Gruppo Servizi becomes Tagetik

Lucca-based Company, an example of excellence in Tuscany’s digital district, continues their success by entering the International Market with their new name and image

Gruppo Servizi, a leading producer of CPM software, today unveiled its plans to expand internationally. The company, which is headquartered in Lucca with offices in Turin and Milan, is launching Tagetik, adopting a new logo and image to compete in the international arena.

The new Tagetik brand will encompass all the activities that the Group now carries out in the Corporate Performance Management field. The name Gruppo Servizi will continue to be used by the holding company and by its subsidiary, Gruppo Servizi Information Technology.

The company is thus poised to face and succeed in the international arena with Tagetik CPM, the best Corporate Performance Management solution available on the world market. Pierluigi Pierallini, Chairman and founder of Gruppo Servizi, remarked that “We are witnessing the dawn of a new era in the world of CPM. After the enormous success in the Italian market, where over 250 top companies have turned to us for help,” he said, “our Group has now forged a specific development strategy for expanding into international markets.”

As Manuel Vellutini, Tagetik’s Executive Vice President – Sales, Marketing & Alliances, explained: “Tagetik CPM combines in one platform all the functionalities and management processes for which a CFO is responsible (strategic planning, consolidated budgeting, reporting). Tagetik CPM is the result of ten years of experience accumulated through collaboration with our customers, who have enabled us to create a product that is unique, highly innovative and capable of responding to the needs of any company, regardless of size or industry."

Tagetik takes its name from Tagete, a mythical figure. Tagete, at once a young boy and a great sage, suddenly appeared on earth to teach the ancient Etruscans the art of divination and interpreting the future. Synonymous with creative drive, wisdom and skill, the name, anglicized to Tagetik, underscores the company’s close bond with its place of origin and offers symbolic representation of the human essence: the intellectual capital of Tagetik consists of more than 150 dynamic university graduates, with an average age of barely over 30. They are the cutting edge of a new industrial district in the heart of Tuscany that is growing rapidly thanks to the network of relations that for years now has linked universities, research institutes and private enterprises in an environment of innovation, creating the ideal conditions for the flourishing of excellence.

Tagetik’s expansion into foreign markets will be guided by Bani Brandolini, a graduate of the London School of Economics and a manager with international experience in the Corporate Performance Management field gained at companies such as Hyperion and Outlooksoft. “I am proud to be a part of this dynamic Italian company, a family of talented young people under the guidance of experienced managers,” he declared. “I look forward to offering my knowledge of the business to help Tagetik to tackle its international challenge successfully.”

The ownership and organizational structure of Gruppo Servizi Holding will remain unchanged in the operation, and all the companies will operate as subsidiaries of Gruppo Servizi Holding. The new Group structure is therefore as follows:

• Gruppo Servizi Holding
• Gruppo Servizi Information technology
• Tagetik Software
• Tagetik Consulting

About Tagetik

Tagetik is the first Italian company to become an international player in the Corporate Performance Management (CPM) market. More than 10 years of experience in the CPM market working closely with CFOs have enabled Tagetik to offer an innovative single CPM solution that leverages cross platform technology and delivers faster process cycles, powerful scalability, short implementation time and lower TCO.

Tagetik CPM is the first software solution with built-in, yet flexible, unified financial, operational CPM and application processes such as budgeting & forecasting, financial planning, statutory consolidation, management reporting, profitability analysis and ABC modelling.

With more than 250 customers and 200 employees, Tagetik shares its commitment to success with worldwide customers who provide valuable feedback, a network of reliable partners that strengthen the delivery and a dedicated team of young qualified industry experts.

Tagetik’s major clients include: Unicredit, Telecom, Mediaset, Barilla, De Agostini, Fininvest, Mediobanca