A successful Corporate Performance Management global User Conference for Tagetik

Lucca, Italy (May 28, 2007) – Tagetik, an international provider of the new generation of Corporate Performance Management (CPM) solutions, is pleased to announce the success of its first Global User Conference hosted in Tuscany.

The event gathered international customers from all industry sectors, partners and industry experts and analysts in the beautiful historical city of Lucca, with the participation of Accenture as the main sponsor.
“Our partnership with Tagetik is focused on several industry sectors, as we believe Tagetik to be an emerging player in the Enterprise Performance Management market”, said Mauro Marchiaro, Senior Executive of Accenture in Finance & Performance Management for Italy, Greece, Central and Eastern Europe and Middle Est. “The program of globalization started by Tagetik - the only independent Italian company in the market – will definitely help the company emerge as a key player in a market that is going through a consolidation process.”

The User Conference offered a rich agenda, and launched a new initiative: the Tagetik Customer Advisory Board, a direct link to meeting the needs of the customers. The Customer Advisory Board provides a forum for effective communication and information sharing between Tagetik and its customers. The Board Members, which include representatives from each industry sector, will meet twice a year with the Tagetik’s Executive team to influence the direction of the product development and to ensure that it continues to meet all customers’ needs and expectations. During the Conference the Board Members organized a debate on the new trends of the CPM market, the new regulations and the evolving roles of the CFO and the CIO.

“We have always maintained a close relationship with our customers, and will continue to do so with ongoing professionalism, skill and experience,” said Manuel Vellutini, Chief Operating Officer of Tagetik. “Our strategy and our solution are a direct result of our experience in the CPM market and ongoing collaboration with CFO’s and CIO’s. The Customer Advisory Board is a step toward meeting our customers needs and providing them with a product that is continuously innovative”.

Tagetik CPM unifies all Corporate Performance Management applications and processes into a single product to meet the needs of companies regardless of their size or business. Tagetik has demonstrated that this approach to CPM allows companies to save up to 50% in TCO (Total Cost of Ownership).
“One year ago we approached the international market with a new brand and a new strategy. The success of the User Conference marks an important moment for Tagetik, as it confirms our results and our commitment to the market and to our customers”, adds Pierluigi Pierallini, President and CEO of Tagetik. “We had a 45% revenue growth, we consolidated our leadership in the financial sector - 7 out of the top 10 banks have implemented our solution - and 33% of our 250 customers are quoted at the Italian stock exchange”.

About Tagetik

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, Banca Popolare di Milano, Impregilo, Astaldi, ERG, Acea, Brembo, Milan, Techint, Illy, Il Sole 24 Ore, Yamaha Motor Italia, Barilla.

Press contacts
Debora Orrico di Russo
Elisabetta Pierallini
+39 0583 96811
www.tagetik.com
press@tagetik.com