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Last updated on April 24, 2014 at 14:25 EDT

Performance Management Provider Tagetik Announces Strong Q3 Results

November 19, 2013

LUCCA, Italy, November 19, 2013 /PRNewswire/ –

Continued revenue growth in 2013 coincides with Tagetik’s recognition as a

leader in the Performance Management software market

Tagetik, a global provider of enterprise software solutions for Performance
Management, Disclosure Management, Financial Governance and Business Intelligence, today
announced its Q3 financial results, highlighted by a 102% increase in global revenue
compared to the same period 2012.

This strong performance is due to high demand for Tagetik’s unified Financial
Performance Platform (FPP) and increased adoption of Tagetik Cloud. New customers
[http://www.tagetik.com/clients/new-projects ] are using all or part of Tagetik’s
performance management solution, including: Medline Industries, NZZ Management, Eurofoam,
Carlo Gavazzi, Plus Retail, Obiettivo Lavoro, and Home Shopping Europe for consolidation
and reporting; US Anesthesia Partners, Stroer Media, ShelterLogic, and Verisk Analytics
for budgeting and planning; Babson Capital Management for capital planning and
profitability analysis; AXA Real Estate Investments Managers for operational planning;
Audi Hungaria Motor and BUWOG for cash flow planning; Parmareggio for cost production
planning; Macintosh Retail Group, Ziggo, International Chemical Investors Group, and
Schuff International for disclosure management; gategroup Holding AG for forecasting,
budgeting and plan consolidation.

The strong financial results come after a series of recent positive announcements from
industry analysts [http://www.tagetik.com/resources/analyst-reports ] on product vision,
leadership and customer satisfaction. Tagetik was also named a leader in the The Forrester
Wave(TM): Financial Performance Management
[http://www.tagetik.com/resources/analyst-reports/forrester-wave ], Q3 2013 from Forrester
Research, Inc.

“Our third quarter was another great success. We continue to expand our global
presence to support any organization virtually anywhere they do business,” says Manuel
Vellutini [http://www.tagetik.com/about/company/management/manuel-vellutini ], Executive
Vice President, Chief Operating Officer at Tagetik. “We are working very closely with our
customers and partners to deliver the next generation solution for the Office of Finance,
replacing their old and fragmented products with a unified Financial Performance Platform
that is owned-and-operated by finance.”

About Tagetik
Tagetik is one of the fastest growing global software companies in the Performance
Management industry, with operations in more than 20 countries and over 600 customers
worldwide. Tagetik delivers enterprise solutions while providing a ’boutique’ experience,
resulting in the highest level of client satisfaction in the industry.

In the cloud or on-premises, Tagetik 4 is a unified Financial Performance Platform for
the office of finance, delivering budgeting, planning, forecasting, consolidation, close,
reporting, profitability analysis, disclosure management, financial governance, and
business intelligence. Having one solution for these processes improves efficiencies,
reduces risk, saves money and improves the bottom line.

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 a Tagetik fan [http://facebook.com/tagetik ] on Facebook.

        Tagetik Corporate Press Contacts:
        Elisabetta Pierallini
        Luca Pieretti
        +39-0583-96811
        lucapieretti@tagetik.com

        Tagetik UK Press Contact:
        Shak Akhtar
        +44(0)8708510540
        shakakhtar@tagetik.com

        Tagetik US Press Contact:
        Caitlyn Hessell
        +1-203-391-7520
        caitlynhessell@tagetik.com

SOURCE Tagetik


Source: PR Newswire