Mersen Replaces its Performance Management Software With Tagetik

PARIS and LUCCA, Italy, March 8, 2012 /PRNewswire/ --

State-of-the-art CPM solution to empower financial consolidation and reporting tightly integrated with Microsoft technology

Tagetik, a global provider of enterprise software solutions for Performance Management, Governance, Risk & Compliance and Business Intelligence, today announced that Mersen (http://www.mersen.com), a global, expert player in high-performance materials and in the reliability and safety of electrical installations, has selected the Tagetik's software to streamline its statutory consolidation and management reporting. The software will run on a Microsoft SQL Server Enterprise Edition database.

"With more than 60 production facilities in around 40 countries on five continents, Mersen is a very interesting business and we are delighted to be working with Mersen's team," says Bruno Leblanc, General Manager of Tagetik France (http://www.tagetik.com/company/management/bruno-leblanc). "We won Mersen's confidence, over several vendors on the market, because of our fully unified approach to performance management processes and superior level of financial functionality in a single solution built on Microsoft technology. Executives at Mersen will be able to visualize data directly without a huge BI implementation by their IT department, and end-users will benefit as well from embedded financial intelligence, greater flexibility and less dependence on IT. The company will have in the future the ability to easily extend the Tagetik platform to manage other financial processes such as budgeting, planning and forecasting, all within the same web-based application."

"Our unwavering commitment to customer satisfaction and success has significantly contributed to the acquisition of new global customers, like Mersen, who recognize the quality of our software and the constant attention, dedication, and passion of Tagetik's people," adds Manuel Vellutini, Chief Operating Officer at Tagetik (http://www.tagetik.com/company/management/manuel-vellutini). "Our mission is to help companies manage the breadth of finance processes throughout the entire organization with built-in financial intelligence that can be applied without having to rely on IT experts. This singular focus on finance processes and our strong relationship with Microsoft is how we successfully empower global organizations."

About Mersen

Global expert in materials and solutions for extreme environments as well as in the safety and reliability of electrical equipment, Mersen designs innovative solutions to address its clients' specific needs to enable them to optimize their manufacturing process in sectors such as energy, transportation, electronics, chemical, pharmaceutical and process industries.

The Group is listed on NYSE Euronext Paris - Compartment B

To learn more:http://www.mersen.com

About Tagetik

Tagetik is 100% dedicated to simplifying and streamlining business processes for the Office of Finance to accelerate informed decisions that achieve strategic goals. Our award-winning Tagetik 4.0 Performance Management software is the ideal solution for global companies that seek a clearly superior level of financial expertise in a single unified solution for planning, forecasting, consolidation, close, reporting, profitability management, disclosure, governance, risk, compliance, and analysis.

Tagetik is a rapidly growing global company with operations in more than 20 countries and 500 customers yet provides an exceptional experience by focusing solely on the needs of finance and doing it better than anyone else. To learn more:  http://www.tagetik.com

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Tagetik Corporate Press Contacts:
Elisabetta Pierallini
Luca Pieretti
+39-0583-96811
lucapieretti@tagetik.com

Tagetik UK Press Contact:
Paul Burtenshaw
+44(0)203-1784526
paulburtenshaw@tagetik.com

Tagetik US Press Contact:
Alessandra Gamba
+1-203 391-7520
alessandragamba@tagetik.com