Troux Announces Record Q1 Growth, Extends Leadership in Strategic IT Planning Software
Growing Demand from Corporate and Federal IT Departments Facing Urgent ChangeStrategic IT Planning and Control software, today announced a record quarter ending March 31, 2009. Since 2006, Troux’s revenues from sales of its industry-leading Strategic IT Planning platform and applications have grown by over 400%. Troux’s continued revenue growth places it in the top 10% of privately held software companies.
As corporations around the globe face unprecedented challenges, IT departments are fueling demand for more efficient and effective ways to strategically optimize IT and be ready for business growth. This relatively new class of enterprise software, called Strategic IT Planning and Control software, assists IT departments in pulling together the information and teams required to drive strategic cost restructuring and business change initiatives.
“Strategic IT Planning software is playing a critical role in helping corporations adjust to the almost constant change thrust upon them by the rapidly shifting global economy,” said David Hood, CEO of Troux Technologies, Inc.
“The amount of transformation necessary to align a global IT organization in response to a sudden business contraction or restructuring can be overwhelming. Often IT is expected to adjust overnight so that business can resume ‘as usual’ the next day,” continued Hood.
Strategic IT Planning and Control Software makes these rapid transformations possible by providing the insight and information necessary to uncover new opportunities for IT consolidation and standardization across businesses, and faster responses to business needs.
A March 2009 Forrester report titled “Tools For IT Planning”, states, “Strategic planning is more difficult than ever…Planning tools are a dream come true to planning teams and CIOs. Having such a wealth of information in one place in a format that allows for the data to be easily manipulated and compared is a desire of all IT organizations across all decision-making processes.”
In the same report Troux Technologies was recognized as one of the “clear leaders” of the market.
AMD, a leading global technology company, has been a Troux customer for several years. AMD initially used Troux to establish an Enterprise Architecture Repository and a standards management program. Recently, and as part of a larger strategic initiative, AMD turned to Troux 8 and Troux Alignment to provide transparency and improve communication with the business by linking the repository data to business processes.
“We are using Troux to deliver valuable insight into our application portfolios from a business process perspective. With Troux we are also creating customized dashboards and reports to enable IT and the business to better plan and execute strategic initiatives across the company,” said Tannia Dobbins, Enterprise Architect within the Strategy & Architecture group for Advanced Micro Devices, Inc.
“Troux leadership is being extended by our business partners across the industry,” said Matt Price, vice-president of worldwide marketing for Troux. “These partnerships are an ideal way for Troux to extend its reach with complementary software and services, all to the benefit of customers who rely on partners to simplify deployments.”
Partner developments in Q1 2009 include:
During the most recent quarter, Troux’s global customer community continued to grow. Troux added dedicated resources and a new office in the Asia Pacific territory and added specialist resellers Rubik to serve the Nordic countries, Formalis in Turkey and SHIFT for Middle East.
Also recently, The Butler Group, a leading UK-based IT research firm, conducted an in-depth technology review of Troux 8. As a result of the audit, Butler Group deemed Troux 8 “an impressive solution that is well aligned with the requirements of large, distributed, and decentralized organizations”.
The audit also states “Butler Group believes that the combination of modeling and analytics capabilities is the way forward…Troux…provides modules which are specifically aimed at the most common IT governance challenges, and analytics capability that provides the tools for capturing and using the data from systems that run the IT organization.”
Troux provides CIOs with innovative software to drive urgent cost restructuring and business changes. With Troux, CIOs and their teams identify where IT spending and programs are redundant or out-of-step with business strategy, and can plan and manage necessary changes, with live status information and guidance to all relevant employees and executives.
Troux’s unique approach results in immediate cost savings as well as step changes to ongoing IT efficiency, business response, and risk reduction. Troux customers and partners are large Global 2000 enterprises and government agencies, including Accenture, AstraZeneca, Barclays Bank, Bayer, Department of Homeland Security, Fiducia, Los Alamos National Laboratory, GMAC, Vattenfall and Vodafone.
Troux Technologies is the acknowledged leader in the Strategic IT Planning and Control software market.
Communications Insight, LLC
Vice President, Worldwide Marketing