Welcome!

Silverlight Authors: Automic Blog, Michael Kopp, Jyoti Bansal, Kaazing Blog, Steven Mandel

News Feed Item

Tagetik Reports Outstanding 2012 Results Strengthening its Ascent in the CPM Market

LUCCA, Italy, February 11, 2013 /PRNewswire/ --

Revenue growth, product innovation, and an expanding customer and partner network fuel strong 2012 performance and pave the way for
continued growth in 2013

Tagetik, a global provider of enterprise software solutions for Performance Management, Disclosure Management, Financial Governance and Business Intelligence, today announced its full-year financial and non-financial results as of December 31, 2012.

Tagetik delivered another year with strong double-digit growth including:

  • 22% increasein total consolidated revenues,
  • 40% increase in consolidated license revenues,
  • 75% increase inrevenues from international operations,
  • Continued investments on product enhancements, support and market expansion,

according to Pierluigi Pierallini-President and CEO at Tagetik (http://www.tagetik.com/about/company/management/pierluigi-pierallini). "We are experiencing great momentum in the market, proving Tagetik is a solid and viable software vendor for medium companies and the largest global enterprises. We are highly-focused on investing, innovating, and excelling to drive financial process optimization for the Office of Finance and continuing our global growth in the Corporate Performance Management market."

"We are very proud of our accomplishments in 2012, it has been a great year for Tagetik," continues Manuel Vellutini -EVP, Chief Operating Officer at Tagetik (http://www.tagetik.com/about/company/management/manuel-vellutini).  "We were able to add 100 new customers to the Tagetik family; embrace new technologies like cloud, in-memory, mobile, and analytics in ways that benefit our customers; and make finance processes easier and more powerful for Finance yet simple for IT to install and manage.  Most importantly, we accomplished all of this while maintaining our great customer satisfaction ratings and are on track for an even greater year in 2013."

Key 2012 accomplishments include:

Company Mission and Focus

  • Continued to extend its global reach adding customers in 35 countries while still delivering the 'boutique' experience that has helped establish Tagetik as the most innovative and leading-edge CPM specialist software vendor in the market
  • Continued its intense focus squarely on the Office of Finance which resulted in outstanding customer satisfaction ratings in surveys by leading industry analyst firms
  • Provided benchmarks to help finance organizations determine their best opportunities to improve performance and reduce costs
  • Unveiled 'Performance with Passion' as the new foundation of its corporate identity to highlight its focus on strong customer satisfaction.

Global Reach

  • Expanded operations into Asia via an exclusive distributorship with Fusionex, the '2012 Microsoft Global Business Intelligence Partner of the Year'
  • Signed exclusive distribution agreement in Portugal with OnGlobal Solutions
  • New distribution agreements with KPMG in Greece, Romania and Moldova
  • Signed an exclusive distributorship in China to extend the Tagetik reach into this massive, and largely untapped, market in 2013.

Product Development and Innovation

  • Tagetik launched a major release of its unified Performance Management solution, featuring a fully redesigned user experience, process-centric navigation, Edgarization capabilities for XBRL filings, and deeper integration with Microsoft Office including a new Microsoft PowerPoint Add-in
  • Brought to market Tagetik Cloud which runs on both Microsoft Windows Azure and Amazon Web Services.  Tagetik Cloud is designed to support the cloud needs of not only the mid-market but also large global companies and has been selected for deployment by organizations with more than 500 global users
  • As a strategic Microsoft Partner, Tagetik was part of the SQL Server 2012 launch taking advantage of in-memory analytics, new intuitive dashboard capabilities, and powerful self-service BI
  • Released Tagetik Analytics to allow users in the Office of Finance to create engaging analytics and dynamic reports extending the reach and value of Tagetik deeper into its customers' user community
  • Developed pre-packaged applications to support banks and insurance companies' regulatory reporting requirements including Solvency II, FINREP, COREP, and US and Canadian regulations.

Worldwide Customers

  • Tagetik added over 100 new customers, across 22 geographies, in all industry sectors
  • Added many new large multinational companies including Metro AG, Erste Group Bank AG, Rabobank Group (including North America, Netherlands, and International), Henkel Group and many others further demonstrating Tagetik's ability to support the scale and complexity of Global 500 corporations in a single solution with a lower TCO than its competitors
  • Held the 2012 'Tagetik in Touch' global conference in Lucca, Italy with more than 600 attendees from more than 30 countries to share best practices with their peers and experience the Tuscan culture that makes 'Performance with Passion' part of Tagetik's DNA.

Industry and Analyst Validation

Partner Network

  • Tagetik and PwC unveiled a multinational Competence Center to support customers in half a dozen countries throughout Europe and in North America
  • Grant Thornton LLP and Tagetik signed an agreement to deliver CPM services throughout the U.S.
  • Tagetik and KPMG Advisory signed a collaboration agreement in Italy to deliver consulting services and in the Adriatic Region through its distributor CRMT
  • Signed a distribution agreement with KPMG in Greece, Romania and Moldova, demonstrating Tagetik's strong focus on collaborative relationships with professional services firms which combines Tagetik's product knowledge and finance domain expertise with its partners' extensive industry experience
  • Partnered with Avanade in Germany, West Monroe Partners in United States, Coins in United Kingdom, and extended its partnership with XLCubed, based in the UK, and established integration with CXO-Cockpit a popular tool for C-level dashboards specifically designed for CPM solutions.

"2012 was a great year for Tagetik and our achievements established a foundation for continued strong global growth in 2013," concludes Mr. Vellutini.

About Tagetik    
Tagetik is 100% dedicated to simplifying and streamlining business processes for the Office of Finance to accelerate informed decisions that achieve strategic goals. Our award-winning Tagetik 4 Performance Management software is the ideal solution for global companies that seek a clearly superior level of financial expertise in a single unified solution for planning, forecasting, consolidation, close, reporting, profitability management, disclosure, financial governance, and analysis.


Tagetik is a rapidly growing global company with operations in more than 20 countries and 500 customers yet provides an exceptional experience by focusing solely on the needs of finance and doing it better than anyone else. To learn more: http://www.tagetik.com

Follow @Tagetik  on Twitter, join the Tagetik Experience  group on LinkedIn, watch Tagetik's Channel  on YouTube, and/or become Tagetik fan  on Facebook.

[1]Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

[2]Gartner "Magic Quadrant for Corporate Performance Management [CPM] Suites" by John E. Van Decker, Neil Chandler, Christopher Iervolino. 19 March 2012. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Tagetik Corporate Press Contacts:
Elisabetta Pierallini
Luca Pieretti
+39-0583-96811
[email protected]

Tagetik UK Press Contact:
Shak Akhtar
+44(0)870-851-0540
[email protected]

Tagetik US Press Contact:
Caitlyn Hessell
+1-203-391-7520
[email protected]

SOURCE Tagetik

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
SYS-CON Events announced today that Mobile Create USA will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Mobile Create USA Inc. is an MVNO-based business model that uses portable communication devices and cellular-based infrastructure in the development, sales, operation and mobile communications systems incorporating GPS capabi...
SYS-CON Events announced today that Enroute Lab will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enroute Lab is an industrial design, research and development company of unmanned robotic vehicle system. For more information, please visit http://elab.co.jp/.
SYS-CON Events announced today that Suzuki Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Suzuki Inc. is a semiconductor-related business, including sales of consuming parts, parts repair, and maintenance for semiconductor manufacturing machines, etc. It is also a health care business providing experimental research for...
Real IoT production deployments running at scale are collecting sensor data from hundreds / thousands / millions of devices. The goal is to take business-critical actions on the real-time data and find insights from stored datasets. In his session at @ThingsExpo, John Walicki, Watson IoT Developer Advocate at IBM Cloud, will provide a fast-paced developer journey that follows the IoT sensor data from generation, to edge gateway, to edge analytics, to encryption, to the IBM Bluemix cloud, to Wa...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
SYS-CON Events announced today that Nihon Micron will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Nihon Micron Co., Ltd. strives for technological innovation to establish high-density, high-precision processing technology for providing printed circuit board and metal mount RFID tags used for communication devices. For more inf...
SYS-CON Events announced today that mruby Forum will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. mruby is the lightweight implementation of the Ruby language. We introduce mruby and the mruby IoT framework that enhances development productivity. For more information, visit http://forum.mruby.org/.
In his session at @ThingsExpo, Greg Gorman is the Director, IoT Developer Ecosystem, Watson IoT, will provide a short tutorial on Node-RED, a Node.js-based programming tool for wiring together hardware devices, APIs and online services in new and interesting ways. It provides a browser-based editor that makes it easy to wire together flows using a wide range of nodes in the palette that can be deployed to its runtime in a single-click. There is a large library of contributed nodes that help so...
SYS-CON Events announced today that Ryobi Systems will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ryobi Systems Co., Ltd., as an information service company, specialized in business support for local governments and medical industry. We are challenging to achive the precision farming with AI. For more information, visit http:...
SYS-CON Events announced today that SIGMA Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. uLaser flow inspection device from the Japanese top share to Global Standard! Then, make the best use of data to flip to next page. For more information, visit http://www.sigma-k.co.jp/en/.
SYS-CON Events announced today that Daiya Industry will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Daiya Industry specializes in orthotic support systems and assistive devices with pneumatic artificial muscles in order to contribute to an extended healthy life expectancy. For more information, please visit https://www.daiyak...
SYS-CON Events announced today that B2Cloud will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. B2Cloud specializes in IoT devices for preventive and predictive maintenance in any kind of equipment retrieving data like Energy consumption, working time, temperature, humidity, pressure, etc.
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp em...
What is the best strategy for selecting the right offshore company for your business? In his session at 21st Cloud Expo, Alan Winters, U.S. Head of Business Development at MobiDev, will discuss the things to look for - positive and negative - in evaluating your options. He will also discuss how to maximize productivity with your offshore developers. Before you start your search, clearly understand your business needs and how that impacts software choices.
SYS-CON Events announced today that Interface Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Interface Corporation is a company developing, manufacturing and marketing high quality and wide variety of industrial computers and interface modules such as PCIs and PCI express. For more information, visit http://www.i...
SYS-CON Events announced today that Keisoku Research Consultant Co. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Keisoku Research Consultant, Co. offers research and consulting in a wide range of civil engineering-related fields from information construction to preservation of cultural properties. For more information, vi...
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
SYS-CON Events announced today that Fusic will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Fusic Co. provides mocks as virtual IoT devices. You can customize mocks, and get any amount of data at any time in your test. For more information, visit https://fusic.co.jp/english/.
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...