Last updated on April 19, 2014 at 7:50 EDT

Tagetik Positioned as a Visionary Vendor in the Magic Quadrant for Corporate Performance Management Suites

February 20, 2013

LUCCA, Italy, February 20, 2013 /PRNewswire/ –

Leading industry analyst firm’s evaluation based on completeness of vision and ability
to execute to support a comprehensive strategy approach to CPM

Tagetik, a global provider of enterprise software solutions for Performance
Management, Disclosure Management, Financial Governance and Business Intelligence, today
announced that it has been positioned by Gartner, Inc. (http://www.gartner.com) in the
Visionaries quadrant of the ‘Magic Quadrant for Corporate Performance Management [CPM]
Suites’[1]. This annual report evaluates software vendors on their completeness of vision
and ability to execute.

Tagetik has also been mentioned in the recently released ‘Magic Quadrant for Business
Intelligence and Analytics Platforms’[2].

“Tagetik continued its solid year over year growth, without outside funding, both in
terms of customer base – adding 100 new customers in 2012 for a total of 570 in production
- and, as it relates to sales revenue, with a 17% increase in CPM licenses and an amazing
200% revenue growth in North America,” says Manuel Vellutini -Executive Vice President,
Chief Operating Officer at Tagetik (
http://www.tagetik.com/about/management/manuel-vellutini). “We are acquiring an
increased number of enterprise-wide Tier 1 customers, demonstrating our ability to support
larger, complex implementations by providing a complete, unified and scalable solution
with a lower TCO and high-touch approach, all while retaining a strong focus on customers’
success, as reflected in outstanding third-party customer satisfaction ratings.”

“Our software’s 4.2 version, released in October 2012, continues to be improved with
prepackaged IFRS and Solvency II functionality, FinRep and CorRep for banks, cash flow and
HR planning, production cost planning for CPG and Manufacturing, new Tax provisioning
capabilities as well as improved user interface and workflow support,” adds Marco
Pierallini – Executive Vice President, Chief Development Officer at Tagetik
(http://www.tagetik.com/company/management/marco-pierallini). “And the same, unified
application for Disclosure Management now includes EDGARization and certified SAP
connectivity. Finally, additional mobile features have been added to view reports via the
iPhone or iPad through our existing partnership with Roambi.”

“We have responded to the increased desire for SaaS-based products by releasing a
cloud-based version and leveraging Amazon Web Services and Microsoft Azure platforms.
‘Tagetik Cloud’ is available in three different options to satisfy a variety of cloud
needs and has already been selected for deployment by organizations with more than 500
global users,” explains Dave Kasabian, Corporate Vice President of Product Marketing at
Tagetik (http://www.tagetik.com/about/management/dave-kasabian). “And, in order to
more effectively address midsize organizations and emerging markets, we have released a
simplified version of Tagetik 4 – called ‘Tagetik Air’ – including standard CPM processes
and available at a predefined price to support 20-50 maximum named users.”

Read the ‘Magic Quadrant for Corporate Performance Management [CPM] Suites’ here:


About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research
publications, and does not advise technology users to select only those vendors with the
highest ratings. Gartner research publications consist of the opinions of Gartner’s
research organization and should not be construed as statements of fact. Gartner disclaims
all warranties, expressed or implied, with respect to this research, including any
warranties of merchantability or fitness for a particular purpose.

About Tagetik
Tagetik is 100% dedicated to simplifying and streamlining business processes for the
Office of Finance to accelerate informed decisions that achieve strategic goals. Our
award-winning Tagetik 4 Performance Management software is the ideal solution for global
companies that seek a clearly superior level of financial expertise in a single unified
solution for planning, forecasting, consolidation, close, reporting, profitability
management, disclosure, financial governance, and analysis.

Tagetik is a rapidly growing global company with operations in more than 20 countries
and 550 customers yet provides an exceptional experience by focusing solely on the needs
of finance and doing it better than anyone else. To learn more: http://www.tagetik.com

Follow @Tagetik [http://twitter.com/#!/tagetik ] on Twitter, join the Tagetik
Experience [http://www.linkedin.com/groups?mostPopular=&gid=114466 ] group on LinkedIn,
watch Tagetik’s Channel [http://www.youtube.com/TagetikCorporate ] on YouTube, and/or
become Tagetik fan [http://facebook.com/tagetik ] on Facebook.

[1]Gartner ‘Magic Quadrant for Corporate Performance Management [CPM] Suites’ by
Christopher Iervolino, John E. Van Decker, Neil Chandler. 14 February 2013.

[2]Gartner ‘Magic Quadrant for Business Intelligence and Analytics Platforms’ by Kurt
Schlegel, Rita L. Sallam, Daniel Yuen, Joao Tapadinhas. 5 February 2013.

        Tagetik Corporate Press Contacts:
        Elisabetta Pierallini
        Luca Pieretti

        Tagetik UK Press Contact:
        Shak Akhtar

        Tagetik US Press Contact:
        Caitlyn Hessell

SOURCE Tagetik

Source: PR Newswire