(Source: MARKETWIRE)Innotas, a leading on-demand IT Governance provider, today announced record bookings in its fiscal Q3 2009. The company exceeded expectations both in new customer acquisitions and existing customer renewals. While continuing to grow within its core industries including state and local government, Innotas is also seeing traction across a wide range of industries, such as manufacturing, retail, and education, as companies increasingly realize they need to run IT like a business in an effort to cut costs, streamline operations, gain core efficiencies and maximize resources.

Innotas helps IT operate like a business by providing unparalleled visibility and accountability, implementing methodology and imposing benchmarks, defining and prioritizing projects, and empowering directors with the information they need to be business managers as well as IT managers.

"While the majority of IT budgets and resources are focused on non-project, maintenance and operations work, organizations are quickly realizing that they need to recalibrate how they think about their IT departments and shift focus onto project work that drives strategic business initiatives forward," said Keith Carlson, CEO of Innotas. "By helping organizations focus more of their IT resources on the most strategically important projects, Innotas on-demand IT Governance helps organizations grow the business instead of merely run it," continued Carlson.

Analyst firm IDC (www.idc.com) has positioned Innotas as an industry leader in its IDC MarketScape SaaS/On Demand ITPPM Market View and noted that the company is helping drive SaaS adoption and innovation. The report, " IDC MarketScape: IT Project and Portfolio Management, 2009 Vendor Analysis," was released on July 24 and is authored by Melinda-Carol Ballou program director and Joseph C. Pucciarelli program director.

Additionally, Gartner (www.gartner.com) placed Innotas in the Visionaries Quadrant of its "Magic Quadrant for IT Project and Portfolio Management," which was released June 2, 2009, and authored by Dan Stang, principal research analyst and Michael Hanford, research director.

To learn more about how customers are using Innotas on-demand IT Governance, download the Innotas eBook, "The 7 Undeniable Truths of IT Governance: Success stories from companies that didn't wait until it was too late."

Follow Innotas on Twitter at www.twitter.com/innotas.

About IDC MarketScape

The IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market.