Planview to acquire Tasktop to build the future of connected work
Planview, a provider of portfolio management and work management solutions, announced that it is entering into a definitive agreement to acquire Tasktop, a leader in value stream management (VSM).
The acquisition of Tasktop is part of Planview’s strategy to build the future of connected work and deliver transformative solutions.
“As companies strive to differentiate, survive, thrive, and disrupt their markets, there is a surge in digitalization and transformation initiatives. While well-intended, the facts show that most digital transformation efforts fail to achieve value for the business,” said Razat Gaurav, chief executive officer at Planview. “Together, we provide an exciting and much needed capability that will help our customers to connect the business of software delivery— enabling them to efficiently transform their organizations faster with more confidence, and a better ability to achieve desired business outcomes.”
Together, Planview and Tasktop will empower organizations to accelerate their time to market, improve operational efficiency and drive investment confidence in the face of economic disruption and instability, according to the vendors.
In the past year, Tasktop’s solutions have played a critical part of some of the world’s most successful digital transformations, including BMW, HSBC, Kaiser Permanente, T-Mobile, and TUI Group. Similarly, Planview has added marquee global customers such as ADP, AT&T, IBM, FIFA, and Standard Chartered.
“Connecting Planview’s leadership in enterprise Agile and strategic portfolio management with Tasktop’s leadership in VSM is a game-changing combination that expands the capabilities and value proposition we can offer to customers. Tasktop and Planview’s complementary offerings will better help our customers realize digital transformation—accelerating the pace at which they can transform and deliver competitive advantages through technology,” said Mik Kersten, founder and chief executive officer at Tasktop. “Tasktop and Planview have more than eight years of history working together, and we’re thrilled to be taking this next step in our relationship to join forces and make it possible for every organization to become a digital innovator.”
Upon completion of the transaction, the Tasktop team will join Planview, bringing additional expertise and thought leadership around VSM. Kersten will serve as Chief Technology Officer. The transaction is expected to close mid-Summer of 2022, pending regulatory approval. Terms of the transaction were not disclosed.
For more information about this news, visit www.planview.com.