Launch of Beta software targets $25
billion market, promises to slash high project failure
rates
TORONTO, June 18,
2024 /PRNewswire/ - Software startup Proceve today
unveiled the Beta release of its new enterprise project management
offering, seizing on the opportunity to dramatically reduce
existing project failure rates, costing companies of billions of
dollars.
Companies spend $1.6 trillion
annually on custom software projects, with a 70%failure rate and
$500 billion in annual waste.
Proceve conducted hundreds of interviews with users of the
existing project management offerings, including those from
Atlassian, Microsoft, Monday.com, Asana and others. The top
complaints were:
- Difficulty managing changing objectives and requirements;
- Problems organizing requirements and tasks;
- Complex to setup and maintain;
- Overall poor user experience.
With more than 100,000 hours of R&D and 12 patents currently
being prepared, Proceve's new project management solution is
designed to eliminate the root causes of project failure.
Proceve's project management solution is now available in Beta.
Users can sign up for free at https://www.Proceve.com using the
code P360BETA, or by visiting Proceve's booth (B403) on
June 18th at the Collision
Conference, in Toronto.
Leadership Team
Proceve was created in 2021 by CEO Paul
Michaud and Chief Scientist Daniel
Cornejo.
Paul Michaud is a repeat founder
and former Global Executive IT Architect/CTO for the Financial
Markets sector at IBM and has more than 40 years of experience
developing complex software and managing some of the world's
largest and most sophisticated projects.
Daniel Cornejo has been
developing software for more than 25 years, including as Senior
Developer at FIS Global.
Todd Werelius, VP Product and
Development, has spent more than 30 years developing commercial
products, specializing in UX/CX, competitive analysis and project
management. He is a repeat founder with multiple exits including
Asymetrix, a Paul Allen company, as
well as IP acquisitions by Oracle. He served as the Senior Director
of Software Engineering at Oracle and the CTO at
Lucid8.
About Proceve
Proceve is on a mission to radically change how projects are
managed across all industries and more broadly how software overall
gets developed. Our project management application is the first
product in a suite of offerings that will ultimately reduce the
cost and time to develop software by up to 95 per cent while
eliminating risk.
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SOURCE Proceve Inc