GenSight recognized as a leader in Project Portfolio Management by leading independent research firm

Independent analysts conclude “GenSight targets the executive that wants to marry strategy with pragmatism” based on detailed evaluation of current offering, strategy, and market presence

London, UK, and Doylestown, PA – December 22, 2009 – The GenSight Group, a leader in Project Portfolio Management (PPM) software, has been named an industry leader and cited as a top ten vendor in a number of categories in the December 2009 Forrester Wave: Project Portfolio Management, Q4 2009.

In creating the report, Forrester Research compared the top vendors worldwide using 80-plus criteria that cover current offering, strategy and market presence. Forrester’s rigorous testing methodology cites GenSight as a Leader in the PPM field. GenSight version 7.2 was evaluated for core and advanced functionality, cost and installed base. Forrester analysts also examined product and corporate strategy, revenues, partner network, growth and employees.

PPM software can be used to manage new product development, IT projects, and total business portfolios. Forrester took this into account with separate categories for business-related functionality and IT-related functionality. GenSight had the top score in several key areas across both categories - including corporate strategy and installed base – demonstrating its suitability for both types of implementation.

GenSight was also ranked in the top ten for revenue and revenue growth, employees, core and advanced functionality, product strategy, cost, and market presence.

Overall, the Forrester analysts concluded: “GenSight targets the executive that wants to marry strategy with pragmatism…While [it] has clients in both IT and in business portfolios, feedback is that its approach to strategic planning is particularly strong for linking business strategy to execution.”

“Organizations that cite strong analysis as the primary reason for investing in PPM, that possess the maturity to be able to leverage its analysis into straightforward planning, should benefit from GenSight’s trending analysis capabilities,” the report added.

About the leaders in the Wave, Forrester said: “Each of these vendors provides a distinctive feature set that enables those already competent in planning to reach for the next level of process maturity. Whether through collaboration, analysis, methodology management, or strategic partnerships, these vendors have demonstrated that they offer effective solutions for organizations that have processes in place, but need to achieve greater visibility into these processes, to enable greater process maturity.”

Now in version 8.0, GenSight’s software offers medium and large organizations a web‐based and easy-to-use Enterprise Portfolio Management solution that can adeptly analyze, prioritize and manage portfolios of projects. Version 8.0 supports OpenXML data, allowing it to synch with Microsoft Office applications, which enables users to work online or offline.

David Munt, co-founder and managing director of The GenSight Group, said, “It is encouraging to be selected as a Leader by Forrester, which has a very thorough process for evaluating companies and products. The fact that GenSight emerged as a leader is a testament to the hard work of our entire team in developing a customer-oriented business strategy and creating PPM software with the functionality and flexibility to manage many different kinds of portfolios.”

About The GenSight Group

GenSight is a leading provider of Project Portfolio Management software. Its Fortune 100 customers regard the company as the best‐in‐class provider of portfolio management including project prioritization, portfolio analysis, resource management, visualization and decision support technology. The GenSight technology uses proprietary optimization algorithms to master the complexity of portfolio management and strategic choice. The solution is proven and has been implemented on a global basis by leading corporations across diverse industries such as pharmaceuticals, healthcare, consumer products, chemicals, financial services and telecommunications.

The company’s co‐founders, David Munt and Mike Menard, have over 25 years’ experience of
technology development and portfolio management, respectively. www.gensight.com

Media Contacts
Prompt Communications on behalf of GenSight
Hazel Butters or Laurie SantaLucia
UK +44 (0)20 8996 1652 / +44 (0)7780 687813
US: +1 617 401 2717 / +1 617 291 9899
1 Broadway
Cambridge, MA 02142
gensight@prompt‐communications.com

This release was published on openPR.