A good hosted Project Management software that suits my EPM needs is called valleyspeak project server, which I found at http://www.valleyspeak.com. One of the main reasons why I like the software is the fact that I could continue to work in Microsoft Project 2007 while sharing my Microsoft Project plans with my teams.

Because it is a hosted service, I did not have to buy expensive software or deal with installation and maintenance headaches. The functionality that I have with valleyspeak to manage my geographically dispersed teams works well for me. We also evaluated Basecamp and some other solutions but were not impressed.

Yea even we are using this valleyspeak project server, it has the best collaborative features i had ever seen and it is highly cost effective as it is hosted project management product you don't even have a risk of maintenance and its highly cost effective if any body want to try it, you can even have a trail version from the firm visit www.valleyspeak.com