META Group Distinguishes Primavera Among the Leaders In Project Portfolio Management

Business Wire, March 14, 2003

Business Editors

PHILADELPHIA--(BUSINESS WIRE)--March 14, 2003

Primavera Systems, a leading worldwide provider of resource and project portfolio management software and services, today announced that it has been positioned as one of the market leaders in META Group's recently released METAspectrum(SM) for Project Portfolio Management. META Group (Nasdaq:METG) is a leading research and consulting firm that focuses on information technology and business transformation strategies.

The new METAspectrum evaluation provides an objective assessment of companies providing products that plan, manage and prioritize project and program portfolios and related resources. The report assists firms searching for solution providers by helping them categorize providers, assess value/risk, and prioritize projects in the context of business imperatives such as financials, resources, and competitive position.

Primavera was positioned in the leaders segment in the METAspectrum analysis, and was specifically recognized for its strength in project management technology, vertical industry expertise, and services.

"We are pleased by our leadership placement in the METAspectrum based on our traditional strengths in project and program management, complemented by our newer focus on resource, process and portfolio management," said Richard K. Faris, President of Primavera.

Well known for its solutions for managing construction and engineering projects, half of Primavera's revenue now comes from customers with IT and enterprise-wide project management needs. AFLAC, Federal Express, Guardian Life Insurance, and Hewlett-Packard are just a few of the customers that use Primavera's web-based software specifically designed for corporate IT and software development organizations.

Faris continued, "META Group's recognition of Primavera as a leader in the Project Portfolio Management METAspectrum is further validation of our product strategy and vertical market product emphasis. We hope that META Group clients will put the METAspectrum to good use as they evaluate and select a project portfolio management solution that meets their specific needs."

Melinda Ballou, senior research analyst at META Group, said "Leaders in this market as a group have strong and coordinated capabilities across the core five functional areas (of project, program and portfolio management, people/resources, and processes) so users can more effectively evaluate and analyze the project portfolio." She added, "The METAspectrum model is complex enough to be applied in context, and to allow users to weigh functional categories differently based on key needs when making purchase decisions (for example, opportunity or resource management versus stronger project or portfolio management). In dynamic and emerging markets like project portfolio management, such targeted application of the METAspectrum is vital."

About METAspectrum

METAspectrum(SM) evaluations from META Group (Nasdaq:METG) provide IT professionals with a view into critical market success factors and vendor positioning. METAspectrum, in combination with META Group's SPEX modules -- which provide detailed technical analysis of product features and capabilities -- delivers comprehensive evaluations of both technology markets and vendor product offerings. METAspectrum evaluations are a standard component of a META Group retainer service subscription and are updated quarterly, biannually, or annually, depending on the characteristics of individual markets. To view completed market evaluations, or learn more about the METAspectrum methodology, visit www.metagroup.com/metaspectrum. For more information on META Group's SPEX offerings, visit www.checkspex.com

About Primavera Systems, Inc.

Founded in 1983, Primavera Systems, Inc. is the leading worldwide provider of resource and project portfolio management software and services. This year, the company celebrates its 20th anniversary. Primavera's innovative solutions help more than 40,000 companies around the globe achieve business success through project success. Primavera products maximize return on investment by speeding time to market, establishing best practices, assessing risk and providing project visibility to all participants, from executives to team members. The company serves a broad range of industries, including aerospace and defense, automotive, chemical processing, construction, energy, engineering, financial services, manufacturing, pharmaceuticals, software development, technology, telecommunications and utilities. For more information, visit: http://www.primavera.com.

Primavera is headquartered in Philadelphia (Bala Cynwyd), Pennsylvania, with offices in Chicago, New Hampshire, San Francisco, Hong Kong and London.

Primavera is a registered trademark of Primavera Systems, Inc. All other trademarks mentioned herein are the properties of their respective owners.

METAspectrum Disclaimer

Copyright (C) 2003 META Group, Inc. All rights reserved. Permission to reproduce this research has been granted by META Group, Inc. Any further reproduction or redistribution of this research in any form without prior written approval is prohibited. METAspectrum is META Group's independent evaluation of a technology market, representing marketplace characteristics at a given time and are subject to change without notice. META Group's permission to reproduce this evaluation should not be deemed to be an endorsement of any company or product. META Group research is intended to be one of many information sources and decision-makers should not rely solely on the METAspectrum evaluation for making solution choices. META Group expressly disclaims all warranties, express or implied, including but not limited to fitness of this research for a particular purpose or merchantability.