Tagetik Placed in Leader's Quadrant for CPM Suites

19th Jan 09

Tagetik announced today that its Corporate Performance Management solution, Tagetik CPM has been positioned in the Leader's quadrant of industry analyst, Gartner's "Magic Quadrant for CPM Suites". This annual report evaluates software vendors on their completeness of vision and ability to execute.

Gartner defines Corporate Performance Management (CPM) as including “the processes used to manage corporate performance, such as strategy formulation, budgeting and forecasting; the methodologies that support these processes, including the balanced scorecard, or value-based management; and the metrics used to measure performance against strategic and operational performance goals. However, CPM also comprises a series of analytic applications, such as BP&F, financial consolidation, and financial-reporting solutions, which provide the functionality to support these processes, methodologies and metrics. Such solutions are targeted at the CFO, finance team, senior executives and corporate-level decision makers.”

“We believe Tagetik’s positioning in the Magic Quadrant confirms the consistent execution of our vision during 2008,” explains Manuel Vellutini, COO of Tagetik. “We have been expanding internationally across Europe and North America where now we have a strong team as well as a growing number of references. Our continuous investments in product development, local customer support and partner networks are paying off with solid market traction.”

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