LUCCA, Italy and LONDON, March 17 /PRNewswire/ -- Tagetik, a global provider of Corporate Performance Management and Financial Governance software solutions, today announced its integration with Microsoft's SharePoint Server 2007 and Microsoft's Business Intelligence Platform. The announcement follows a comprehensive review of Microsoft's Business Intelligence roadmap, aiming to provide companies with well-known application tools such as SharePoint technologies, SQL Server and Office 2007 to support their decision making.

http://www.microsoft.com/presspass/features/2009/jan09/01-27KurtDelbeneQA.mspx

"The integration with Tagetik allows us to enrich our offer with specific Performance Management and Financial Governance content," explains Enrico Bonatti, Director of Information Worker Microsoft Italia."Customers who want a solution with a low TCO will profit from this decision because they can easily leverage specialized platforms while using SharePoint Server 2007 for easy portal access."

"I believe that the CPM market is comprised of processes and applications - not just technology," adds Manuel Vellutini, Chief Operating Officer at Tagetik. "CPM solutions, therefore, must have built-in features to support the underlying processes such creating budgets, consolidating financial data and managing business performance. Tagetik specializes in Performance Management and Financial Governance solutions which offer this type of functionality and can easily integrate with existing IT investments. Following Microsoft's announcement, we have decided to remain a multi-platform product and better utilize Microsoft technology - which is now SharePoint - to access and report information".

Thanks to Tagetik's flexible multi-platform and Microsoft's sophisticated technology, the seamless integration between the two solutions preserves valuable data and IT resources. In particular, Tagetik offers optimal integration between the CPM information present within the actual database and Microsoft technologies for Business Intelligence, such as SQL Server Analysis Services, SharePoint Server and Excel. SQL Server Analysis Services allows users to create Online Analytical Processing (OLAP) cubes directly on their Tagetik CPM data. In addition, they can quickly access the information in Tagetik CPM via Microsoft SharePoint, which is easy to navigate and offers sophisticated graphic features.

In a market that has experienced a long period of mergers and consolidations, the benefits are huge for both Microsoft and Tagetik customers. Thanks to this close partnership, Microsoft and Tagetik are able to support a wide range of markets and deliver a complete solution for Business Intelligence, Performance Management and Financial Governance - most importantly, with a low cost of ownership and without major investments. Companies, therefore, can count on Tagetik CPM as a solution that supports all key financial processes & financial communication and fully utilizes the power of Microsoft Business Intelligence.

This global initiative will be first deployed in countries directly supported by Tagetik offices as well as through its international network of distributors.

About Tagetik

Tagetik is a global provider of latest generation Corporate Performance Management (CPM) and Financial Governance (FG) software solutions that help CFOs and CIOs simplify complex business practices. The firm's key innovation is a fully-unified financial closed-loop, double entry solution incorporating all core CPM processes in a single product. These include budgeting, planning, forecasting, and financial consolidation. Its "out-of-the-box" core CPM processes, web-based, cross-platform technology, powerful scalability, and shortened implementation time have reduced total cost of ownership for customers worldwide in all major industries including Financial Services, Manufacturing, Insurances, Retail, Healthcare and Automotive. Tagetik CPM supports financial governance requirements such as 10K and 10Q reporting while helping companies automate their financial processes to achieve transparency and meet compliance needs. Internationally headquartered in Lucca, Italy, Tagetik North America has full Sales, Service and Marketing operations in Stamford, Conn.

Debora Orrico di Russo, +39-348-5635975, Deboraorrico@int.tagetik.com

For further information visit: http://www.tagetik.com