Tosoh America Consolidates With Tagetik 3.0

Built-in Capabilities Make Closing Data Available 2 Weeks After Month end

STAMFORD, Connecticut, March 23, 2010 - Tagetik today announced that Tosoh America, Inc. has selected
and implemented Tagetik 3.0 to manage its consolidation and reporting
processes. Tosoh investigated a number of software solutions before selecting
Tagetik 3.0. The application's built-in capabilities and open architecture
were among the reasons they selected it over other competitive applications.

Located in Grove City, OH, Tosoh America, Inc. is the parent company to a
number of Tosoh group companies within North America. Tosoh America
integrates the corporate activities of its subsidiaries and provides
corporate services including, finance, human resources and information
technology support. Tosoh America is housed in the 275,000 square foot
manufacturing and distribution facility of Tosoh SMD, Inc., a manufacturer of
sputtering targets for semiconductor and electronics companies. Also, located
in the Grove City facility are the warehouse and distribution operations for
the Tosoh Bioscience companies. "Among our primary goals was to move from a
quarterly close process to a monthly close process-eliminating 150 hours of
manual work from our closing cycle. We also wanted to improve data quality
and data availability-making it quicker to access," explained Dan Rowell,
Corporate Controller at Tosoh America. "We were impressed with the product's
out-of-the box financial consolidation functionality and built-in
capabilities as well as their strong focus on our business requirements."

"Being defined as the most attentive vendor Tosoh America
evaluated reinforces our ongoing commitment to customer satisfaction," states
Mark Corsetti, Tagetik Vice President and General Manager for Tagetik North
America. "Tagetik 3.0 has been engineered to robustly cover all financial and
control processes but, at the same time, leverages our acquired understanding
of the varying needs of individual businesses. This innovative solution is
proven to handle complex consolidation environments, its user-friendly system
is one with which Tosoh's finance staff can quickly familiarize themselves
and its web-based with an Excel front-end is ideal."

"Using the experience gained from working closely with CFOs
and CIOs, we have developed the Tagetik 3.0's built-in processes which are a
step ahead in managing performance" added Manuel Vellutini, Chief Operating
Officer at Tagetik. "These pre-packaged features embedded in the software,
which avoid complicated programming code, have been designed to train users
quickly and effectively, maximize user independence and, thus, minimizing the
time to deployment. That is why global organizations, like Tosoh America,
need a specialized vendor able to focus on financial process excellence and
better understand companies needs in order to simplify the increasing
complexity of managing consolidated financial statements."

About Tosoh

Tosoh Corporation is a Japanese chemical company established in 1935 and
listed on the First Section of the Tokyo Stock Exchange. It is the parent of
the Tosoh Group, which comprises 140 companies worldwide and a multiethnic
workforce of over 11,000 people and generated net sales of Yen 733.5 billion
(US$7.5 billion at the year-end rate of Yen 98.23 to the US dollar) in fiscal
2009, ended March 31, 2009.

Tosoh is one of the largest chlor-alkali manufacturers in Asia. The
Company supplies the plastic resins and an array of the basic chemicals that
support modern life. Tosoh's petrochemical operations supply ethylene,
polymers, and polyethylene, while its electronic materials business serves
the global semiconductor and flat-panel display industries. Tosoh has also
pioneered sophisticated bioscience systems that are used for the rapid
diagnosis of life-threatening diseases, such as diabetes and certain cancers,
and to prevent epidemics by identifying pathogenic microbes. In addition,
Tosoh develops products and provides services to purify water and to monitor
the environment as part of a commitment to a sustainable future.

About Tagetik

Tagetik delivers a unified software solution to support Performance
Management and Financial Governance 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
(TCO).

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
    +39-0583-96811
    press@tagetik.com

    US Press Contact:
    Patricia Cuomo
    +1-203-391-7520
    patriciacuomo@tagetik.com

    UK Press Contact:
    Caroline Powell
    +44-020-8297-5388
    carolinep@jdmarketing.co.uk

Corporate Press Contact: Elisabetta Pierallini, +39-0583-96811, press at tagetik.com; US Press Contact: Patricia Cuomo, +1-203-391-7520, patriciacuomo at tagetik.com; UK Press Contact:
Caroline Powell, +44-020-8297-5388, carolinep at jdmarketing.co.uk