Tenrox Positioned As A "Niche Player" In Gartner's Latest Magic Quadrant For Cloud-Based IT Project And Portfolio Management Services
AUSTIN, Texas, July 30, 2013 /PRNewswire/ -- Tenrox, the leading cloud provider of workflow-driven Project Workforce Management solutions and part of Upland Software's family of project, portfolio, and work management applications, today announced that it has been recognized as a "Niche Player" in Gartner's recent Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services* Gartner distinguishes niche players from other vendors covered in the recently published Magic Quadrant report, "cloud-based PPM service providers identified as Niche Players often emphasize specific IT PPM features and functions versus providing a broad and functionally deep cloud service." The report also mentions "Their overall size in terms of head count puts them close enough to customers to fully understand what improvements should be made to their products quickly in the near term to keep their customers happy. Customers may benefit from having more influence over the provider's future product development."
In its most recent product release, Tenrox introduced several new features driven by a combination of customer feedback and R&D. Tenrox has maintained its customers' satisfaction by focusing on delivering releases based on Voice of the Customer perspectives and field-based analysis of the latest market trends.
"We are proud to be recognized as a niche player within this report," explains Kevin Sequeira, Director of Product Management, Tenrox by Upland product line. "We consider it gratifying to have an authority like Gartner recognize Tenrox alongside other best-of-breed software companies who provide true cloud solutions. We believe this recognition and our proven client success confirm that the market is rewarding Tenrox for keeping focus on providing the most advanced and cost-effective workflow-driven, cloud-based PPM solution available."
"In our belief, Gartner's niche rating is a testament to Tenrox's strategy of offering, very focused solutions," explained Ludwig Melik, President, Upland Software. "It is the product's unique strengths, such as its workflow-driven interface, powerful time tracking capabilities, and certified integrations that allows it to address the specific requirements of professional services automation and project workforce management, making it a valuable solution for any services organization, IT department, or project-driven enterprise as a whole."*Gartner, Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services," Daniel B. Stang and Robert A. Handler, May 13, 2013 About the Magic QuadrantGartner 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. About Tenrox Tenrox is the only workflow-driven cloud solution designed to meet the challenges of managing globally dispersed services organizations and project workforces. It automates project initiation, resource management, time and expense, and reporting and analytics to enable customers to improve the management of billable projects from pipeline to close. Tenrox offers configurable cost and billing rules, including chargeback or invoicing, with certified integrations to all major CRM and accounting systems. Organizations worldwide, including Abbot Vascular, Barnes & Noble, Estee Lauder, Eaton, General Electric, and JDA Software, trust Tenrox to meet their requirements in the areas of Professional Services Automation (PSA), Project Workforce Management (PWM), and time and expense tracking. For more information, visit www.tenrox.com About Upland Software Upland is the world's largest cloud provider of enterprise software for project, portfolio and work management. Upland is the only cloud software provider that offers a comprehensive family of applications that enable organizations to align their goals, projects and programs, optimize their resource utilization and workflows, and empower teams to collaborate and work effectively. From strategic planning to work execution, Upland drives business results for more than 1,200 enterprise clients with 300,000 active users in 50 plus countries. Visit www.uplandsoftware.com for more information. For additional information: Matthew Barnett 617-995-5749 Product or service names mentioned herein are the trademarks of their respective owners. SOURCE Tenrox
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