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SelectHub, a technology selection management (TSM) software provider, released results of their IT buyer survey conducted with over 10,000 software buyers and IT sourcing professionals.

DENVER, COLO (PRWEB) JANUARY 25, 2016

SelectHub, a technology selection management (TSM) software provider, today announced a record 267% growth in revenue in 2015, adding companies such as ABC Supply Company, CNO Financial Group, Weis Markets, PBF Energy, Arapahoe County and the State of Colorado to its customer roster. SelectHub’s enterprise user-base saw a 315% growth to over 3,000 users participating in over 1,000 technology selection projects, including 141 RFIs and RFPs.

Newly released SelectHub Leaderboard ranks top CRM systems across 20 key user and business requirements

Denver, Colo (PRWEB) December 15, 2015

SelectHub, a technology selection management (TSM) software company, today released their year-end update for their CRM Software Leaderboard– showcasing the top CRM systems ranked across more than twenty key requirements.

Denver, Colo., Sept. 30, 2015 – SelectHub, a cloud-based Technology Selection Management (TSM) platform for the selection, sourcing and acquisition of IT products, today announced a new partnership with Apptio, the leading provider of Technology Business Management (TBM) applications designed to help CIOs manage the business of IT. Some of the world’s most innovative organizations are using Apptio to understand the true cost, quality, and value of their applications and services. As a result, CIOs and their teams are able to make more informed decisions about IT investments.

DENVER, Aug. 20, 2015 /PRNewswire/ — SelectHub^TM, a cloud-based software platform for technology selection management and sourcing, today announced a new relationship with PBF Energy, one of the largest independent refiners and suppliers of petroleum products. SelectHub’s platform allows company stakeholders to collaborate internally and interact with vendors across all phases of IT requirements gathering, vendor selection and acquisition. The platform enables the adoption of a standardized evaluation process that increases stakeholder participation and success rates of technology investments.

“New technologies are moving the world of business forward at rates that are faster than ever. For IT departments, it’s even more important to deliver new products and services that are as dependable as they are innovative,” said Richard Loew, Chief Information Officer at PBF Energy. “With SelectHub our IT team can secure higher business stakeholder participation faster, and provide a more transparent and disciplined process for investing in the right technology. It makes IT a better business partner for the rest of the company.”

Loew joins a growing list of high profile CIOs who have moved to the “lean,” scientific approach of TSM as a way to reduce costs and improve the speed at which IT delivers value to their organizations. Other SelectHub customers include Hunter Douglas, Advanced Energy, QEP Resources and the State of Colorado.

The “open secret” in the IT industry is that billions of dollars are wasted each year due to ineffective technology selection and archaic purchasing practices. A recent report by the Standish Group reviews major software project success rates over a 10-year period citing successful software implementation rates to be a mere 6 percent, whereas 52 percent are deemed to be challenged with time and/or cost overruns, and 42 percent are considered outright failures.

“Companies often end up purchasing technology that they later find isn’t a good fit because of functional limitations, prohibitive customization, maintenance, or performance and scalability issues – however most of these are symptoms with the root cause being lack of effective stakeholder participation and alignment throughout the selection process. Ultimately, the fingers end up pointing at the IT department,” said SelectHub CEO Venkat Devraj. “SelectHub is proud to be helping our customers remove the guess work and make the IT procurement process collaborative and agile without compromising on governance standards established by IT and Purchasing departments within the organization.”

Original Story Here: https://www.prnewswire.com/news-releases/organizations-adopt-technology-selection-management-tsm-from-selecthub-to-meet-increasing-demands-for-rapid-it-sourcing-and-procurement-services-300131316.html