Mercury in Gartner Magic Quadrant
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Mercury has been listed in Gartner's magic quadrant for IT Project and Portfolio Management for 2005. To reach the holy grail, Mercury demonstrated a clear vision of market direction and actively building competencies to sustain their leading 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."
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