Tagetik Receives $36M Capital Investment

tagetikTagetik, a Lucca, Italy- and Stamford, CT-based global provider of enterprise software solutions for performance and disclosure management, financial governance and business intelligence, completed a capital increase of $36m.

White Bridge Investments S.p.A. acquired a minority stake in the company.

Tagetik intends to use the funds to accelerate growth in strategic international markets, enhance the organizational and commercial structure, promote product innovation in key areas including cloud, in-memory, mobility and develop industry vertical and process-specific pre-packaged solutions.

Co-founded by new Chairman of the Board Pierluigi Pierallini and led by Co-CEOs Manuel Vellutini and Marco Pierallini, Tagetik is a global software company operating in the Performance Management industry, with operations in more than 30 countries and over 600 customers worldwide.
With deployment options in the cloud and on-premises, Tagetik provides functionality for budgeting, planning, forecasting, consolidation, close, reporting, profitability analysis, disclosure management, financial governance, and business intelligence – all from a single, unified platform.
For the year ending December 31, 2013 the company reported record revenues (25% growth).

FinSMEs

18/07/2014

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