Tagetik Positioned in the Visionaries Quadrant of the Magic Quadrant for Corporate Performance Management Suites
LUCCA, Italy, March 14, 2011 -- 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: 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: 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.
Source: Tagetik
Corporate Press Contacts: Elisabetta Pierallini, Luca Pieretti, +39(0)583-96811, press@tagetik.com; UK Press Contact: Shak Akhtar, Managing Director, +44(0)8708510540, shakakhtar@tagetik.com; US Press Contact: Alessandra Gamba, +1-203-391-7520, alessandragamba@tagetik.com
