Tagetik Starts Operation in Brazil

Twice Software Named as a Distributor for the Country

LUCCA, Italy and SAO PAULO, Brazil, March 30, 2011 - Tagetik, a global provider of Performance Management, Financial
Governance and Business Intelligence software solutions, today announced the
beginning of its operation in Brazil (www.tagetik.com.br) and a
partnership with Twice Software (www.twice.com.br), confirming the
company's commitment to expand its footprint within the growing Brazilian
economic market.

Heading the new operation based in Sao Paulo is Antonio Rihl, who has
over twenty-five years of experience in managing leading software and IT
companies like Business Objects (now part of SAP) and Hyperion (now part of
Oracle). Antonio Rihl will report directly to Tagetik's Chief Operating
Officer, Manuel Vellutini, and will be responsible for the development of the
Tagetik brand, products and partnerships in the Brazilian market.

"Brazil is a unique market. It's huge in potential and full of contrasts,
offering profitable growth and big risk factors and that's the sweet spot for
business performance management solutions, especially for budgeting, planning
and forecasting," says Antonio Rihl. "In a fast changing economic scenario,
the competitive advantage will come from the ability to manage business
performance effectively and efficiently, being able to plan and control costs
and cash flow, understand profitability and quickly adhere to financial
reporting standards as well as new regulatory reporting requirements of a
global economy. Covering all this aspects with an integrated approach and
out-of-the-box, built-in financial intelligence, Tagetik should be soon one
of the first choices for financial executives and their teams when searching
for a financial management software."

"Twice Software is a leading consulting company specializing in corporate
performance management, business intelligence, data warehousing, data
integration and master data management," explains Roberto Marques, Managing
Director at Twice Software. "The company provides end-to-end services from
data architecture, implementation, project management, long term support, and
training. Twice's competitive advantage is derived from our extensive team of
experts with the highest level of knowledge and competence who provide our
customers the most innovative, reliable, and consistent results on every
project," he continues. "We are very excited and committed in sharing
Tagetik's vision and simplifying complex business processes for future
Brasilian customers. We firmly believe that Tagetik 3.0 is a powerful and
robust software solution that delivers full scalability and extensive
functionalities in all Performance Management and Financial Governance
areas."

"We continue to expand internationally through our distributor network as
well as investing heavily in marketing and partnering," explains Manuel
Vellutini, EVP Chief Operating Officer at Tagetik. "The opening of Tagetik
Brazil and the partnership with a system integrator like Twice Software are a
huge opportunity to capitalize in order to support our global expansion and
start gaining attention in international markets such as Latin America, other
than Western Europe and the U.S."

Follow Tagetik on Twitter at @tagetik (twitter.com/tagetik#) and
join the Tagetik Experience (
www.linkedin.com/groups?mostPopular=&gid=2525866) group on Linkedin

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 extend Performance Management and Business
Intelligence to 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 Certified Partner.

To learn more: www.tagetik.com

    Corporate Press Contacts:
    Elisabetta Pierallini
    Luca Pieretti
    +39-0583-96811
    press@tagetik.com

    Brazil Press Contact:
    Antonio Rihl
    General Manager
    +55-11-3583-1655
    antonio.rihl@int.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

Corporate Press Contacts: Elisabetta Pierallini, Luca Pieretti, +39-0583-96811, press at tagetik.com; Brazil Press Contact: Antonio Rihl, General Manager, +55-11-3583-1655, antonio.rihl at int.tagetik.com; UK Press Contact: Shak Akhtar, Managing Director, +44(0)8708510540, shakakhtar at tagetik.com; US Press Contact: Alessandra Gamba, +1-203-391-7520, alessandragamba at tagetik.com