Timex Group Selects Tagetik's Performance Management Software

MIDDLEBURY, Connecticut and LUCCA, Italy, May 7, 2013 /PRNewswire/ --

Nation's leading watch manufacturer to implement unified solution for financial consolidations, budgeting, planning, and forecasting

Tagetik, a global provider of enterprise software solutions for Performance Management, Disclosure Management, Financial Governance and Business Intelligence, today announced that Timex Group USA, Inc., a leading watch manufacturer (http://www.timex.com), selected Tagetik's Performance Management software as its solution for consolidation, budgeting, planning, and forecasting.

Tagetik's unified software solution will replace Timex's existing solution, while leveraging Tagetik's partnership with Microsoft and their built-in integration with Microsoft SQL Server database.

"During our detailed selection process, we recognized the strengths of Tagetik's product and their focus on our success. We are excited to begin tackling consolidations with Tagetik and I am confident that their software will contribute to the Timex finance department's ability to support our global growth and innovation goals," says Gary Piscatelli, Chief Financial Officer at Timex. "It is clear that Tagetik's unified software has the capability to meet our consolidation and planning needs in a single product. This will simplify implementation, improve functional adoption and ultimately result in improved decision making."

"From the initial meeting the partnership between Tagetik and Timex seemed like a strong match. We have helped many companies migrate from Oracle-Hyperion Enterprise to Tagetik with great success, and I know we will have the same positive impact at Timex," explains Mark Corsetti, VP and General Manager at Tagetik North America (http://www.tagetik.com/about/management/mark-corsetti).

"We are extremely honored to add such a recognized and respected brand like Timex to the Tagetik family," concludes Manuel Vellutini - EVP, Chief Operating Officer at Tagetik (http://www.tagetik.com/about/company/management/manuel-vellutini). "Everyone at Tagetik is 100% dedicated to supporting Timex in addressing all of their current and future performance management needs."

About the Timex Group

Timex Group designs, manufactures and markets innovative timepieces and jewelry globally. Founded in 1854, Timex is part of Timex Group, a privately-held company with numerous brands and over 5,000 employees worldwide. It is one of the largest watch makers in the world with companies and exclusive licenses worldwide.

To learn more:  http://www.timexgroup.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 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, financial governance, and analysis. Tagetik is a rapidly growing global company with operations in more than 20 countries and 550 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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Contact details:

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

Tagetik UK Press Contact:
Shak Akhtar
+44-(0)-8708510540
shakakhtar@tagetik.com

Tagetik US Press Contact:
Caitlyn Hessell
+1-203-391-7520
caitlynhessell@tagetik.com