"The ITM tool will allow me to automate and centralize my best IT business practices," Karimi said in an e-mail response to questions. "The ITM Software products will provide us with dramatically more visibility into our IT organization, with the first step being IT projects. Visibility is critical to us in communicating the business value of our efforts to the various organizations we serve." On Karimi's wish-list for enhancements to the product are tools to aid in compliance with more government regulations, in particular HIPAA (Health Insurance Portability and Accountability Act) privacy and security regulations, he said.
ITM, based in Mountain View, California, has raised $12.8 million in venture capital to date, closing its latest $3.8 million round of financing earlier this month.
Besides targeting North America, it is also selling in Japan and has Japanese versions of its products currently available. Coleman expects the company to be in Europe later this year, with an early focus on the U.K., Netherlands, France and Germany.