Outstanding 1st 2010 Semester for Tagetik

By Tagetik, PRNE
Wednesday, September 1, 2010

Double-digit Growth, Continuous Global Expansion and Strategic Partner Alliances to Outperform in the CPM Market

LUCCA, Italy, September 2, 2010 - Tagetik, a global provider of Performance Management, Enterprise
Governance, Risk & Compliance and Business Intelligence software solutions,
today announced extremely positive business figures for the first half of
2010 Fiscal Year together with great achievements that amplify its role as
international player in the CPM market.

"2010 has started with a continued growth for Tagetik," explains Manuel
, Chief Operating Officer (COO) at Tagetik. "We closed the semester
with a +33% consolidated growth compared to last year, +61% growth on new
license revenues and 32 new customers worldwide. This confirms our
continuously expanding strategy to meet companies' needs - regardless of
their size or business - as well as to build up strong relationships with
major system integrators, technology leaders and local consulting

"We have set ourselves highly ambitious and challenging objectives for
2010 and these results convince me that we are on the right track," comments
Pierluigi Pierallini, President and CEO at Tagetik. "We are proving on the
market to be different as we remained an independent vendor and strongly
committed on integrating Performance Management and BI processes with
Collaboration and Communication technologies. Our mission today is to support
organizations in managing and monitoring business performance more
efficiently while improving operational and strategic decision-making. And we
expect the same outstanding results for the year end."

In the last six months, Tagetik has opened new European offices in Turkey
and the Nordic Region. The company is also planning the opening of new
operations in Poland, the Middle East Region and South America for Q3/Q4
2010. In addition, Tagetik is continuing to build up a strong relationship
with Microsoft Corp. in order to leverage the software tight integration with
Microsoft(R) SharePoint(R) Server 2010 and the Microsoft business
intelligence platform (
www.tagetik.com/events-news/press-releases/sharepoint2010) as well as
its new vision 'Collaborative Performance Management'.

"Tagetik's success is reflected by our customers and partners," adds
Vellutini "Many leading companies abroad and in Italy have turned to Tagetik
3.0 this semester, including Bobrick Washroom Equipment, Vinson & Elkins,
Propex Operating Company (US), Zavarovalnica Triglav (Adriatic Region),
Grontmij Business Services (The Netherlands), St Hubert, Grand Marnier
(France), Sersa Group Management, Panalpina, Hoval Management (DACH), Trader
Publishing (UK), Grandi Salumifici Italiani, HSR Fondazione Centro
S.Raffaele, Wurth, Industries (Italy). And the role of partners, such as
Microsoft, is key to spread a new vision of CPM (
www.tagetik.com/events-news/press-releases/uc2010) and strengthen our
success on the market."

Tagetik is working to further develop its integration with Microsoft's
Productivity technologies. "As part of our expected technological
accomplishments, we are going to certify and launch the integration of
Tagetik 3.0 with Microsoft Dynamics(R) ERP and Microsoft Dynamics(R) CRM,
providing Microsoft customers with one unified platform to manage and improve
business performance" concludes Vellutini.

About Tagetik

Tagetik - a Microsoft Gold Certified Partner - delivers a unified
software solution to support Performance Management and Enterprise
Governance, Risk & Compliance, plus extended Business Intelligence,
Collaboration and Communication. Tagetik 3.0 creates value by simplifying
complex business processes for CFOs and CIOs: budgeting, planning and
forecasting, consolidation and reporting, financial governance, strategy
management, profitability modeling, working capital analysis and
compliance/industry requirements. Tagetik 3.0 is the solution to translate
strategy into operations, manage and control overall performance down to
business transactions, and improve decision-making across the whole
organization while achieving faster ROI and lower total cost of ownership

Tagetik operates in 13 countries leveraging a close partnership with
Microsoft. Its market experts are totally committed to the success of 400
worldwide customers, including some of the largest Fortune 1000 companies and
representing all industries, as well as to foster synergies with system
integrators, technology leaders and local consulting specialists. To learn
more: www.tagetik.com

    Corporate Press Contact:
    Elisabetta Pierallini

    US Press Contact:
    Alessandra Gamba

    UK Press Contact:
    Caroline Powell

Corporate Press Contact: Elisabetta Pierallini, +39(0)583-96811, press at tagetik.com; US Press Contact: Alessandra Gamba, +1-203-391-7520, alessandragamba at tagetik.com; UK Press Contact: Caroline Powell, +44(0)20-8297-5388, carolinep at jdmarketing.co.uk

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