28 April 2011

Lucca (Italy) – Istanbul (Turkey)

Tagetik Goes Ashore in Turkey


New distributor, Keysoft – Financial Performance Management Applications provider, and first new customer Türk Ekonomi Bankası already

Tagetik, a global provider of enterprise software solutions for Performance Management, Governance, Risk & Compliance and Business Intelligence, today announced the opening of its new distribution in Turkey and the first Turkish customer, Türk Ekonomi Bankası. In confirmation of its ongoing global expansion strategy, the company has just signed a partnering agreement with the leading vendor in the region, Keysoft – Financial Performance Management Applications provider.

Heading the new partner based in Ataşehir – Istanbul is Fehmi Özisitmez, who is a veteran in software business and financial performance management applications, will report directly to Tagetik’s Chief Operating Officer, Manuel Vellutini. Keysoft (http://keysoft.com.tr/) has strongly committed to Tagetik’s mission of helping organizations in all industries translate strategy into operations, manage and measure their overall performance, while improving decision-making down to each business level.

This is the case of Türk Ekonomi Bankası, abbreviated TEB the first customer just a few months after the opening of the Turkish distribution. In March 2005, TEB has signed a joint venture agreement with the French BNP Paribas SA, one of the largest financial associations in the world. TEB is aggressively expanding its retail network in Turkey since and has more than 240 branches as of Q2 2007.

TEB’s 2010 merger with Fortis Bank increased the group numbers to over 600 branch offices and 10,000 employees. TEB decided to implement Tagetik 3.0 with the support of Keysoft’s consultants to manage easily and quickly the rising demands on improving its legal reporting requirements following the merger. The Tagetik’s financial reporting application went live as of March 2011.

Tagetik leverages a global presence in 20 countries, strong relationships with system integrators, technology leaders and local consulting specialists as well as major analysts validation,” says Manuel Vellutini, EVP Chief Operating Officer at Tagetik. “The opening of a new distribution in Turkey clearly demonstrates the ability to expand internationally as an independent, specialist software vendor in the CPM market. And the first banking customer in the region is an incredible success as it can help us conquer market credibility and strengthen our enviable track of records in responding to the complex needs of the financial services industry.

 

About Keysoft

Keysoft is a specialist vendor with more than 10 years experience in implementing and customizing financial performance management applications & implemented more than 50 live projects, ranging from budgeting, forecasting, cash flow planning to closing, consolidation, reporting and profitability analysis.

To learn more: http://keysoft.com.tr/

Download the press release

Media Contacts:

Luca Pieretti Tagetik Corporate Public Relations lucapieretti@tagetik.com +39 0583 96811

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