Tagetik Continues International Expansion With Opening of Direct Operation Serving Sweden, Denmark, Norway, Finland and Iceland

Tagetik , a leader in global performance management software solutions, today announced the establishment of Tagetik Nordic AB, a direct operation providing sales, implementation, and consulting support to companies in Sweden, Denmark, Norway, Finland and Iceland. The new subsidiary is a result of Tagetik's acquisition of its former distributor in the Nordic market.

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Under the name Tagetik Nordic AB, the company will support Tagetik's global expansion efforts driving continued growth in the region. The formation of the new entity is accompanied with the opening of a new office in Stockholm, Sweden. Current customers in the region include Ambea, Dina, Protector, Hempel, and Elematic.  

Tagetik's new direct operation will be led by experienced finance and corporate performance management (CPM) experts with an extensive track record of project successes. Marco van der Kooij, general manager for Tagetik Benelux, will also serve as general manager for Tagetik Nordic. Erik Granbom, who brings 20 years of experience in software market sales, will serve as Tagetik Nordic's sales director.

"Our new direct operation gives Tagetik the ability to focus exclusively on the satisfaction and success of its customers in the Nordic region," said van der Kooij. "With the support of our established business partners, the new operation will also help us grow market share in the CPM software market. We are confident Tagetik's unified Financial Performance Platform™, along with pre-packaged solutions for IFRS 4 Phase II, IFRS 9, 15 and 16, will appeal to the region's CFOs dealing with complex business and finance challenges."

"This new direct operation positions us to increase our growth momentum worldwide and work directly with progressive finance leaders in the Nordic region," said Manuel Vellutini, co-CEO of Tagetik.  "Marco and his team have delivered excellent results in the first year of direct operations in the Benelux region. Under Marco's guidance, we will increase sales and marketing investments and deepen relationships with our existing customers in the Nordic region through increased support services."

About Tagetik 

Tagetik understands the complex challenges that face the Office of Finance and translates that knowledge into intuitive, enterprise-scale performance management software solutions that drive business results. With Tagetik, companies get the simplicity of the Cloud and the power to unify financial and operational planning; shorten the consolidation and close process; immediately analyze results, model and compare full financial statement impact of business scenarios; adjust strategic plans; seamlessly update rolling forecasts; produce formatted and auditable financial statements and management reports; collaborate on business reviews, and automate disclosure and board reporting. Tagetik has built-in financial intelligence so that CFOs, finance managers, and operations executives can orchestrate multiple or all processes in one software solution. More than 850 customers across 35 countries count on Tagetik to improve efficiency, reduce risk, save money and deliver results. For more information, visit http://www.tagetik.com. We get Finance. You get results.

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SOURCE Tagetik