05/19/2022 | Press release | Distributed by Public on 05/19/2022 23:11
Planview's announced intent to acquire Tasktop charts a course to align strategy and portfolio value management with the optimization of software delivery flow. CEO of Tasktop Mik Kersten will join Planview as CTO. Planview CEO Razat Guarav will lead the combined organization based in Austin and in Vancouver.
The announcement raises interesting questions:
Planview's EAP suite continues as a leading offering, with outstanding EAP capabilities such as backlog management and prioritization along with strategic alignment and financial analysis to support organizations on their transformation journeys.
The acquisition of Tasktop provides Planview with the opportunity to increase its visibility in the market and adds differentiation to increase buyer appeal, as enterprises continue to transition from projects to products.
While EAP and VSMP have some overlap, they are complementary, and these combined capabilities provide a solution that expands beyond IT into business strategy and value delivery. Planview and Tasktop have jointly worked with customers such as Australia's Commonwealth Bank to deliver digital transformation. That will continue to be a key go-to-market strategy for the combined enterprise.
This blogpost was jointly authored by Mike West and Bill Blosen with contributions from Hassan Ennaciri, Akis Sklavounakis, Thomas Murphy, Joachim Herschmann, and Manju Bhat.