Welcome!

Cloud Expo Authors: Aria Blog, Elizabeth White, Liz McMillan, AppDynamics Blog, Mike Kavis

News Feed Item

Silverback Enterprise Group Announces Acquisition of EPM Live

Maker of Leading Cloud Project Portfolio & Work Management Software Built on Microsoft® SharePoint to Join Silverback's PowerSteering Software Business

AUSTIN, Texas, Nov. 19, 2012 /PRNewswire/ -- Silverback Enterprise Group, which acquires and builds industry-leading software businesses, today announced the acquisition of EPM Live, the leading provider of cloud-based project portfolio and work management software built on the Microsoft® SharePoint platform.  EPM Live will become part of Silverback's PowerSteering Software business.

(Logo: http://photos.prnewswire.com/prnh/20111122/LA08366LOGO)

Adding EPM Live's more than 270 active enterprise clients and over 100,000 users strengthens PowerSteering's position as the leading vendor of cloud project and portfolio management (PPM) software. The combined organization will have over 800 active enterprise clients and more than a quarter of a million users in 50 countries worldwide, making it the largest pure-play cloud provider in the multi-billion dollar PPM software industry.

"The PPM market is growing faster than the enterprise software industry as a whole, and cloud is the fastest growing segment of that market," said Jack McDonald, Chairman and Chief Executive Officer of Silverback Enterprise Group and PowerSteering Software. "The acquisition of EPM Live increases the scale and resources of the PowerSteering business so we can capitalize on this tremendous growth opportunity. At the same time, it gives our clients access to a broader range of PPM products."

"EPM Live is a strong complementary fit with PowerSteering's existing products," said Ludwig Melik, President of PowerSteering Software. "With the increasing popularity and adoption of SharePoint as an internal collaboration tool, more and more organizations are looking to leverage that investment and extend it to PPM on the SharePoint platform. EPM Live is the clear leader in meeting this growing need, and will continue to be so as part of PowerSteering."

PowerSteering will continue to invest in the development and support of the EPM Live product lines, and all existing Service Level Agreements and support arrangements will remain unchanged.

The EPM Live staff and CEO Joe Larscheid will join the PowerSteering team, and Mr. Larscheid will continue to oversee the EPM Live product line. "It was important to us to team up with a company that shared our focus as a 'best of breed' cloud PPM provider, our vision to advance work management in the market, and most critically, our commitment to investing in EPM Live's products and customers," said Mr. Larscheid.  "Joining PowerSteering Software is a winning outcome for our clients and employees alike."

Terms of the transaction were not disclosed.   EPM Live is Silverback's fourth acquisition in the past 15 months.  Silverback acquired Visionael in September 2011 and Tenrox and PowerSteering Software in February 2012. 

Project and portfolio management (PPM) software, which helps organizations improve business performance and accelerate results, is a multi-billion dollar global market, and the cloud-based segment of PPM is forecast to grow at a 40% compound annual growth rate (CAGR) for the next five years. By using PPM software, managers are able to gain enhanced visibility into a corporation's global portfolio of all corporate initiatives and projects, align the portfolio with the organization's strategic objectives, maximize benefits across the portfolio, balance supply (human resources, time or money) with demand (investments, programs, projects and unplanned work), increase the productivity of the project workforce and proactively address project emergencies and changes to the existing and planned project pipeline triggered by shifts in business direction.

About Silverback Enterprise Group

Silverback Enterprise Group acquires and builds industry-leading software companies that provide mission-critical software products to enterprise customers. Silverback works with outstanding entrepreneurs and management teams to ensure the singular focus at every Silverback company is long-term customer success. Founded in 2010 by successful technology entrepreneurs and business operators, Silverback's leadership team has a proven acquisition track record, having completed 23 successful enterprise technology acquisitions in the past 10 years. Silverback is backed by Austin Ventures, a $3.9 billion venture capital and growth equity firm, and is actively pursuing acquisition opportunities. Visit www.silverbackEG.com for more information.

About PowerSteering Software

PowerSteering Software is the leading cloud provider of business project & portfolio management (PPM) software, helping organizations drive results by enabling real-time visibility, strategic alignment, optimized asset allocation, workforce productivity, and agility in response to change across their global portfolio of projects, programs, and resources. More than 550 clients with over 150,000 active users in 50 countries rely on PowerSteering to accelerate business performance in IT Management, New Product Development, Professional Services Automation and critical Business PMO initiatives.  Visit www.powersteeringsoftware.com for more information.

About EPM Live

EPM Live is the leading work management platform that revolutionizes the way organizations manage projects and work.  Based on Microsoft SharePoint, EPM Live is the first platform that extends Project Portfolio Management (PPM) to all areas of the business regardless of work focus.  Small to large organizations can apply cost saving disciplines such as delivering projects successfully, optimizing resource utilization, and selecting the right work to all business teams including new product development, IT, services, operations, sales and project management.  Visit www.epmlive.com for more information.

Press Contact:
Matthew Barnett
617.995.5749
[email protected]

SOURCE Silverback Enterprise Group

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@CloudExpo Stories
CodeFutures has announced Dan Lynn as its new CEO. Lynn assumes the role from Founder Cory Isaacson, who has joined RMS and will now serve as chairman of CodeFutures. Lynn brings more than 14 years of advanced technology and business success experience, and will help CodeFutures build on its industry leadership around its Agile Big Data initiatives. His technical expertise will be invaluable in advancing CodeFutures’ AgilData platform and new processes for streamlining and gaining value from gro...
In this scenarios approach Joe Thykattil, Technology Architect & Sales at TimeWarner / Navisite, presented examples that will allow business-savvy professionals to make informed decisions based on a sound business model. This model covered the technology options in detail as well as a financial analysis. The TCO (Total Cost of Ownership) and ROI (Return on Investment) demonstrated how to start, develop and formulate a business case that will allow both small and large scale projects to achieve...
IBM has announced a new strategic technology services agreement with Anthem, Inc., a health benefits company in the U.S. IBM has been selected to provide operational services for Anthem's mainframe and data center server and storage infrastructure for the next five years. Among the benefits of the relationship, Anthem has the ability to leverage IBM Cloud solutions that will help increase the ease, availability and speed of adding infrastructure to support new business requirements.
SYS-CON Media announced that Cisco, a worldwide leader in IT that helps companies seize the opportunities of tomorrow, has launched a new ad campaign in Cloud Computing Journal. The ad campaign, a webcast titled 'Is Your Data Center Ready for the Application Economy?', focuses on the latest data center networking technologies, including SDN or ACI, and how customers are using SDN and ACI in their organizations to achieve business agility. The Cisco webcast is available on-demand.
Cloud and Big Data present unique dilemmas: embracing the benefits of these new technologies while maintaining the security of your organization's assets. When an outside party owns, controls and manages your infrastructure and computational resources, how can you be assured that sensitive data remains private and secure? How do you best protect data in mixed use cloud and big data infrastructure sets? Can you still satisfy the full range of reporting, compliance and regulatory requirements? In...
Advanced Persistent Threats (APTs) are increasing at an unprecedented rate. The threat landscape of today is drastically different than just a few years ago. Attacks are much more organized and sophisticated. They are harder to detect and even harder to anticipate. In the foreseeable future it's going to get a whole lot harder. Everything you know today will change. Keeping up with this changing landscape is already a daunting task. Your organization needs to use the latest tools, methods and ex...
Security can create serious friction for DevOps processes. We've come up with an approach to alleviate the friction and provide security value to DevOps teams. In her session at DevOps Summit, Shannon Lietz, Senior Manager of DevSecOps at Intuit, will discuss how DevSecOps got started and how it has evolved. Shannon Lietz has over two decades of experience pursuing next generation security solutions. She is currently the DevSecOps Leader for Intuit where she is responsible for setting and driv...
SYS-CON Events announced today that ActiveState, the leading independent Cloud Foundry and Docker-based PaaS provider, has been named “Silver Sponsor” of SYS-CON's DevOps Summit New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. ActiveState believes that enterprises gain a competitive advantage when they are able to quickly create, deploy and efficiently manage software solutions that immediately create business value, but they face many challenges that ...
Mobile commerce traffic is surpassing desktop, yet less than 20% of sales in the U.S. are mobile commerce sales. In his session at 15th Cloud Expo, Dan Franklin, Segment Manager, Commerce, at Verizon Digital Media Services, defined mobile devices and discussed how next generation means simplification. It means taking your digital content and turning it into instantly gratifying experiences.
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile ...
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, de...
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core...
Cloud services are the newest tool in the arsenal of IT products in the market today. These cloud services integrate process and tools. In order to use these products effectively, organizations must have a good understanding of themselves and their business requirements. In his session at 15th Cloud Expo, Brian Lewis, Principal Architect at Verizon Cloud, outlined key areas of organizational focus, and how to formalize an actionable plan when migrating applications and internal services to the ...
"SOASTA built the concept of cloud testing in 2008. It's grown from rather meager beginnings to where now we are provisioning hundreds of thousands of servers on a daily basis on behalf of customers around the world to test their applications," explained Tom Lounibos, CEO of SOASTA, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Disruptive macro trends in technology are impacting and dramatically changing the "art of the possible" relative to supply chain management practices through the innovative use of IoT, cloud, machine learning and Big Data to enable connected ecosystems of engagement. Enterprise informatics can now move beyond point solutions that merely monitor the past and implement integrated enterprise fabrics that enable end-to-end supply chain visibility to improve customer service delivery and optimize sup...
Vormetric on Wednesday announced the results of its 2015 Insider Threat Report (ITR), conducted online on their behalf by Harris Poll and in conjunction with analyst firm Ovum in fall 2014 among 818 IT decision makers in various countries, including 408 in the United States. The report details striking findings around how U.S. and international enterprises perceive security threats, the types of employees considered most dangerous, environments at the greatest risk for data loss and the steps or...
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that CodeFutures, a leading supplier of database performance tools, has been named a “Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. CodeFutures is an independent software vendor focused on providing tools that deliver database performance tools that increase productivity during database development and increase database performance and scalability during production.
"Verizon Digital Media Services is responsible for the broadcast, video and content delivery network that accelerates, scales and helps our customers reach end users with all kinds of video and web content," stated James Segil, CMO of Verizon Digital Media Services, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Docker is becoming very popular--we are seeing every major private and public cloud vendor racing to adopt it. It promises portability and interoperability, and is quickly becoming the currency of the Cloud. In his session at DevOps Summit, Bart Copeland, CEO of ActiveState, discussed why Docker is so important to the future of the cloud, but will also take a step back and show that Docker is actually only one piece of the puzzle. Copeland will outline the bigger picture of where Docker fits a...