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Troux Positioned in Leaders Quadrant in Industry Analyst Firm’s Enterprise Architecture Tools Magic Quadrant
Evaluation based on completeness of vision and ability to execute on that vision
Austin, Texas - (Nov. 17th, 2009) - Troux Technologies, Inc., the leader in Strategic IT Planning and Control software, today announced it has been positioned by Gartner, Inc.
in the leader’s quadrant in the 'Magic Quadrant for Enterprise Architecture Tools’1 report. The Magic Quadrant placements are drawn from rigorous evaluation around two primary axes: completeness of vision and ability to execute.
“In my opinion, our position in the leaders quadrant is largely due to our unrelenting focus on the Strategic IT Planning market, serving the intersecting needs of IT and business planning and in tightening our integration with strategic partners within the market ecosystem,” said David Hood, CEO of Troux Technologies. “We feel this is an excellent milestone, but we won’t rest on our laurels. We are accelerating our innovation and market expansion programs as we help even more companies use Troux to make significant business impact and lead transformational change.”
Market Continues to Grow
The report summarizes recent market conditions as follows, “Despite the recent challenging economic climate, the adoption of EA tools has continued to increase significantly, with most of the vendors reporting revenue growth of greater than 20% in 2008, as well as growth throughout 2009. The richness of the tool capabilities continued to increase, particularly in those related to the management of EA and the exchange of information with other tools.”
The report then continues, “It’s not just the software, but how the software will fit into the existing and future ecosystem of the enterprise that matters.”
About the Magic Quadrant
The Magic Quadrant is copyrighted November 2009 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.
About Troux
Troux provides CIOs with innovative software to drive urgent cost restructuring and business changes. With Troux, CIOs and their teams identify where IT spending and programs are redundant or out-of-step with business strategy, and can plan and manage necessary changes, with live status information and guidance to all relevant employees and executives.
Troux’s unique approach results in immediate cost savings as well as step changes to ongoing IT efficiency, business response, and risk reduction. Troux customers and partners are large Global 2000 enterprises and government agencies including Accenture, AstraZeneca, Bayer, Barclays Bank, the US Department of Labor, Fiducia, the US Department of Health and Human Services, GMAC, Vattenfall and Vodafone.
Troux Technologies is the acknowledged leader in the Strategic IT Planning and Control software market.
1Gartner, “Magic Quadrant for Enterprise Architecture Tools,” by Robert A. Handler, Chris Wilson, November 12, 2008.
Media Contacts
Inquiries:
Julie McHenry
Communications Insight, LLC
+1 650-504-6655
julie@comminsight.com
Or:
Matt Price
Vice President, Worldwide Marketing
Troux Technologies
+1 512-536-6270
mattprice@troux.com
