Gartner recognizes QPR Software in its Magic Quadrant for Corporate Performance Management as an innovative vendor

Helsinki, Finland, February 9, 2010. In its latest Magic Quadrant for Corporate Performance Management (CPM) Suites report (January  25, 2010) the world’s leading information technology research and advisory company Gartner Inc. lists QPR Software among the innovative CPM vendors interesting to watch.

Corporate Performance suites bring greater rigor, accuracy and transparency to management processes like budgeting, planning, forecasting, financials and regulatory reporting.

Gartner describes QPR Software as a vendor predominantly providing scorecarding, strategy management, planning and reporting solutions through its direct business and partner network. QPR also enables customers to model and optimize business processes that help align business processes with strategic and risk management objectives. Collaboration and reporting are provided by a portal that integrates the core components of the solution with Excel integration and support for SharePoint Server.

“Gartner’s recognition shows us that we have done the right choice when including both business process management and performance management in our QPR 8 management suite and thus made it easy to align processes with strategy. Gartner also recognizes the benefits of our strategic decision to select Microsoft as the platform to specialize in. These selections together with our new subscription pricing option have earned us a lot of credit also among our customers,” says Mr. Tony Virtanen, Vice President, Products and Technology at  QPR Software Plc.

Gartner estimates global market for stand-alone CPM suites amount to USD 1.9 billion in 2010. It envisions that the market continues to grow rapidly as Corporate Performance suites have helped customers to manage cost optimization and are now increasingly employed to support growth based strategies. Gartner forecasts that the specialist vendors, like QPR Software, continue to grow as they offer leading edge functionality and licensing options that appeal to organizations that do not want to choose from the megavendors.

QPR Software Plc is an international, highly regarded partner for enterprises and public sector in process development and business performance improvement. QPR’s mission is to help people and organizations to take control of their business processes and achieve their goals. QPR software has been implemented in more than 1,500 organizations across the globe and is provided in more than 20 languages. QPR was founded in 1991, has its headquarters in Helsinki, Finland and co-operates with an extensive network of talented partners in over 50 countries worldwide.QPR Software's share is listed on NASDAQ OMX Helsinki Ltd. (ticker: QPR1V).

QPR – Quality. Processes. Results.

For more information, please contact:

Tony Virtanen, Vice President, Products and Technology
Tel. +358 (0) 40 7724 022
tony.virtanen(at)qpr.com
www.qpr.com

News Source : Gartner recognizes QPR Software in its Magic Quadrant for Corporate Performance Management as an innovative vendor