24 February 2011

Lucca (Italy)

Tagetik Caps Off Solid 2010 Year


Growing revenues and major achievements in terms of product development, strategic alliances, and customers portfolio

Tagetik, a global provider of Performance Management, Enterprise Governance, Risk & Compliance and Business Intelligence software solutions, today announced its financial results for 2010 Fiscal Year.

2010 closed with a double-digit growth for Tagetik,” says Manuel Vellutini, EVP Chief Operating Officer at Tagetik.This great result generated +35% in license revenues, +20% in total consolidated revenues and 65 new customers worldwide. As of December 2010, we reached a total of 80 international customers – not coming from our home region – with an outstanding +120% in international total revenues and 56% of license revenues on new accounts coming from our international operations.”

+30% of 2010 deals were driven or heavily influenced by partners and their precious commitment,” adds Bani Brandolini, President International at Tagetik. “Today, a scalable, qualified, highly educated partner network is a key success factor to drive valuable implementations and sustain the Tagetik growth worldwide. This is why we are laying the foundations for a global partner program, accelerating business success with our closest partners”.

We went one step further in establishing strategic partnerships with big system integrators such as Accenture, PricewaterhouseCoopers, KPMG, Capgemini, BearingPoint and Resources Global Professionals,” continues Vellutini. “And we are making exiting, steady progress in the relationship with Microsoft.  ‘Tagetik 3.0 Enabled by Microsoft SharePoint’ software solution leverages a wider, combined product positioning that involves the whole Microsoft stack, a real opportunity to rapidly disrupt the Business Intelligence and Performance Management markets and establish business collaboration.

We are benefitting from growing links with the Microsoft Business Intelligence product development teams to deepen the integration,” explains Marco Pierallini, EVP Chief Development Officer at Tagetik.2010 was also the year of new, innovative, built-in applications, such as ‘collaborative disclosure management’ and production cost planning and control as part of the operational planning engine, proving that our solution is well coupled with vertical- and compliance-related processes”.

Last, but not least, 2010 saw the welcome of increased customers all over the world, including  Platinum Administrative Services, Luminator Technology Group, Kar Auction Services, Bobrick Washroom Equipment, Vinson & Elkins, Propex Operating Company (in US), SNCF, Banque de France, St Hubert, Grand Marnier (in France), Trader Media Group, Keller Group, NMI Group Services, Vestey Group (in UK), Sava Reinsurance, HSE, Zavarovalnica Triglav (in the Adriatic Region), Centrosolar Group, Colexon Energy, Vorwerk & Co., Sersa Group Management, Panalpina, Hoval Management, (in DACH), Docdata, DMG, Grontmij Business Services (in The Netherlands), RCS Mediagroup, Bormioli Rocco, Nestlè Italiana, Seat Pagine Gialle, Beghelli, Postecom, Banca Popolare di Sondrio, Grandi Salumifici Italiani, HSR Fondazione Centro S. Raffaele, Wurth, Fontana, Esaote, Moby Lines, Inver, Seci Real Estate (in Italy).

What’s next? Continue expanding the Tagetik and Microsoft footprint over time while augmenting application stickiness, further enhance collaboration and communication in complex decision-making, and above all execute our mission of delivering a complete ‘Collaborative Performance Management’ solution with the best implementation services ever,” concludes Vellutini.

Download the press release

Media Contacts:

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

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