Europe's largest independently owned insurance intermediary selects PPM Studio as a governance solution for their Project Portfolio and Application Lifecycle Management.

Online, May 25, 2010 (Newswire.com) - London, United Kingdom - May 25, 2010 SemanticSpace today announced that Towergate Partnership Ltd, a UK based insurance intermediary has selected PPM Studio to manage their end-to-end IT Project portfolio needs. With over 4,000 committed staff based across 100 UK offices, Towergate offers over 200 specialist insurance products, underpinned by strong relationships with some of the UK's leading insurance companies.

Towergate's CIO Mike Newman said "Towergate is a highly adaptive entrepreneurial company. Managing an enormous rate of change across a large number of federated businesses resulted in a growing need for a project management tool which could help us to manage the IT projects portfolio. We wanted to provide both IT and our businesses better visibility and management of all the work taking place."

Recognising the magnitude of this challenge Towergate IT embarked upon researching several project portfolio management tools and suppliers to ensure that a suitably collaborative project management solution could be accessible to, and integrated within, its environment.

Towergate was looking for a Project Management tool that could integrate with their existing systems like HRMS, Active Directory, SharePoint as well as various in-house point solution systems such as requirements management.

Towergate's Project Management Office set up a systematic ITT over a two month period with several PPM solutions, culminating in a proof of concept. Mr. Shivaji Mukthavaram, Vice President, Product Engineering at SemanticSpace Technologies added "It is heartening to note that PPM Studio won the confidence of Towergate's evaluation team following this rigorous proof-of-concept exercise. We needed to be agile and flexible in coming up with customised demos in line with the customer's business process and requirements, that includes custom configuration of workflows, organisation charts, Active Directory integration, Outlook integration and collaboration with virtual delivery platforms like Citrix."

Towergate is now able to connect with multiple software applications and in-house built systems by simple SOA-based integration. It can support Application Life Cycle Management (ALM) with business portfolios and provide matured management reporting and real time dashboards for better visibility of IT projects.

The tool was deployed to Towergate's live environment in February 2010 and they continue to liaise with SemanticSpace in expanding the existing functionality. They look forward to continuing to work together with the intention of using further SemanticSpace tools such as the PPM Test Manager Application.

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About Towergate Partnership Limited:

Towergate Partnership is Europe's largest independently owned insurance intermediary. Since being founded in 1997 the business has acquired over 160 underwriting and broking firms and now employs over 4500 staff across 100 UK offices. In 2008 Towergate Partnership reported a total income of £318m and gross written premiums of over £2bn. The business is the most significant provider of insurance to the SME market and partners with the Federation of Small Businesses.

About PPM Studio:

SemanticSpace's PPM Studio is an end to end, scalable, enterprise project portfolio management tool that helps organisations in managing IT projects from inception to delivery. PPM Studio is highly configurable and is in compliance with best practices like PMBOK, Prince2, OPM3, ITIL V3, CMMI, Agile, Scrum etc. PPM Studio has transformed organisations like BACS, TNS India, GATI and other leading companies to work towards a common goal of optimising project management aligning with business goals.

SemanticSpace Technologies is a technology powerhouse that offers full spectrum IT solutions and services to leading global enterprises for over a decade. It has a proven track record of over 1000 successful project executions across diverse technology platforms. SemanticSpace's best practices are from multiple implementations of PPM Studio that is included in our service offerings for faster implementation with low risk.