GenSight gains certification from Stage-Gate
Inc., the worldwide leader in product innovation best practices
GenSight gains prestigious 100% certification
for all areas of new product development
London, UK & Philadelphia, PA – January
31, 2008 – GenSight, a provider of Project Portfolio
Management (PPM) software, has achieved ‘Stage-Gate® Ready’ certification.
This prestigious certification tests innovation productivity tools
across three areas of new product development (NPD) accreditation
including Idea Management, Idea to Launch and Portfolio Management.
GenSight is only the fourth software vendor worldwide to receive the
certification, which authenticates and guarantees the company’s
ability to support best practice in the application of globally recognised
Stage-Gate processes for NPD and project portfolio management.
David Munt, managing director for The GenSight Group said: “This
new certification is a significant milestone for our company. We are
proud that the advanced capabilities of GenSight have been recognised
by the leading authority on new product development. Our customers
already provide excellent endorsement and support, this is just further
confirmation that we are leading in this industry. The alliance will
also enable our company to access a pool of innovation and knowledge
that will also benefit us greatly.”
To gain the certification, GenSight undertook extensive capabilities
testing against some 200 innovation evaluation criteria. GenSight exceeded
all criteria for Idea Management, Idea to Launch and Portfolio Management,
receiving 100% certification. Each of these areas is integral to Project
Portfolio Management (PPM) for new products.
The Stage-Gate Process developed by Dr Robert Cooper, the world’s
top innovation management scholar and co-founder of Stage-Gate Inc.,
has been the accepted best practice for new product development for
the past 20 years. The structured method of progressive new product
development and project deployment has been tested on thousands of
new product launches and is recognised worldwide as the best approach
to accelerate new products to market, successfully.
Dr. Cooper said: “I strongly recommend all would-be buyers to
ask specifically for Stage-Gate Ready software, even if your company
does not deploy a traditional Stage-Gate process. We want to help organisations
take advantage of innovation productivity tools that can help advance
business performance and we believe that if we reduce risks associated
with these decisions, it is a win-win for everyone."
Technology consultancy Booz Allen Hamilton recently highlighted the
fact that every organisation listed in its ‘Global 1,000 Innovators
2007’ report has a disciplined Stage-Gate process in place. For
GenSight’s customers, the Stage-Gate Ready certification provides
assurance their PPM supplier is equipped to provide the best practice
in helping them adopt and implement innovation productivity tools that
improve product innovation and business performance. This guarantees
time savings and reduced risk for customers.
Michelle Jones, executive VP of global growth at Stage-Gate Inc.,
said: “GenSight achieved every criteria in every category, something
we are very impressed with. Stage-Gate is a widely used and accepted
methodology that ensures best practice product development. GenSight
will benefit from being recognised as a Stage-Gate Ready certified
Alliance Member.”
Stage-Gate is a registered trademark of Product Development Institute. Stage-Gate
Inc. is a Member Company of Product Development Institute.
About The GenSight Group
GenSight is a leading provider of Enterprise Portfolio Management
(EPfM) solutions. Its Fortune 100 customers regard the company as the
best-in-class provider of portfolio management including portfolio
analysis, visualization and decision support technology. Current customers
utilising GenSight’s software include Johnson and Johnson, Sun
Chemical, Georgia Pacific and British Telecom. The company is tightly
focused and has spent over a decade innovating and honing its technology,
product and methodology and successfully developing relationships with
its customers.
The GenSight technology uses proprietary optimization algorithms to
master the complexity of portfolio management and strategic choice.
The solution is proven and has been implemented on a global basis by
leading corporations across diverse industries such as pharmaceuticals,
healthcare, consumer products, chemicals, financial services and telecommunications.
Customers achieve high value returns, typically measured as a multiple
of the implementation cost.
The company’s co-founders, David Munt and Mike Menard, each
have over 25 years’ experience of technology development and
portfolio management, respectively. Mr. Munt’s experience
includes a history of technology innovation in the areas of strategic
planning and portfolio management. Mr. Menard was previously
a senior executive at Johnson & Johnson and a consultant and expert
in criteria-based decision-making.
About Stage-Gate Inc.
Stage-Gate Inc. is the world's leading full-service provider
of solutions which enable organizations to improve their Product
Innovation and Portfolio Management capabilities. A globally recognized
and trusted brand, Stage-Gate Inc. accelerates client success with
strategic advisory and transformation services, leading-edge products,
best-selling publications, first-rate seminars and Stage-Gate® certification.
Clients include more than 5000 organisations of all sizes across
all industries.
www.stage-gate.com
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