Acquisition Expands Rego’s Project and Portfolio Management Reach
SALT LAKE CITY | DEC 1, 2017 – Today Rego Consulting announced the signing of an agreement to acquire Empowered Networks’ Project and Portfolio Management (PPM) practice area. Empowered is a long-time partner of Rego and is a specialized IT Systems Integrator that enables leading digital businesses to monitor, manage, and secure their IT through automation. The acquisition was unanimously approved by both Boards of Directors and is expected to close in the fourth quarter of Rego’s fiscal 2017.
“Effective PPM drives productivity and innovation across every industry,” said Dan Greer, President, Rego Consulting. “Empowered’s engineering and technology offerings complement and expand Rego’s strengths in application management and configuration. Empowered plans to continue to grow their monitoring, management, and security business while Rego ensures their PPM clients continue to receive fully-integrated solutions to solve real portfolio problems. This deal allows both companies to offer more strategic support within our respective strong-holds.”
The acquisition of Empowered Networks’ PPM line is a significant milestone for Rego’s strategy of guiding users through the portfolio space—where roadmaps and forecasts are dependent upon guiding processes that capture and relay actionable metrics.
Having trained more than 300,000 people in Project and Portfolio Management and guided more than 500 organizations through their PPM journeys—including 35% of Fortune 100 companies and 50% of Fortune 20 companies—Rego is well-suited to meet the needs of Empowered’s government and commercial PPM customers.
Rego’s 130 expert guides have refined best practices in PPM for over a decade, with user bases that span from 50 to 50,000. Customers trust Rego’s efficient configurations, partnering approach to meet unique requirements, and emphasis on long-term instruction. Rego houses the largest PPM resource library—the regoXchange—and holds the annual regoUniversity conference, a training event for PPM knowledge-sharing and collaboration.
Brian Hepburn, Empowered Networks’ CEO said, “To work faster and with higher quality, businesses are transforming processes that leverage technology and facilitate collaboration between talented people. Rego and Empowered have more than a five-year history of working together to help businesses support optimal blends of strategic and tactical goals, and we are delighted to be taking this step forward in our relationship so that both companies can continue to expand our core solution offerings. Our customers will benefit from this increased focus and specialization.”
Gartner, a leading industry analyst, said in 2017 that the $2.3 billion PPM market is growing at more than 11% per year. The surge we see in existing and new PPM submarkets is a response that meets the needs and “challenges of executing transformational initiatives in the midst of digital disruption.”[1]
About Empowered Networks
Empowered Networks is a specialized IT Systems Integrator that enables leading digital business to monitor, manage, and secure their IT through automation. Their team helps select, deploy, and operate technologies that make applications, networks and services more agile, more visible, and more dependable. Empowered drives positive business outcomes that translate directly to the bottom line. Learn more at http://empowerednetworks.com.
[1] “Magic Quadrant for Project Portfolio Management, Worldwide, 2017”
