Metro AG to Run Tagetik's Performance Management Software

Unterschleißheim and Düsseldorf; Germany and Lucca; Italy - 8 May 2012

Third largest retailer in the world selects Tagetik to streamline global consolidation and reporting

Tagetik, a global provider of enterprise software solutions for Performance Management, Disclosure Management, Financial Governance and Business Intelligence, today announced that Metro AG has selected Tagetik 4.0 as their new corporate solution for financial, statutory and management consolidation. The software, which is distributed by pmOne GmbH in the DACH region, replaces the trade group's previous solution SAP EC-CS. Several hundred users worldwide will benefit from Tagetik 4.0 functionality.

"The fact that as Metro AG, which is listed in the DAX 30, has chosen our solution for Performance Management emphasizes that Tagetik supports customers from small-medium businesses up to large, global corporations with a very attractive, innovative and flexible software solution for the Office of Finance and IT," says Stefan Sexl - Member of the Management Board, Responsible for Marketing & Products of pmOne AG. "Its outstanding and highly built-in, advanced features for complex consolidation processes, as well as the strong commitment by the joint pmOne and Tagetik team, proved to be the decisive criterion for Metro AG."

"We are delighted to add another large company like Metro (#65 in the Global 500) to our impressive list of references around the world," adds Manuel Vellutini - Executive Vice President, Chief Operating Officer at Tagetik. "Passion for performance is what drives us to develop and deliver the best, unified, performance management software available. Deep domain expertise, built-in financial intelligence and innovative capabilities mixed with a 'human touch' are the foundation of our product superiority and strong customer relationships."

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