SOURCE: Cartesis Inc.

December 06, 2006 11:57 ET

Cartesis Positioned in Visionaries Quadrant in Leading Analyst Firm's 2006 CPM Suites Magic Quadrant

Performance Management Software Vendor Evaluated Based on Completeness of Vision and Ability to Execute

NORWALK, CT -- (MARKET WIRE) -- December 6, 2006 -- Cartesis, the world's leading specialist in finance and performance management software, today announced that Gartner has positioned them in the visionaries quadrant in the '2006 CPM Suites Magic Quadrant.'(1)

"We believe Gartner's positioning of Cartesis in the visionaries quadrant reflects the impact of Cartesis 10 and our significant global growth in the past year," said Crispin Read, CMO of Cartesis. "We have continued to expand our dominance from financial consolidation and management reporting to deliver a powerful business performance management (BPM) solution with particular strengths in integrating internal and external financial data for publication, benchmarking and M&A planning."

This year Cartesis has also achieved year-over-year growth in software revenue of 28 percent, including a 61 percent leap internationally and 57 percent rise in North America, continuing its successful growth path upon the previous fiscal year where the company grew software revenues by 91 percent.

About the Magic Quadrant

The Magic Quadrant is copyrighted November 2006 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Cartesis

Cartesis is the world's leading specialist in finance and performance management software with more than 1,300 corporate customers, 600 employees and 200 consultants worldwide. Created in 1990, Cartesis provides insight, control and confidence by unifying information, people and processes at demanding multinationals like Air France KLM, Cargill, Danone, Diageo, Nissan, Société Générale and Standard Life. One in four of Fortune Global 100 companies rely on Cartesis' deep financial expertise and standard-based technology for compliance, financial consolidation, management reporting, planning, budgeting, forecasting, intercompany reconciliation; all unified in a single data-model that can be leveraged by internal and external users. Cartesis' partners include Microsoft, Accenture, Bearing Point, Ernst & Young, KPMG and PricewaterhouseCoopers. Cartesis has customers in 44 different countries and offices in Brussels, Frankfurt, London, Norwalk (CT), Paris, Tokyo, Toronto and Utrecht. For more information, go to www.cartesis.com.

All cited names and/or trademarks are the property of their respective owners.

(1) Magic Quadrant for CPM Suites, 2006; Gartner; 12/1/06; ID Number G001444487

Contact Information

  • For more information, please visit www.cartesis.com or call:
    Jonathan Stotts
    Cartesis Inc.
    Tel: (203) 956-2186
    Email: Email Contact

    For further press information please contact:
    Stephanie Fallon
    EmergePR
    Tel: (617) 729-3176
    Email: Email Contact