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

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: http://www.tagetik.com/resources/analyst-reports/gartner-mq-cpm/

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  on Twitter, join the Tagetik Experience  group on LinkedIn, watch Tagetik's Channel  on YouTube, and/or become Tagetik fan  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
+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