CIMdata PLM Industry Summary Online Archive
13 February 2007
Acquisitions
Planview Acquires Business Engine
Planview announced that it has acquired substantially all of the assets of San Francisco-based, Business Engine. Business Engine's 20-year history and focus in IT portfolio management further strengthens Planview as the clear independent market leader in the IT portfolio management market. In addition, Business Engine's market leading position in Earned Value Management expands the company's presence within the growing performance management market for federal government agencies and government contractors. Financial terms of the acquisition were not disclosed.
"Portfolio management has become a proven discipline within the world's leading organizations. This transaction creates a strong, customer-focused, and independent solutions provider solely committed to using portfolio management methods to manage organizational performance," said Pat Durbin, founder and CEO of Planview. "This partnership is a natural integration of two companies that share many common characteristics - a focus on creating value for our customers, a remarkably aligned product vision, strength in financial services, and most importantly, a cultural fit that offers our customers seamless, world-class service."
Planview has pioneered and advanced the portfolio management discipline. With the addition of the Business Engine Network product family, Planview strengthens its market leadership in IT Portfolio Management and deepens its capabilities in the Earned Value Management and Product Portfolio Management markets.
Durbin adds, "In recent years, Earned Value Management has seen an increased level of interest, both with federal contractors and within federal agencies. The addition of Business Engine's market leading earned value product line enables Planview to better serve these customers by adding an earned value offering to our current market leading portfolio management solution. In addition, the strategic partnership that Business Engine brings with the UGS Corporation's Teamcenter® product suites makes us a leading supplier of product portfolio solutions."
Planview will continue to support the Business Engine NetworkT (BENT), Micro-Frame Program ManagerT (MPM), Alignment Engine, and other Business Engine products. Business Engine customers will benefit from the Planview customer-driven product development approach, customer service, and a commitment to innovation in the portfolio management discipline. Additionally, the new organization will be better suited to scale to meet the needs of large, global enterprise customers seeking better performance management solutions.
"Both Business Engine and Planview share a passion for helping customers achieve breakthrough business performance," said Mark Strauch, CEO of Business Engine. "This combination is a big win for Business Engine customers, by providing the scale, the innovation, the customer commitment, and ultimately the integration of Business Engine technology into the industry's leading IT portfolio management platform."
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