 58 percent increase in the North America region alone. Daptiv's customer roster continues to grow, with organizations such as Academy Sports, Beats Electronics, Cigna International, Schweizer Electronic AG, Whitewave Foods and other marquee companies deploying Daptiv PPM to gain visibility into project, program and portfolio execution.

You can view the complete report please click here.

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, Ikon, Coach, Harvard University, Honeywell, InterContinental Hotels Group, and Delta Dental.

About Gartner Magic Quadrant

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

1 Gartner "Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services" by Daniel B. Stang, Robert A. Handler, 13 May 2013

Contact:

Shefali Sain

Barokas Public Relations

206.256.9631

daptiv@barokas.com