Tagetik Caps off Solid 2010 Year
Growing Revenues and Major Achievements in Terms of Product Development, Strategic Alliances, and Customers Portfolio
LUCCA, Italy, February 24, 2011 /PRNewswire/ -- Tagetik, a global provider of Performance Management, Enterprise Governance, Risk & Compliance and Business Intelligence software solutions, today announced its financial results for 2010 Fiscal Year.
"2010 closed with a double-digit growth for Tagetik," says Manuel Vellutini, EVP Chief Operating Officer at Tagetik. "This great result generated +35% in license revenues, +20% in total consolidated revenues and 65 new customers worldwide. As of December 2010, we reached a total of 80 international customers - not coming from our home region - with an outstanding +120% in international total revenues and 56% of license revenues on new accounts coming from our international operations."
"+30% of 2010 deals were driven or heavily influenced by partners and their precious commitment," adds Bani Brandolini, President International at Tagetik. "Today, a scalable, qualified, highly educated partner network is a key success factor to drive valuable implementations and sustain the Tagetik growth worldwide. This is why we are laying the foundations for a global partner program, accelerating business success with our closest partners."
"We went one step further in establishing strategic partnerships with big system integrators such as Accenture, PricewaterhouseCoopers, KPMG, Capgemini, BearingPoint and Resources Global Professionals," continues Vellutini. "And we are making exiting, steady progress in the relationship with Microsoft. 'Tagetik 3.0 Enabled by Microsoft SharePoint' software solution leverages a wider, combined product positioning that involves the whole Microsoft stack, a real opportunity to rapidly disrupt the Business Intelligence and Performance Management markets and establish business collaboration."
"We are benefitting from growing links with the Microsoft Business Intelligence product development teams to deepen the integration," explains Marco Pierallini, EVP Chief Development Officer at Tagetik. "2010 was also the year of new, innovative, built-in applications, such as 'collaborative disclosure management' and production cost planning and control as part of the operational planning engine, proving that our solution is well coupled with vertical- and compliance-related processes."
Last, but not least, 2010 saw the welcome of increased customers all over the world, including Platinum Administrative Services, Luminator Technology Group, Kar Auction Services, Bobrick Washroom Equipment, Vinson & Elkins, Propex Operating Company (in US), SNCF, Banque de France, St Hubert, Grand Marnier (in France), Trader Media Group, Keller Group, NMI Group Services, Vestey Group (in UK), Sava Reinsurance, HSE, Zavarovalnica Triglav (in the Adriatic Region), Centrosolar Group, Colexon Energy, Vorwerk & Co., Sersa Group Management, Panalpina, Hoval Management, (in DACH), Docdata, DMG, Grontmij Business Services (in The Netherlands), RCS Mediagroup, Bormioli Rocco, Nestle Italiana, Seat Pagine Gialle, Beghelli, Postecom, Banca Popolare di Sondrio, Grandi Salumifici Italiani, HSR Fondazione Centro S. Raffaele, Wurth, Fontana, Esaote, Moby Lines, Inver, Seci Real Estate (in Italy).
"What's next? Continue expanding the Tagetik and Microsoft footprint over time while augmenting application stickiness, further enhance collaboration and communication in complex decision-making, and above all execute our mission of delivering a complete 'Collaborative Performance Management' solution with the best implementation services ever," concludes Vellutini.
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
Corporate Press Contacts:
Elisabetta Pierallini
Luca Pieretti
+39-0583-96811
[email protected]
UK Press Contact:
Jacqui Freeman
+44(0)20-8297-5388
[email protected]
US Press Contact:
Alessandra Gamba
+1-203-391-7520
[email protected]
SOURCE Tagetik
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