Targetprocess

Targetprocess, established in 2004 by co-founder Andrey Mihailenko, operates as a sophisticated enterprise agile planning platform. The company's genesis stems from the firsthand experiences of software developers who sought to bridge the gap between high-level visibility and a user-centric interface, empowering teams while providing crucial data for investment and prioritization decisions. After operating for 14 years, the company secured its first Series A funding round of $5 million.

In February 2021, Targetprocess was acquired by Apptio, a prominent provider of technology business management (TBM) solutions. This acquisition led to the product being rebranded as Apptio Targetprocess and later, following Apptio's acquisition by IBM, as IBM Targetprocess. The integration combines Apptio's financial management capabilities with Targetprocess's agile portfolio management, offering clients a unified platform to align technology investments with agile delivery.

The core of the business is a software-as-a-service (SaaS) platform that enables organizations to plan, track, and prioritize work across their entire enterprise, from strategic portfolios down to individual software delivery teams. The platform is designed to help medium-to-large companies scale agile methodologies like SAFe (Scaled Agile Framework), LeSS (Large-Scale Scrum), Kanban, and other custom frameworks. Its business model is seat-based, scaling with the number of users, which serves a diverse client base ranging from companies with a few hundred developers to Fortune 100 organizations with tens of thousands. The platform's revenue is generated through these user licenses.

The product provides a highly flexible and visual system for managing work. It supports all configurations of SAFe, allowing for a single source of truth across an organization. Key features include tools for portfolio and resource management, program management, portfolio budgeting, and strategic planning. A significant selling point is its ability to offer bi-directional integration with team-level tools such as Jira and Azure DevOps, creating a centralized hub for project data. This allows for comprehensive visibility, from high-level planning down to operational details, fostering transparency and accountability. The platform includes features for managing Objectives and Key Results (OKRs), tracking Value Stream KPIs, and performing SAFe core competency assessments to help organizations mature their agile practices. Keywords: enterprise agile planning, strategic portfolio management, SAFe, Scaled Agile Framework, value stream management, lean portfolio management, technology business management, Apptio, IBM Targetprocess, agile transformation, work management, portfolio prioritization, resource capacity planning, agile project management, Jira integration, Azure DevOps integration, program management, lean budgeting, software development lifecycle, business agility