Plutora Announces Record Growth Fueled by the Strength of the Value Stream Management Market
Vibrant VSM market, led by growing influence of Plutora, exhibits increased demand for solutions that provide visibility, management and control of software delivery capabilities
Santa Clara, Calif. – Aug. 13, 2019 – Plutora, leading provider of value stream management (VSM) solutions for enterprise IT, today announced it is seeing unprecedented interest in its products, noting over 70 percent year-on-year growth in sales pipeline and more than 50 percent year-on-year growth in new contracts signed. The VSM market is experiencing dynamic growth and Plutora is both propelling and benefiting from the market’s maturation. The year’s growth is the realization of a highlight-rich 12-month period that saw Plutora recognized as a Strong Performer in The Forrester New Wave™: Value Stream Management Tools, Q3 2018 and a top 3 vendor in the EMEA DevOps 2020 report.
VSM has become the fastest growing category in the already large and active DevOps market, and Plutora is leading the way. This was confirmed as 20 experts from 15 Fortune 1000 companies attended the first annual customer event – Plutora Connect. They shared the general role that VSM has played in their organizations and specifically how Plutora has helped manage their complete software portfolios from idea to production. Put simply, VSM from Plutora is helping them to become software delivery juggernauts.
The market has become so influential that global systems integrators like Infosys, Cognizant and NTT are designing entire IT practices around VSM solutions in their work with enterprises to help ensure a smooth and successful digital transformation – a daunting task for the world’s largest organizations.
“One of the biggest challenges I see with organizations working to improve their software development and delivery processes is that they have a hard time getting the organization to commit resources to making the changes, and they have a hard time maintaining those investments,” said Gary Gruver, DevOps consultant and well-known author. “The key to addressing those issues is being able to provide clear visibility of the waste that is slowing down the organization and showing the impact of the improvements on the business. Value stream mapping tools make it easy to collect all the data required for making the waste visible and can quantify the impact of improvements the teams have made.”
“Software is the currency of success, and global enterprises are racing to become experts at supplying their customers with world class experiences through continuous innovation of their products and services,” said Dalibor Siroky, CEO, Plutora. “We are extremely pleased with our performance so far this year, but we are even more excited about the future as we continue to work with our customers to strengthen their software delivery expertise to compete in today’s markets.”
“Value stream management is the fastest growing market across the 20 functional markets that comprise the DevOps pipeline and is on track to deliver 74 percent annual growth in 2019,” said Steve Hendrick, Research Director, EMA. “Digital transformation is of strategic importance to the enterprise, and VSM is the only solution that provides a full lifecycle view into each IT product from the perspective of the line of business. Executing on digital transformation is tremendously challenging without the data-driven analytics that VSM provides across the design, development, deployment and operation of IT products and services.”
Plutora, the market leader of value stream management solutions for enterprise IT improves the speed and quality of software development by capturing, visualizing, and analyzing metrics throughout the delivery process. Plutora manages and orchestrates releases across mixed methodologies, manages hybrid test environments, and manages go-live events. The Plutora Platform ensures organizational alignment of software development with business strategy with complete visibility, control, and contextual analytics, guiding continuous improvement through the measured outcomes of each effort. For more information, visit us https://www.plutora.com