Tagetik announces record first quarter 2016 driven by Cloud growth

8th June 2016

Tagetik, a provider of performance management software solutions, has announced a record first quarter for 2016 including a triple-digit increase in cloud-based annual recurring revenue with more than 50% of new customers choosing Tagetik’s cloud-based solutions. Representative new customers include Nature’s Way, Tom Ford International, Damiani, Valeant Canada, National General Insurance Company, and Galileo Global Education.

 

 

 

The first quarter of 2016 also set revenue records for the Tagetik’s North American operations driven by investments in 2015, which included the expansion of its Stamford, CT, North American headquarters and a doubling of North American staff. Last month, for the first time in its history, the company held its annual global user conference in North America (New Orleans, April 24-26), which drew 200 attendees from 60 companies and 11 partner firms. North American revenues grew 75% from Q1 2015 to Q1 2016. 

“We’re very pleased with these results,” said Manuel Vellutini, co-CEO of Tagetik. “The groundwork laid last year is paying dividends in expanding our market presence while simultaneously building a sound, global ecosystem to support our growth. We are proud that we remain profitable and continue to maintain our market-leading customer satisfaction ratings.”

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