archyworldys

Planview Announces Strategic Acquisition of Tasktop

These technology pioneers combine to enable business transformations to be faster, more efficient, and carried out with greater confidence and impact

AUSTIN, Texas–(BUSINESS WIRE)–Planview, a global leader in portfolio management and labor management, today announced that the company has entered into a definitive agreement to acquire Tasktop, leading pioneering company in the field of value stream management (VSM). Based in Vancouver, Canada, Tasktop has more than 200 employees, and posted record growth in fiscal 2021, with a 43% year-over-year increase in user numbers.

“As companies strive to differentiate, survive, thrive and disrupt their markets, we are seeing an increase in digitization and transformation initiatives. Despite these good intentions, the facts demonstrate that most digital transformation efforts fail to create business value,” said Razat Gaurav, President and CEO of Planview. “Together, we’re delivering a tremendous, and much-needed capability that will help our customers connect the software delivery business – enabling them to effectively transform their organizations, faster and more confidently, while benefiting from a better ability to accomplish the set business objectives. »

“Combining Planview’s leadership in agile and strategic enterprise portfolio management with Tasktop’s in VSM is a game-changing combination that extends the capabilities and value proposition that we can offer customers. Complementary offerings from Tasktop and Planview will more effectively enable customers to achieve their digital transformation – accelerating the pace at which they can transform and achieve competitive advantages through technology,” said Mik Kersten, Founder and Chief Executive Officer. from Tasktop. “Tasktop and Planview have worked together for over eight years, and we are very excited to take this next step in our relationship, joining forces to enable every organization to become a digital innovator. »

Read also  Warner Bros. Ready for San Diego Comic Con

The acquisition of Tasktop is part of Planview’s strategy to build the future of connected work and provide disruptive solutions. Together, Planview and Tasktop will enable organizations to accelerate their time to market, improve operational efficiency, and promote investment confidence in the face of economic instability and disruption. Over the past year, Tasktop solutions have played a vital role in the digital transformation of some of the world’s largest companies, including BMW, HSBC, Kaiser Permanente, T-Mobile, and TUI Group. Similarly, Planview has seen its customer base joined by well-known global clients, including ADP, AT&T, IBM, FIFA, and Standard Chartered.

Several leading industry analyst firms, including Forrester1, highlight the benefits of integrating Strategic Portfolio Management (SPM) with VSM. According to Forrester, “Building true business agility requires having the information available to maintain or change direction in decisions. When SPM is integrated with delivery systems such as value stream management (VSM), it translates visibility into actionable performance to support change in decisions. »1

Upon completion of the transaction, the Tasktop team will join Planview, bringing additional expertise and thought leadership in VSM. Kersten will serve as Chief Technology Officer. The transaction is expected to be completed in mid-summer 2022, subject to regulatory approval. Terms of the transaction were not disclosed.

1 Forrester, Now Tech: Strategic Portfolio Management Tools, T3 2021, Margo Visitacion, 19 août 2021.

About Planview

Planview has a mission: to build the future of connected work. Our solutions enable organizations to connect businesses, from ideas to impact, empowering them to accelerate the achievement of what matters most. Planview’s full suite of portfolio management and work management solutions enable organizational focus on important strategic outcomes and enable teams to deliver the best possible performance, however they work. Planview’s comprehensive platform and business success model enables its customers to deliver innovative and competitive products, services and customer experiences. Headquartered in Austin, Texas and with locations around the world, Planview has more than 1,000 employees, serving 4,000 customers and 2.4 million users worldwide. To learn more, visit www.planview.com.

Read also  Bloodthirsty ISIS chief commits suicide in Syria

About Tasktop

Tasktop’s value stream management platform empowers enterprises to master software at scale. The biggest brands, including half of the Fortune 100 companies, use Tasktop to provide real-time visibility into the health of product value streams, enabling them to make better decisions, and align with business goals. Tasktop connects with existing third-party tools companies already use, and overlays the end-to-end value stream to provide the abstractions, automations, visualizations, and detailed data needed to practice value stream management every day. To learn more about Tasktop, visit tasktop.com and follow us on Twitter @tasktop.

The text of the press release resulting from a translation should in no way be considered official. The only authentic version of the press release is that of the press release in its original language. The translation will always have to be compared with the source text, which will set a precedent.

Contacts

Contact with the media:

Leslie Marcotte

[email protected]

Ted Sapountzis

[email protected]

Source : http://www.businesswire.com/news/home/202205170062…

Trending