No relief for PM software sales

The project and portfolio management (PPM) software market failed to shake off the effects of the recession last year, seeing a revenue decline of 1.5%, according to the latest figures from Gartner, writes V3.co.uk.

The analyst firm says PPM software revenue decreased worldwide from $1.18 billion in 2008 to $1.16 billion in 2009, and that the combined market share of the top five vendors increased to 58% from 43% in 2008.

The market had seen five years of strong growth, and Gartner attributes the decline to "financial turmoil in late 2008 and subsequent spending uncertainties in early 2009".

In Time Management has unveiled a free project management software community, http://pm-software.org, states Online PR News.

According to the company, with this Web site, project managers can choose the best application for their business needs, with the help of an independent peer-to-peer network.

The Web site serves as a portal for providing and sharing information and resources on project management software. It enables registered users to submit product listings, screenshots, videos, reviews and articles, about any resource related to project management.

AEC Software, a developer of project management business solutions, signed an agreement with Global Marketing Partners to unveil FastTrack Schedule 10, reports Market Watch.

FastTrack Schedule 10 is the latest version of the company's flagship PM software. The software enables users to quickly plan projects, present plans clearly with colourful timelines, track performance precisely and easily share project details.

As part of the new partnership, AEC Software's FastTrack Schedule 10 will be made available to technology resellers in North America through Ingram Micro.