16 June 2011
Tagetik Covered in “Market Share Analysis: CPM Suites, Worldwide, 2010” by Leading Industry Analyst Firm
Report analyzes 2010 revenue growth rates, and market share in the corporate performance management (CPM) market
Tagetik, a global provider of enterprise software solutions for Performance Management, Governance, Risk & Compliance and Business Intelligence, today announced it has been recognized by Gartner, Inc. (www.gartner.com) as a ‘Notable Vendor’ in the “Market Share Analysis: CPM Suites, Worldwide, 2010” (1).
A complement to “Market Share: All Software Markets, Worldwide, 2010” and a sub-segment to the business intelligence (BI) market, this report analyzes 2010 revenue growth rates, and market share in the corporate performance management (CPM) suites software market. CPM showed only 3% growth in 2009 and CPM suites accelerated to 12.8% in 2010, a significantly higher growth rate than enterprise software overall, but in line with overall BI growth.
Manuel Vellutini, EVP Chief Operating Officer at Tagetik analyzes the results: “Tagetik experienced 17.2% growth in 2010 (a +4.4% compared to the market average and a +11.7% compared to the company’s growth in 2009), ranking #3 among the top five vendors analyzed, after SAP and Oracle and followed by IBM (outdistanced by -3.8% in growth), Infor and SAS Institute.”
“This growth is clearly demonstrated by our major international operations (North America, UK and France), which continued to show results in 2010 sales and customers such as SNCF, the French national railway system, Keller Group, an engineering company based in the United Kingdom, Bobrick Washroom Equipment, a leading U.S. manufacturer of bathroom accessories,Vestey Group, a food distribution company from the United Kingdom, Vinson & Elkins, an international law firm based in Texas, Grand Marnier, a French liquor manufacturer, Propex Operating Company, a global manufacturer of industrial fabrics based in Tennessee,” continues Vellutini. “As of December 2010, we reached 65 new customers worldwide (42 in 2009) with an outstanding +120% in internationaltotal revenues and 56% of license revenues from new international accounts.”
“We are also capitalizing on the opportunities created by Microsoft’s absence from the CPM suite market, making steady progress in our exclusive, global relationship with Microsoft itself. The outcome of our joint commitment, ‘Tagetik 3.0 Enabled by Microsoft® SharePoint® Server 2010’ software solution, is growing quickly and successfully, leveraging a wider, combined product positioning that involves the whole Microsoft stack.”
Read the “Market Share Analysis: CPM Suites, Worldwide, 2010” report on: www.gartner.com
(1): Gartner “Market Share Analysis: CPM Suites, Worldwide, 2010” by Dan Sommer, Neil Chandler, 13 May 2011
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