Tagetik CPM Speaks Spanish With Grupo Aries

Lucca, Italy (20 May 2007) –Tagetik, an international provider of the new generation of Corporate Performance Management (CPM) solutions, today announced its first Spanish customer, Grupo Aries, confirming its commitment of expansion efforts into international markets. Grupo Aries, a leading company specialized in the manufacturing of aeronautic parts, will be implementing Tagetik CPM to manage in a single solution all its Corporate Performance Management processes.

“The Spanish market has responded enthusiastically to our value proposition, and we are pleased to announce our first customer: Grupo Aries, a growing aeronautic company that primarily operates in the aerospace industry and has a strong reputation in carbon fibber manufacturing for the aerospace industry in Europe.” said Mikel Arriaga, General Manager of Tagetik Spain.

“We chose Tagetik CPM to manage in a single system a complete, unified Corporate Performance Management project because Tagetik CPM Financial Planning & Forecasting capabilities are unique, and that there is no need for custom development, what makes our Finance Analyst independent of IT” said Damián Rodríguez, CFO of Grupo Aries. “Thanks to Tagetik, we have embraced a new governance philosophy at our company, an approach capable of managing the complexities typical of our industry sector and the unique challenges facing a growing company like ours.”

“The recent opening of our Spanish offices is an important step for our international growth,” concluded Bani Brandolini, International President of Tagetik. “We are confident that our team of professionals will continue to succeed in providing the local market with our cutting-edge solution.”


Tagetik is an international provider of the new generation of Corporate Performance Management (CPM) solutions. Tagetik CPM is an innovative single CPM solution that leverages cross platform technology and delivers unified and faster process cycles, powerful scalability, short implementation time and lower TCO. With over 10 years of experience, Tagetik has embedded the knowledge and best practices of its customers into Tagetik CPM.

Tagetik CPM is the first software solution with built-in, flexible and unified financial, operational CPM and application processes such as budgeting, financial planning, consolidation, financial and operational reporting and analysis. Tagetik has over 250 customers including Unicredit, Telecom Italia, Bank Pekao, Manuli Rubber Industries, SSL Healthcare, Mediaset, De Agostini, Fininvest, Mediobanca, BNL, Eni Snamprogetti, IFI-Ifil, Marzotto, Valentino, Banca Popolare di Milano, Impregilo, Astaldi, ERG, Acea, Brembo, Milan, Techint, Illy, Il Sole 24 Ore, Yamaha, Barilla.



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