Tagetik Positioned in the Visionaries Quadrant of the Magic Quadrant for Corporate Performance Management Suites

LUCCA, Italy, March 14, 2011 /PRNewswire/ --

- Leading Industry Analyst Firm's Evaluation Based on Completeness of Vision and Ability to Execute

Tagetik, a global provider of enterprise software solutions for Performance Management, Governance, Risk & Compliance and Business Intelligence, today announced 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.

"We have reached for a sought-after position in the quadrant, and are pleased to have been recognized by Gartner as a Visionary," says Manuel Vellutini, EVP Chief Operating Officer at Tagetik. "Placed among thirteen vendors in this Magic Quadrant, Tagetikleverages as an independent, specialist player exclusively focused in the CPM market. Compared to the mega-vendors, we have a state-of-the-art, unified software with a clear product roadmap and no uncertainty or overlapping functionality. This is the reason why organizations are selecting Tagetik 3.0, versus a patchwork of acquired solutions."

"We continue to innovate and grow at a rate faster than the average in the market, while executing our product roadmap in all areas of CPM functionality," adds Vellutini. "Also, we significantly improved on last year's customer satisfaction survey that indicates we have added capability to support our global, rapid expansion and confirms our good depth of knowledge of the more complex aspects of CPM."

"We remained particularly strong for complex financial consolidation, financial, management, statutory reporting and budgeting, planning and forecasting-type solutions but also shared Gartner's vision who foresees aspects of financial governance become integrated and implemented in conjunction with core CPM," continues Vellutini. "That is why we have successfully worked to deliver a number of new, unified features for disclosure management and XBRL/iXBRL technology, allowing customers to support further auditability, financial governance, reconciliation management and the financial close process."

"Two years ago, we started to expand on our roadmap, incorporating a broader view of BI and PM that was meant to be a tight integration with Microsoft SharePoint Server and Microsoft BI Platform. Today, we leverage a strategic relationship with Microsoft Corp. and a truly revolutionary product ('Tagetik 3.0 Enabled by Microsoft(R) SharePoint(R) Server 2010' software solution) that are generating global opportunities, introducing us to new clients and further enhance our market position, especially in North America," concludes Vellutini.

Read the "Magic Quadrant for Corporate Performance Management [CPM] Suites" here: http://www.tagetik.com/downloads/reseach-reports/gartner-mq-cpm

About Tagetik

Tagetik delivers a unified software solution for Performance Management, Enterprise Governance, Risk & Compliance, and Disclosure Management with specialized Business Intelligence tools to optimize Collaboration and Communication.

Tagetik 3.0 creates value by simplifying complex business processes for CFOs and CIOs: budgeting, forecasting, cash flow planning, statutory and management consolidation, cost allocation, profitability analysis, financial close and fast closing, dashboard, scorecarding, collaborative disclosure management and compliance/industry requirements. Tagetik 3.0 is the solution to translate strategy into operations, manage and control overall performance down to business transactions, and improve decision-making across the whole organization while achieving faster ROI and lower total cost of ownership (TCO). Tagetik's vision to extend Performance Management and Business Intelligence to collaborative decision-making inspired us to develop Tagetik 3.0 Enabled by Microsoft SharePoint, moving CPM from Corporate to Collaborative Performance Management.

Tagetik operates in 18 countries leveraging a close partnership with Microsoft. Its market experts are totally committed to the success of 400 customers worldwide, including some of the largest Fortune 1000 companies representing all industry sectors, as well as to build strong relationships with system integrators, technology leaders and local consulting specialists.

    Tagetik is a Microsoft Gold Certified Partner.
    To learn more: http://www.tagetik.com

    [1] Gartner "Magic Quadrant for Corporate Performance Management Suites"
        by Neil Chandler, John E. Van Decker, 8 March 2011

About the Magic Quadrant

The Magic Quadrant is copyrighted 2011 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

    Corporate Press Contacts:
    Elisabetta Pierallini
    Luca Pieretti
    +39(0)583-96811
    [email protected]

    UK Press Contact:
    Shak Akhtar
    Managing Director
    +44(0)8708510540
    [email protected]

    US Press Contact:
    Alessandra Gamba
    +1-203-391-7520
    [email protected]

SOURCE Tagetik