News

Innovise creates new software unit following acquisition of Pivetal

6th December 2010

AIM quoted Innovise plc,  is pleased to announce today that it has acquired the intellectual property assets of Pivetal Limited, which was recently placed into liquidation. A new business unit is being formed within Innovise’s existing Enterprise Service Management (ESM) division to develop and exploit the powerful intellectual property created by Pivetal.

Innovise ESM helps large enterprises to manage complex IT systems by providing a comprehensive range of solutions based on technology from global vendors such as CA, HP and IBM, as well as fast-growing providers such as Service-now.com. The formation of the new business unit will enable Innovise to offer its own niche solutions to work alongside and complement those provided by its partners.

Since its formation in 2001, Pivetal had delivered intelligent automation solutions to leading telecoms and communications providers. These customised and highly adaptable solutions are designed to increase the speed, visibility, integration and responsiveness of complex business processes.

Innovise is hiring a team of 10 senior software engineers and will continue to deliver and develop the Pivetal product set from offices in Southampton and the Innovise technology centre in Mumbai.

Mike Taylor, CEO of Innovise, said: "Innovise ESM is a specialist in the ITSM space and works extensively in the financial and telecoms markets. The addition of the proven Pivetal product sets will enable us to cross-sell to existing customers and to achieve value-adding integration with solutions from the leading partners that we work with in these markets.”

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About Innovise plc:

Innovise is a fast growing IT company with two divisions: Innovise ESM and Innovise Software & Solutions..

Each division is separately managed with its own management team and focused growth strategy. Across the group we seek to partner with best of breed companies to improve the services and solutions we offer. Key partners include CA, Cisco, HP, IBM, IFS, Microsoft and Novell.

For further press information, please contact

Rebecca Brown, Marketing Manager, Innovise ESM & Solutions rebecca.brown@innovise.com

Ceri Vaughan-Jones, Marketing Manager, Innovise Software ceri.vaughan-jones@innovise.com