Performance Management Provider Tagetik Announces Strong Q3 Results

Nov 19, 2013, 05:00 ET from Tagetik

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 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, Ströer 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 on product vision, leadership and customer satisfaction. Tagetik was also named a leader in the The Forrester Wave™: Financial Performance Management, 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, 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.

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Tagetik Corporate Press Contacts:
Elisabetta Pierallini
Luca Pieretti

Tagetik UK Press Contact:
Shak Akhtar

Tagetik US Press Contact:
Caitlyn Hessell

SOURCE Tagetik