Adaptive Announces Release of IT Portfolio Management Adaptation; Aligning IT with Business.

Business Editors

BOURNEMOUTH, United Kingdom--(BUSINESS WIRE)--Feb. 27, 2003

Adaptive, Inc., a leading provider of business transformation solutions, today announced the release of its IT Portfolio Management Adaptation (ITPM)(TM).

ITPM enables an organization to create a single IT/business knowledge repository. By linking business and IT architectures, systems can be built which truly reflect the strategic priorities of business. A survey from META Group recently reported that two out of three business deals are passed over by companies because IT departments aren't prepared.

Morgan Stanley revealed that between 2000 and 2002, U.S. companies spent $130 billion on software and hardware that they ultimately didn't need to support their businesses. According to figures by Gartner Group, this number jumps to $540 billion on a global scale. Understanding the IT portfolio mitigates these issues.

Adaptive's IT Portfolio Management Adaptation allows an organization to document, classify and inter-relate its IT assets. "ITPM lets you capture your IT portfolio information to provide a 360 degree view of the inter-dependencies among IT projects, applications, interfaces, data, infrastructure and your business processes, products and organization structure. This enables you to immediately visualize the use of information technology by your organization" said Jeff Goins, Executive Vice President, Adaptive. "ITPM is designed to support your IT planning and organizing processes so that you can identify impacts, risks and potential costs of any changes, as well as identify insufficiently used capability." Rationalizing the way that IT applications and infrastructure support business operations through the use of ITPM also allows an organization to understand where its bottlenecks, redundancies and duplications are.

By enabling more informed decision-making about IT assets, ITPM provides support for significant change initiatives such as mergers and outsourcing, through the creation of future views, while effectively facilitating current state assessments. ITPM allows IT changes to be synchronized between the different IT asset types, while ensuring that these IT changes synchronize with business changes. This capability, to see the impact of change, enables organizations to assess and manage business and IT risks.

ITPM is built on the powerful, scalable and flexible Adaptive Foundation(TM) repository platform, deployed via an impressive web-based browser interface that is easily integrated into the way users already work.

Roger Burlton, CEO of Adaptive, said: "The overriding need to cut costs, increase efficiency and to improve profitability is a significant challenge in today's economy. Adaptive's ITPM delivers significant benefits to an IT organization in addressing these issues, by enabling it to achieve faster time-to-market, track changes to its portfolio and determine the impact of such changes throughout the business. ITPM will leverage the value of finite resources and budgets by ensuring that IT investments align with business imperatives."

About Adaptive, Inc.

Adaptive is a corporation that provides business transformation knowledge management software and consulting services to large organizations and governments around the world. The software and services platform is very versatile and adaptable to handle many problems faced by enterprises today, including IT portfolio optimization, security planning, project portfolio management, business process management, operational risk management, pre and post merger planning and design, and performance scorecard implementation.

Organizations that have benefited from the technology and services now available from Adaptive, Inc. include Abbey National, BBL (Bank Brussels Lambert), Credit Suisse, Deutsche Bahn, NATO, Telecom Italia, The Executive Office of the President of the United States, RAC plc, UBS and UBS Warburg.

For more information, please visit: www.adaptive.com

IT Portfolio Management Adaptation and Adaptive Foundation are trademarks of Adaptive, Inc. Other product and company names mentioned herein may be the trademarks of their respective owners.