The $36 (€27) million capital investment will enable Tagetik to accelerated growth in strategic international markets, enhance the organizational and commercial structure to support future growth as well as promote product innovation in key areas including cloud, in-memory, mobility and the development of industry vertical and process-specific, pre-packaged solutions.
For the year ending December 31, 2013 Tagetik reported record revenues and 25% revenue growth, the 12th straight year of double-digit growth. The growth trend is continuing with 35% year-over-year revenue growth during the first six months of 2014.
The current leadership team Tagetik which has successfully grown the company into a major player in the CPM market will remain in place to drive future growth. In particular, Tagetik announces the appointment of founder Pierluigi Pierallini as Chairman of the Board and of Marco Pierallini and Manuel Vellutini as Co-CEOs.
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