Tagetik Covered in "Market Share Analysis: CPM Suites, Worldwide, 2010" by Leading Industry Analyst Firm
By Tagetik, PRNEWednesday, June 15, 2011
LUCCA, Italy, June 16, 2011 -
- 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. (
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 averageand 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 international total 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:
Follow @Tagetik on
Twitter and join the
Experience group on LinkedIn.
[1]Gartner “Market Share
Analysis: CPM Suites, Worldwide, 2010“ by Dan Sommer,
Neil Chandler, 13 May 2011
About Tagetik
Tagetik delivers a unified software solution for
Performance Management, Enterprise
Governance, Risk & Compliance, and
Disclosure Management with specialized
Business Intelligence tools to optimize
Collaboration and Communication.
Tagetik 3.0 creates value by simplifying
complex business processes for CFOs and
CIOs: budgeting, forecasting, cash flow planning,
statutory and management consolidation, cost allocation,
profitability analysis, financial close and fast closing,
dashboard, scorecarding, collaborative disclosure management 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 (TCO).
Tagetik’s vision to extendPerformance
Management and Business Intelligenceto
collaborative decision-making inspired us to develop
Tagetik 3.0 Enabled by Microsoft SharePoint,
moving CPM from Corporate to Collaborative Performance
Management.
Tagetik operates in 18 countries
leveraging a close partnership with Microsoft. Its market
experts are totally committed to the success of 400
customers worldwide, including some of the largest
Fortune 1000 companies representing all industry sectors, as well
as to build strong relationships with system integrators,
technology leaders and local consulting specialists.
Tagetik is a Microsoft Gold Independent Software
Vendor (ISV).
To learn more:
Corporate Press Contacts:
Elisabetta Pierallini
Luca Pieretti
+39-0583-96811
press@tagetik.com
UK Press Contact:
Shak Akhtar
Managing Director
+44(0)8708510540
shakakhtar@tagetik.com
US Press Contact:
Alessandra Gamba
+1-203-391-7520
alessandragamba@tagetik.com
.
Tags: Italy, June 16, Lucca, Tagetik
