LUCCA, Italy, May 13, 2013 /PRNewswire/ --
Tagetik signs OEM agreement with SAP;
Integration with SAP HANA will enable Tagetik customers to more easily benefit from SAP HANA next-generation in-memory BI, analytics and dashboards
Tagetik, a global provider of enterprise software solutions for performance management, disclosure management, financial governance and business intelligence, today announced it has signed an original equipment manufacturer (OEM) agreement with SAP (NYSE: SAP). Through the agreement, Tagetik has developed integration with the SAP HANA® platform and Tagetik 4 performance management software. In addition, Tagetik 4 has achieved SAP certification as powered by SAP HANA.
"The integration with SAP HANA launches a new phase of open collaboration between Tagetik and SAP, and our new OEM agreement shows that both Tagetik and SAP are committed to continuing to develop this valued partnership," said Manuel Vellutini, executive vice president and chief operating officer at Tagetik. "Through the integration, we expect current and prospective Tagetik customers will more easily be able to take advantage of the power of SAP HANA and we also expect SAP HANA customers will more easily be able to incorporate Tagetik into their SAP environments. This integration is anticipated to provide SAP customers with yet another way to extract business value from investments in SAP HANA."
Tagetik 4 integrated with SAP HANA is expected to allow Tagetik and SAP customers to:
- Access critical financial information with less burden on IT
- Analyze financial performance and KPIs using SAP® Lumira software
- Better understand profitability at any level of detail, even customer or SKU
- Compare alternative scenarios and impact on performance and profitability
- Identify trends and model financial impact in real time
- Extend the value generated from investments in SAP HANA
- Explore the potential of using predictive capabilities to model future impact of decisions
"SAP welcomes Tagetik as an SAP OEM partner," said Steven Birdsall, senior vice president and general manager, Global OEM Group, SAP. "Teaming with companies like Tagetik underscores our commitment to the SAP partner ecosystem and the value and expertise it can deliver to end customers. Tagetik's approach based on breakthrough SAP technology is forecasted to greatly enhance its own solution, leveraging analytics and the massive speed and scale of SAP HANA. This is expected to empower their customers to fully unlock the power of their data and help secure insights for executive decision making."
"Tagetik is fully committed to delivering continued improvements and expansion of our integration with SAP solutions to help provide added value by simplifying the technology architecture for joint customers," adds Marco Pierallini, executive vice president, chief development officer at Tagetik." We have leveraged mutual technologies in an effort to add prepackaged integration for SAP HANA as the analytic engine for Tagetik data. In the future, we also plan to add support for SAP HANA as an underlying Tagetik database option that can take advantage of the combined OLAP and OLTP technologies of SAP HANA."
To learn more, visit Tagetik in booth 2526 at the SAPPHIRE® NOW conference, being held May 14-16 in Orlando, Fla.
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
SAP, SAP HANA, SAPPHIRE and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries.
All other product and service names mentioned are the trademarks of their respective companies.
SAP Forward-looking Statement
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
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