Changepoint Acquires Daptiv, Adding Cloud PPM and PSA to OnPremise and Hosted Portfolio
Today Changepoint announced their acquisition of Daptiv, adding pure cloud solutions for professional services automation (PSA) and project portfolio management (PPM) to the Changepoint portfolio of OnPremise and hosted products. Changepoint, a long time TSIA partner and advisory board member, has been the top installed PSA platform for the last two years, according to my annual Global Technology Survey, and this acquisition will give them even more reach into PS, IT and development organizations wanting a SaaS solution.
PSA has three main modules: resource management, project management, and project accounting, and is used by professional services teams to automate the staffing of projects to maximize utilization rates, as well as providing dashboards so managers can track project status, costs and margins, identifying problems early enough to step in and correct the problem before the customer or project is impacted. PPM offers similar capabilities for IT and development project teams, matching skills and experience to projects, tracking project milestones and deliverables, as well as total costs for internal projects.
Changepoint’s PSA offering, available in OnPremise or Hosted options, is ideal for large organizations needing sophisticated capabilities. I’ve praised them in the past for their innovative approach to analytics, imbedding IBM Cognos into a release last year to deliver real-time management dashboards. However, with IT departments being downsized, more companies want at least one pure SaaS provider on the short list when evaluating PSA vendors, and Daptiv gives Changepoint a competitive edge, since they now can compete in deals for any deployment model.
Daptiv has been receiving good reviews for their technology, including a strong position in the Leader quadrant in the 2014 Cloud PPM Magic Quadrant from Gartner. Gartner even notes that Daptiv has been moving upmarket, with their average deal size now more than 200 seats, meaning they are competing with traditional players for large enterprise deals. Interesting, Daptiv has also imbedded IBM Cognos into their application for sophisticated analytics and dashboards, which provides a nice consistency across the Daptiv and Changepoint product lines.
Congratulations to the Changepoint and Daptiv teams on the deal! And as always, thanks to you for reading!