Tagetik Positioned as a Visionary Vendor in the Magic Quadrant for Corporate Performance Management Suites

LUCCA, Italy, April 4, 2012 /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, Disclosure Management, Financial Governance 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], demonstrating strong execution and innovation capabilities to meet the needs of the largest global companies. This annual report evaluates software vendors on their completeness of vision and ability to execute.

"Among 13 vendors, Tagetik is one of the fastest growing and innovative global software companies in the Performance Management software industry.  We believe our position and the breadth of our unified solution shows that we are a respected alternative to the market leaders in CPM," says Manuel Vellutini - EVP, Chief Operating Officer at Tagetik (http://www.tagetik.com/about/management/manuel-vellutini). "Tagetik stands apart from the competition because of our unique ability to simplify many complex business processes for organizations large and small within a single unified software solution. We believe that focusing on a specialty and doing it well is the best way to deliver the greatest value to our customers.  100% of our development efforts and all of our domain expertise are focused squarely on performance management software and processes."

Dave Kasabian, Corporate Vice President of Product Marketing at Tagetik (http://www.tagetik.com/about/management/dave-kasabian) adds: "We feel our placement in the Gartner Magic Quadrant is a result of a passion for innovation and a dedication to customer satisfaction.  Being evaluated as a visionary vendor while also ranking among the best in customer satisfaction shows that during our global expansion we have retained our passion for innovation and customer satisfaction. Our unified solution for all the components of CPM also allows us to address all, or just one or two, of the CPM processes at a lower total cost of ownership (TCO) than integrated suites."

"We take great pride in our placement in the Magic Quadrant but our greatest pride comes from our unique ability to meet the specific needs of our market and our customers," continues Vellutini.  "Our built-in financial intelligence allows us to address complex or specific requirements for our customers without complex coding.  Customers from the Fortune 500 and mid-to-large sized businesses find our innovative yet personal approach refreshingly different and very effective.  We just passed a milestone in our growth, surpassing 500 customers across 20 global markets, and as we continue that growth it is my charter to ensure that we never lose our passion for our market and most importantly for our customers' success."

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

About the Magic Quadrant

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Tagetik

Tagetik is 100% dedicated to simplifying and streamlining business processes for the Office of Finance to accelerate informed decisions that achieve strategic goals. Our award-winning Tagetik 4.0 Performance Management software is the ideal solution for global companies that seek a clearly superior level of financial expertise in a single unified solution for planning, forecasting, consolidation, close, reporting, profitability management, disclosure, governance, risk, compliance, and analysis.

Tagetik is a rapidly growing global company with operations in more than 20 countries and 500 customers yet provides an exceptional experience by focusing solely on the needs of finance and doing it better than anyone else. To learn more:  http://www.tagetik.com

Follow  @Tagetik  on Twitter, join the  Tagetik Experience  group on LinkedIn, watch  Tagetik's Channel  on YouTube, and/or become  Tagetik fan  on Facebook.

[1] Gartner "Magic Quadrant for Corporate Performance Management [CPM] Suites" by John E. Van Decker, Neil Chandler, Christopher Iervolino. 19 March 2012.

Tagetik Corporate Press Contacts:
Elisabetta Pierallini
Luca Pieretti
+39-0583-96811
[email protected]

Tagetik UK Press Contact:
Paul Burtenshaw
+44(0)203-1784526
[email protected]

Tagetik US Press Contact:
Caitlyn Hessell
+1-203-391-7520
[email protected]

SOURCE Tagetik