August 1, 2016
Innotas Has Been Acquired by Planview
About Innotas
- Innotas is a leading provider of SaaS-based IT Project Portfolio Management (PPM) and Application Portfolio Management (APM) applications, and is the only cloud-based PPM solution named unanimously as a “Leader” by Gartner, Forrester and IDC
- Innotas serves over 500 customers across a wide range of industries including Alaska Air, AT&T, CarMax and Cincinnati Financial
- The company received financial backing from ArrowPath Venture Capital, Cedar Circle and Fuse Capital in 2006 and is headquartered in San Francisco
About Planview
- Planview is a leader in Portfolio and Resource Management, based in Austin, founded in 1989
- The acquisition follows Planview’s acquisition of leading Enterprise Architecture provider Troux in May 2015, which enabled Planview to provide a more comprehensive platform that combined strategic planning and execution with complete insight into architecture and technology
- Planview is a portfolio company of Insight Venture Partners, a leading New York-based private equity firm
Buy-Side Investors
- Insight Venture Partners
Sell-Side Investors
- ArrowPath Venture Capital
- Cedar Circle
- Fuse Capital
Sector
- Infrastructure
Subsector
- IT Operations Management
““With this acquisition we continue to transform the market and take another big step forward in fulfilling our vision of helping companies globally optimize their resource potential. The addition of Innotas amplifies this vision, creating a Planview that can uniquely work with customers across the globe to support the full spectrum of their Work and Resource Management needs.”
Greg Gilmore CEO, Planview
“There are tremendous synergies in our products and culture that will benefit the marketplace and the Innotas customer base. Two leaders coming together creates potential for accelerating innovation and delivering more business value to customers.”
Kevin Kern CEO, Innotas
Transaction Notes
- The acquisition of Innotas by Planview was announced on August 1, 2016
- Shea & Company served as the exclusive financial advisor to Innotas and their Board of Directors