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GARTNER POSITIONS TAGETIK AS A “VISIONARY” IN BOTH 2016 MAGIC QUADRANTS FOR CORPORATE PERFORMANCE MANAGEMENT SOLUTIONS

Visionary positioning in both reports underscores the breadth of functionality delivered by Tagetik’s unified Financial Performance Platform

Tagetik, a visionary leader in global performance management software solutions, today announced Gartner, Inc. has positioned Tagetik in the visionaries quadrant of its 2016 ‘Magic Quadrant for Financial Corporate Performance Management Solutions’1 and ‘Magic Quadrant for Strategic Corporate Performance Management Solutions’2.

The annual research evaluates CPM vendors on their completeness of vision and ability to execute and factors in criteria such as annual revenue, market presence, and customer satisfaction. For the first time, this year Gartner split its analysis of CPM suites into two separate reports. The logic for this split is explained in the research here. Gartner included 10 vendors in its 2016 ‘Magic Quadrant for Financial Corporate Performance Management Solutions’ and 16 in its 2016 ‘Magic Quadrant for Strategic Corporate Performance Management Solutions’. Tagetik is one of only three vendors recognised as a “visionary” in both reports.

“I believe the reports accurately highlight our ability to support large companies and complex use cases while maintaining strong customer satisfaction,” said Manuel Vellutini, co-CEO of Tagetik. “We’re very proud of our positioning in both Magic Quadrants, and even prouder that we’ve achieved this positioning while maintaining sustainable and profitable growth and continuing our global expansion. At Tagetik, our strategy has been contrary to a ‘growth at all costs’ mentality. We are proud to have set an example for other CPM vendors by achieving profitable, double-digit growth over the last four years.”

“The breadth of functionality addressed by our Financial Performance PlatformTM, coupled with our ‘cloud without compromise’ strategy, helps us successfully compete with the leading vendors in the CPM space,” said Marco Pierallini, co-CEO of Tagetik. “Our measured growth strategy allows us to continually invest in research and development to meet the evolving needs of the finance function while taking advantage of technology innovation. Our goal is to be the long-term partner of our customers. Our sustainable business model and strong focus on customer satisfaction support that goal.”

“At Tagetik, we believe strategic and finance CPM are two sides of the same coin, and companies are best served with a unified solution that meets needs in both categories,” said Dave Kasabian, Tagetik chief marketing officer. “To us, these reports support our contention that Tagetik’s unified Financial Performance Platform is one of the few options for finance organisations looking to address both financial and strategic CPM processes in one solution. And we’ve seen that both mid-sized and large enterprises benefit from a unified approach to CPM.”

Tagetik’s Financial Performance Platform enables organisations to unify financial and operational planning, financial and management reporting, cost allocation and profitability analysis, and regulatory and disclosure reporting in a single solution.