Timex Group Selects Tagetik's Performance Management Software

Lucca, Italy and Middlebury, CT - 7 May 2013

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, 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.

"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. "Everyone at Tagetik is 100% dedicated to supporting Timex in addressing all of their current and future performance management needs."

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