Welcome!

Containers Expo Blog Authors: Elizabeth White, Craig Lowell, Pat Romanski, Sematext Blog, Stefan Bernbo

News Feed Item

Silverback Enterprise Group Announces Acquisition of EPM Live

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.

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.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
The best-practices for building IoT applications with Go Code that attendees can use to build their own IoT applications. In his session at @ThingsExpo, Indraneel Mitra, Senior Solutions Architect & Technology Evangelist at Cognizant, provided valuable information and resources for both novice and experienced developers on how to get started with IoT and Golang in a day. He also provided information on how to use Intel Arduino Kit, Go Robotics API and AWS IoT stack to build an application tha...
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Yahoo! Inc. (Nasdaq: YHOO) have entered into a definitive agreement under which Verizon will acquire Yahoo's operating business for approximately $4.83 billion in cash, subject to customary closing adjustments. Yahoo informs, connects and entertains a global audience of more than 1 billion monthly active users** -- including 600 million monthly active mobile users*** through its search, communications and digital content products. Yahoo also co...
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
With 15% of enterprises adopting a hybrid IT strategy, you need to set a plan to integrate hybrid cloud throughout your infrastructure. In his session at 18th Cloud Expo, Steven Dreher, Director of Solutions Architecture at Green House Data, discussed how to plan for shifting resource requirements, overcome challenges, and implement hybrid IT alongside your existing data center assets. Highlights included anticipating workload, cost and resource calculations, integrating services on both sides...
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.