(PowerSteering: Cambridge, Massachussetts).--PowerSteering, the only on-demand, enterprise project portfolio management (PPM) software used to manage information technology, Six Sigma, product development, and other enterprise initiatives, recently announced that its 2007 sales increased by 58 percent over the previous year.

Fueled by the addition of several new customers and strong growth from existing customers, PowerSteering achieved record sales performance and continued profitability.

"I’m delighted by our impressive sales achievement and especially pleased to see our software chosen to manage such a broad assortment of corporate initiatives including IT governance, new product development, and Six Sigma," remarks Stephen Sharp, PowerSteering’s CEO.

“The scalability, adaptability and affordability of our software-as-a-service business model means that global organizations can easily extend the discipline of PPM across the enterprise to achieve superior business results.”

Select PowerSteering customers added in Q4 include: Baxter, a global health care company; Bell Canada, a communications company; Memorial Hospital, a not-for-profit, community-owned medical center; Newcrest Mining, an Australian-owned mining company; Riverbed Technology, a provider of wide-area data services (WDS) solutions; Seagate, a designer and manufacturer of hard disc drives; and Vanguard, a global investment management company.

For more information, visit www.powersteeringsoftware.com/press/2008-01-03/PowerSteering_Announces_Strongest_Sales_Quarter_Ever