Performance Logic, Inc., Continues Solid Expansion with Strong 2011 Sales

Portland, OR, February 21, 2012 – Performance Logic, Inc., a leading provider of Project Portfolio Management (PPM) software for the healthcare industry, announced substantial subscription growth for fiscal year 2011. Driven by significant new customer wins and increased business with existing customers, Performance Logic's revenue grew by more than 25 percent.

Performance Logic (PL) continued its focus on the healthcare industry, adding large hospital systems along with smaller community hospitals to its customer base. The company had success in several competitive selection processes where its solutions were chosen over other PPM products in the marketplace. Key customer wins in 2011 included Jackson Health System, PinnacleHealth Hospitals, and the University of Miami Health System. PL also expanded relationships with current clients, including Wellmont Health System, SickKids, and the US Veterans Health Administration.

PL continues to concentrate its efforts on setting the standard for innovation in healthcare project management. In 2011 the company made significant upgrades to its Performance Logic PPM platform, including enhanced capability for tracking strategic plans and managing operational improvement initiatives as well as improved solutions for resource management and financial tracking. PL also upgraded its rounds management application, Rounding Center, to include web-based solutions for tracking National Patient Safety Goals and Hand Hygiene Compliance. Both of these initiatives offer clients real-time results reporting and direct linkages to action planning and quality improvement efforts.

"We are seeing project management become an organizational priority for more than just IT within healthcare," said Neelesh Shah, Performance Logic co-founder and CEO. "By providing a platform that redefines the boundaries of project management and incorporates the unique characteristics within the healthcare provider space, Performance Logic has set itself apart from the competition. It's no longer good enough just to provide a web-based project management platform; that platform must be able to simultaneously support more than one project portfolio type, including IT, Supply Chain, Strategic Planning, Clinical Improvement, and Lean/Six Sigma. Our tools do this, providing immediate ROI to our clients."

About Performance Logic, Inc.

Performance Logic, Inc., based in Portland, OR, is a leading provider of web-based portfolio and project management solutions to help healthcare organizations manage their performance improvement, IT, and strategy projects while aligning resources and goals enterprise-wide. For more information, please visit www.performancelogic.com.

Media Contact:
Lisa Goldberg
Performance Logic, Inc.
503-736-3116x106
lgoldberg@performancelogic.com