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Tagetik positioned in Corporate Performance Management Magic Quadrant
Leading analyst report evaluates completeness of vision and ability to execute
Lucca, Italy 2008-01-09
Tagetik, a global provider of Corporate Performance Management software solutions, today announced it has been positioned by Gartner, Inc. (NYSE: IT) in the “Magic Quadrant for CPM Suites, 2007” [1] report. Tagetik delivers a single multi platform solution that unifies all CPM process to help companies ensure faster process cycle, compliance, go beyond finance and reduce total cost of ownership.
“We are pleased to be recognized in the Magic Quadrant, I believe this recognition is based on our CPM knowledge, our growth and our good customer relationship. In my opinion, this confirms our strategy to focus people, product, performance and passion on the CPM market.” said Manuel Vellutini, COO of Tagetik. “Tagetik continues to innovate and to expand its operations globally. With the upcoming launch of Tagetik CPM 2.0, we will deliver more processes in one single CPM solution and more built in functionalities in each process, strengthening and extending our unification message to further enhance our market position.”
According to the Gartner report "The CPM market is a rapidly growing and dynamic market that grew 20.2% in 2006 to more than $1.5 billion. This level of growth makes CPM suites one of the hottest software markets, which is fueling the rapid consolidation of the market as larger vendors snap up smaller ones."
To read the report, visit www.gartner.com
[1] Gartner Research “Magic Quadrant for CPM Suites, 2007” , Nigel Rayner, December 19, 2007
About the Magic Quadrant
The Magic Quadrant is copyrighted December 2007 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Tagetik
Tagetik is a global provider of the new generation of Corporate Performance Management (CPM) solutions. Tagetik CPM is an innovative single CPM solution that leverages cross platform technology and delivers unified and faster process cycles, powerful scalability, short implementation time and lower TCO. With over 10 years of experience, Tagetik has embedded the knowledge and best practices of its customers into Tagetik CPM.
Tagetik CPM is the first software solution with built-in, flexible and unified financial, operational CPM and application processes such as budgeting, planning & forecasting, profitability modeling and optimization, dashboard and scorecard applications, financial consolidation, statutory and management reporting, extended CPM processes such as credit reporting and analysis, ICT performance management, governance risk compliance, and vertical CPM processes as regulatory accounting, cash flow management by project and mandatory reporting. Tagetik has over 300 customers including Unicredit, Telecom Italia, Banco Privado Portugues, Aries Complex, Talanx Ag, Bank Austria Market Investiment Banking, Bank Pekao, Manuli Rubber Industries, SSL Healthcare, Mediaset, Barilla, De Agostini, Fininvest, BNL, Eni Snamprogetti, IFI-Ifil, Banca Popolare di Milano, Impregilo, Astaldi, ERG, Acea, Brembo, Milan AC, Techint, Illy, Il Sole 24 Ore, Yamaha Motor Italia, Menarini.
