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Daptiv Achieves Record First Half Propelled by Strong Global and Enterprise Customer Growth

Major Product, Service and Market Advancements Combine With Rising Enterprise Demand for SaaS-Based PPM Solutions

SEATTLE, WA -- (Marketwired) -- 08/14/14 -- Further cementing its global leadership in delivering world-class project portfolio management (PPM) software, Daptiv announced today it achieved record new business growth during the first two quarters of 2014, up more than 30 percent from the same period last year. In addition to strong growth in North America, the company's gains stem in large part from tremendous momentum in its international markets, with over 200 percent year-over-year combined bookings growth in the EMEA and APAC regions. Customer wins and market demand amongst mid-sized and large organizations for Daptiv's enterprise-class SaaS-based PPM solutions provided further fuel for the company's record first half. Brand leaders across diverse markets continue to select Daptiv PPM to serve their project and portfolio management needs in 2014, including organizations such as Panasonic North America, Precor, Chicago Public Schools, and the Department of Education (UK).

Daptiv attributes the rapid growth to the evolution of its cloud-based enterprise-class PPM solution, which is setting the bar in the industry and enabling the company to successfully win and service larger customers. Organizations in the healthcare, education, technology, and financial services industries, among others, rely on Daptiv's PPM solutions to help run their businesses more efficiently and effectively. Daptiv makes it possible for companies to streamline their employees' day-to-day interactions, dramatically reducing the complexity of managing multiple teams, projects, and tasks.

"Our record breaking first half of the year is the fruit of targeted shifts we've made aimed at meeting heightened demand we're seeing from the enterprise for a flexible and scalable SaaS-based PPM solution," said John Baldwin, CEO of Daptiv. "We anticipate our growth will continue to steadily climb, fueled by aggressive product and services advancements and continued strategic investments in both domestic and international markets."

Contributing to Daptiv's strong performance is the company's ongoing commitment to meet the progressive needs of enterprise customers with both innovative product advancements, as well as pioneering complementary services that heighten the value, success and return on investment (ROI) for Daptiv PPM customers. For example, Daptiv's newly launched Organizational Change Management (OCM) practice helps customers successfully identify, plan and manage the inevitable changes associated with new technology implementation and deployment. This professional services offering is unique to Daptiv in the PPM market, providing experienced and dedicated OCM guidance, planning and execution for Daptiv PPM customers to improve critical implementation success factors, including adoption, utilization, and a rapid ROI.

In addition to securing traction on the customer front, in May analyst firm Gartner, Inc. positioned Daptiv as a "Leader" in the "Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services." [1] For three consecutive years the company has been ranked as a leader based on high marks for its PPM software platform, customer experience, market responsiveness, and overall track record. Similarly, Daptiv's dedication to its customers recently landed the company as a finalist in the Enterprise Management Innovations category of the Golden Bridge Awards.

[1] Gartner, Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services, 2014, Daniel B. Stang | Robert A. Handler, May 19, 2014.

About Daptiv
Founded in 1997, Daptiv is the leading global provider of on-demand Project Portfolio Management (PPM) solutions. Daptiv has helped thousands of companies improve their strategic planning and business execution by offering adaptable high-performance PPM solutions and world class professional services. Enterprises use Daptiv solutions to accelerate the pace of innovation, improve productivity and more effectively adapt to rapidly changing economic conditions and competitive dynamics. Daptiv's global headquarters is in Seattle, USA, with offices across EMEA and APAC. For more information, visit the company's website: www.daptiv.com

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Melissa Boggs
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