Planview Acquired by Thoma Bravo

January 19 2017 07:41:45 PM Add/Read Comments [0]

The social task management market is hot! Last week Atlassian purchased Trello for $425M, and today private equity firm Thoma Bravo acquired Planview, maker of Trello competitor ProjectPlace. (their product portfolio also includes Innotas, Troux and Planview Enterprise)

I discussed today's news and future plans with Planview's Chief Product Officer, Patrick Tickle.

I first wrote about this market in 2012 in the Constellation Research report: Getting Work Done With Social Task Management. More recently we've published two Constellation ShortLists™  Social Task Management: Enterprise Suites With Project Features and Social Task Management: Stand-alone vendors that highlight the key vendors in this space. These recent acquisitions validate the importance of social task management as one of the critical tools employees should be using to organize, prioritize, and collaborate on their work.

Today's acquisition gives Planview a huge boost to drive their next major stage of growth.  Constellation Research will be monitoring their progress in both new product innovation and customer success.