Mercury Positioned in Leader Quadrant for IT Project and Portfolio Management
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Mountain View – June 22, 2005 – Today, Mercury Interactive Corporation (NASDAQ: MERQ), the global leader in business technology optimization (BTO), announced that it has been listed in the leaders quadrant in Gartner Inc.’s Magic Quadrant for IT Project and Portfolio Management, 2005. According to Gartner, leaders are vendors who are performing well today, have a clear vision of market direction and are actively building competencies to sustain their leadership position in the market. “An improving climate for IT investments and the ongoing need for IT/business alignment continue to drive interest in IT project and portfolio management (PPM) strategies, including heightened interest in application support for IT PPM. This is shown in Gartner's Executive Program survey, which found that three of CIOs' 10 priorities are tied to PPM,” said Matt Light, research director at Gartner, Inc. in the report. “The top two priorities are ‘delivering projects that enable business growth’ and ‘linking business and IT strategies and plans.’ However, despite new attention to growth-oriented projects, IT organizations face mandates for sound project justification and auditable cost compliance (for example, under Sarbanes-Oxley). These dual drivers are fueling the demand for IT PPM applications, and we expect the IT PPM market's growth to accelerate.” “Customers are turning to Mercury to help address their biggest IT Governance challenges – controlling IT cost and risk, meeting compliance requirements, and aligning IT with the business,” said Yuval Scarlat, senior vice president of products at Mercury. “Mercury is one of the largest and fastest growing vendors in the IT Governance market. We are proud to be positioned in the leaders quadrant for IT project and portfolio management.” According to a separate Gartner report, IT PPM Evaluation Criteria: Vision, 2005 2, “The IT project and portfolio management market is quickly evolving. IT PPM applications are changing to meet dynamic market needs; they increasingly address financial, operational and software asset management requirements. Though recent regulations have renewed the focus on managing costs and justifying the value of projects, extending resource management and providing an integrated view of the IT portfolio will be in the ascendant.” For more information on the Gartner Magic Quadrant for IT Project and Portfolio Management 2005 report, please visit ,www.gartner.com. About Mercury Mercury Interactive Corporation (NASDAQ: MERQ), the global leader in business technology optimization (BTO), is committed to helping customers optimize the business value of information technology. Founded in 1989, Mercury conducts business worldwide and is one of the fastest growing enterprise software companies today. Mercury provides software and services to govern the priorities, people, and processes of IT; deliver and manage applications; and integrate IT strategy and execution. Customers worldwide rely on Mercury offerings to improve quality and performance of applications and manage IT costs, risks and compliance. Mercury BTO offerings are complemented by technologies and services from global business partners. For more information, please visit www.mercury.com. ###Mercury and the Mercury logo are trademarks or registered trademarks of Mercury Interactive Corporation or its subsidiaries in the United States and/or other countries. All other company, brand and product names may be trademarks or registered trademarks of their respective holders. The Magic Quadrant is copyrighted June 22, 2005 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. For more information on the Gartner “Magic Quadrant for IT Project and Portfolio Management, 2005” please visit www.gartner.com. 1Gartner Magic Quadrant for IT Project and Portfolio Management, 2005; June 22, 2005 ID G00129208 2Gartner IT PPM Evaluation Criteria: Vision, 2005; June 20, 2005 ID G00126439
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