Click here to close now.

Welcome!

IoT User Interface Authors: Liz McMillan, Lori MacVittie, Frank McCourt, Sematext Blog, Hovhannes Avoyan

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.

@CloudExpo Stories
Agile, which started in the development organization, has gradually expanded into other areas downstream - namely IT and Operations. Teams – then teams of teams – have streamlined processes, improved feedback loops and driven a much faster pace into IT departments which have had profound effects on the entire organization. In his session at DevOps Summit, Anders Wallgren, Chief Technology Officer of Electric Cloud, will discuss how DevOps and Continuous Delivery have emerged to help connect dev...
"We help to transform an organization and their operations and make them more efficient, more agile, and more nimble to move into the cloud or to move between cloud providers and create an agnostic tool set," noted Jeremy Steinert, DevOps Services Practice Lead at WSM International, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
The most often asked question post-DevOps introduction is: “How do I get started?” There’s plenty of information on why DevOps is valid and important, but many managers still struggle with simple basics for how to initiate a DevOps program in their business. They struggle with issues related to current organizational inertia, the lack of experience on Continuous Integration/Delivery, understanding where DevOps will affect revenue and budget, etc. In their session at DevOps Summit, JP Morgenthal...
In his session at 16th Cloud Expo, Simone Brunozzi, VP and Chief Technologist of Cloud Services at VMware, reviewed the changes that the cloud computing industry has gone through over the last five years and shared insights into what the next five will bring. He also chronicled the challenges enterprise companies are facing as they move to the public cloud. He delved into the "Hybrid Cloud" space and explained why every CIO should consider ‘hybrid cloud' as part of their future strategy to achie...
SYS-CON Events announced today that Harbinger Systems will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Harbinger Systems is a global company providing software technology services. Since 1990, Harbinger has developed a strong customer base worldwide. Its customers include software product companies ranging from hi-tech start-ups in Silicon Valley to leading product companies in the US a...
Containers are revolutionizing the way we deploy and maintain our infrastructures, but monitoring and troubleshooting in a containerized environment can still be painful and impractical. Understanding even basic resource usage is difficult – let alone tracking network connections or malicious activity. In his session at DevOps Summit, Gianluca Borello, Sr. Software Engineer at Sysdig, will cover the current state of the art for container monitoring and visibility, including pros / cons and liv...
DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development...
"A lot of the enterprises that have been using our systems for many years are reaching out to the cloud - the public cloud, the private cloud and hybrid," stated Reuven Harrison, CTO and Co-Founder of Tufin, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
The time is ripe for high speed resilient software defined storage solutions with unlimited scalability. ISS has been working with the leading open source projects and developed a commercial high performance solution that is able to grow forever without performance limitations. In his session at Cloud Expo, Alex Gorbachev, President of Intelligent Systems Services Inc., shared foundation principles of Ceph architecture, as well as the design to deliver this storage to traditional SAN storage co...
The last decade was about virtual machines, but the next one is about containers. Containers enable a service to run on any host at any time. Traditional tools are starting to show cracks because they were not designed for this level of application portability. Now is the time to look at new ways to deploy and manage applications at scale. In his session at @DevOpsSummit, Brian “Redbeard” Harrington, a principal architect at CoreOS, will examine how CoreOS helps teams run in production. Attende...
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at th...
In the midst of the widespread popularity and adoption of cloud computing, it seems like everything is being offered “as a Service” these days: Infrastructure? Check. Platform? You bet. Software? Absolutely. Toaster? It’s only a matter of time. With service providers positioning vastly differing offerings under a generic “cloud” umbrella, it’s all too easy to get confused about what’s actually being offered. In his session at 16th Cloud Expo, Kevin Hazard, Director of Digital Content for SoftL...
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises ar...
Live Webinar with 451 Research Analyst Peter Christy. Join us on Wednesday July 22, 2015, at 10 am PT / 1 pm ET In a world where users are on the Internet and the applications are in the cloud, how do you maintain your historic SLA with your users? Peter Christy, Research Director, Networks at 451 Research, will discuss this new network paradigm, one in which there is no LAN and no WAN, and discuss what users and network administrators gain and give up when migrating to the agile world of clo...
SYS-CON Events announced today that Secure Infrastructure & Services will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Secure Infrastructure & Services (SIAS) is a managed services provider of cloud computing solutions for the IBM Power Systems market. The company helps mid-market firms built on IBM hardware platforms to deploy new levels of reliable and cost-effective computing and hig...
"AgilData is the next generation of dbShards. It just adds a whole bunch more functionality to improve the developer experience," noted Dan Lynn, CEO of AgilData, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
"We have a tagline - "Power in the API Economy." What that means is everything that is built in applications and connected applications is done through APIs," explained Roberto Medrano, Executive Vice President at Akana, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding bu...
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the ...
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of...