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Clarizen’s collaborative work management solution facilitates efforts to improve business agility San Mateo, Calif. – February 16, 2017 – Clarizen, the global leader in collaborative work management software, today announced record-setting growth in 2016. Clarizen anticipates this trend will accelerate in 2017 as more enterprises become proactive in improving business agility by facilitating better collaboration among all their employees. Clarizen’s success reflects the growth of the global project and portfolio management market, which IDC predicts will grow to reach $5.2 billion by 2020. IDC reports demand will remain strong for project portfolio management (PPM) solutions as enterprises prioritize improving agile management of human, financial, and other resources. Compared to 2015, Clarizen realized tremendous growth in 2016 across large enterprise customers, including: 30% YoY growth in revenue from enterprise customers 27% YoY increase in user adoption rate among enterprise customers Clarizen helped customers drive business agility and achieve: Increased margin and utilization leveraging the Clarizen’s enhanced resource planning features and reports Faster bimodal project execution via Clarizen and Atlassian's JIRA integration, which optimizes the benefits of both agile and waterfall methodologies. Streamlined work execution for end users with native Microsoft Sharepoint integration for both on-premises and Office 365 customers. The leading industry analyst firms have taken notice of Clarizen’s growth and the maturity of its solution: Forrester Research positioned Clarizen as a leader in The Forrester Wave™: Enterprise Collaborative Work Management, Q4 2016 report. Gartner, Inc. for the second straight year placed Clarizen in the Leaders quadrant of the Gartner Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services, Worldwide. IDC selected Clarizen as a leader in the IDC Worldwide