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Daptiv scores more funding for project management software, continuing on growth trajectory
Source: VentureBeat
Aug 27, 2008


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Summary

Still on its quest to become the Salesforce.com of project portfolio management (PPM), Seattle startup Daptiv has raised $9 million more to develop and market its platform to large companies.

PPM, for those of you who haven’t spent much time in a cubicle, refers to the sets of goals, objectives and steps required for completing large projects. In essence, it’s how corporations keep their internal operations ticking along. Given the size and complexity of most modern organizations, PPM is a sizable market, and Daptiv is trying to take it away from providers like Microsoft much as Salesforce took the customer relationship management market from Oracle.

The company has grown its client base by about 100 companies to 800 total since I covered it late last year. However, CEO Jeff Pancottine says that an even more important metric is how many individual users are on the platform; that number has reached 100,000. Daptiv has also doubled in size, to over 100 employees.

Pancottine also pointed to an addition to the company’s platform that allows ordinary users to bu

...Read the full article

Comments (1)
Josh Slocum,
Oct 07, 2008
Daptiv recently laid off 20% of their staff just months after receiving this funding.

Each received only 2 weeks pay and they were kind enough to give them a bus pass so they could get home. Talk about a joke!

Where has all this money gone?

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