Planview has established its regional headquarters in Singapore as part of its expansion into the Asia Pacific region.
Planview has “aggressive” growth plans in the region and it comes after the portfolio and work management solutions provider completed its acquisition of Tasktop, a leader in value stream management (VSM), Planview’s CEO, Razat Gaurav said.
After the Tasktop acquisition, Planview now has 1,300 employees, more than 4,500 customers, and over 2.6 million users worldwide.
Planview itself was acquired in 2020 by TPG Capital, the private equity platform of TPG, and TA Associates, for US$1.6 billion.
In the last six quarters, Planview has acquired four companies to “enhance its leadership in how companies drive on-strategy delivery,” Gaurav said.
Taking about the market opportunity in the region, he said business disruptions “accelerated by global events over the past year”, together with major changes in work culture, processes, and business demands, have exposed the weaknesses of “digital transformation” initiatives around the world, including in Asia.
“Despite investments in new technology and methodologies, disconnects in the operating environment have shown that many of these transformation initiatives have fallen short,” Gaurav said.
He added that business initiatives have become more complex across multiple locations, with shorter business cycles and much less predictability.
“It’s critical that employees across the business can see how their work connects to the organisation’s strategic outcomes and are enabled to make fast decisions on the front lines while staying on point strategically,” Gaurav said.
Planview’s Asia Pacific operations will be led by its MD and President for APAC, Vishal Dhawan, and Head of Strategy, Marketing and Alliances for APAC, Harsh Vardhan.
“Our expanded footprint in the Asia Pacific will allow us to support global clients at a time of increasing business activity in the world’s fastest-growing economic region… We already have major customers in Australia and Southeast Asia, and will increase our presence through partnerships with consulting and transformation firms, as well as global systems integrators,” said Dhawan.
He added that the company also intended to collaborate with Asian institutes of higher learning to “help build future leaders equipped to handle agile planning”.