Realization Awarded Patent for Concerto, Its Project Execution Management System

U.S.P.TO. Issues Patent for Concerto’s Unique Ability to Synchronize Project Execution in the Face of Uncertainties

SILICON VALLEY– March 30, 2010 – Realization Technologies, a company dedicated to driving waste out of project execution, announced today that the U.S. Patent and Trademark Office has awarded the company Patent No. 7,669,179 for Concerto, its project execution system. The patent was awarded for Concerto’s unique ability to keep tasks synchronized across multiple departments and projects, even as uncertainties unfold in execution.

Traditional project management focuses on planning rather than execution, assuming a perfect world in which plans will not be disrupted by uncertainties. However, because uncertainties are the only certainty in the real world, the traditional approach simply cannot keep activities synchronized, which results in delays and skyrocketing costs.

“While projects executed traditionally are easily derailed and prolonged by uncertainties, Realization’s system keeps projects moving forward toward a timely completion,” said Sanjeev Gupta, CEO of Realization Technologies.

Miami patent attorney Mark Terry, Esq. filed and prosecuted the patent for Realization. Named inventors on the patent are Sanjeev Gupta, Dr. Ajai Kapoor, Corvin Bazgan, Prakash Pati, Rao Nimmakayala and Ravi Shankar – all of whom are from Realization.

More than 200 enterprises worldwide rely on Realization’s solutions to drive superior results in maintenance, repair and overhaul (MRO) of aircrafts, power plants, steel mills, oil refineries; engineering and construction companies; manufacturers of heavy equipment; IT firms and other providers of infrastructure.

Realization’s project execution management software ensures that various departments and entities keep working in concert even as uncertainties unfold in execution, saving both time and money.

Realization is headquartered at San Jose, Calif., USA. VISTEM is partner of Realization for German speaking countries.