Tidemark Positioned in the 'Visionaries' Quadrant of the 2015 Magic Quadrant for Corporate Performance Management Suites by Gartner
Youngest vendor in the study named a Visionary in only its first year of participation
REDWOOD CITY, Calif.– March 4, 2015 – Tidemark, maker of modern cloud-first business planning and enterprise analytics apps, today announced that it has been positioned by Gartner, Inc. in the Visionaries quadrant of the 2015 Magic Quadrant for Corporate Performance Management (CPM) Suites. Each year Gartner emphasizes the most impactful market factors when considering each vendor's scores. Having evaluated 17 different software vendors, Gartner analysts placed Tidemark in the Visionaries quadrant based on the company's ability to execute and on its completeness of vision.*
After only being released in August 2012 the Tidemark platform was recognized as a Visionary vendor in only its first year of participation. In our opinion, this is a very rare accomplishment and marks one of the shortest durations of time in the Magic Quadrant for CPM’s history between the general availability of a vendor’s platform and their appearance in the Visionaries quadrant.
“Much of Tidemark’s evolution and plans are based on the needs of our customers and the larger CPM market. In fact, over the past year we’ve responded to the nearly 200 percent customer increase by growing our workforce 40 percent, and opening new global offices in France, Netherlands and the United Kingdom,” said Christian Gheorghe, Founder and CEO of Tidemark. “Yet what pleases us the most is our agility in bringing industry-first innovative features that support the expanded use of our apps and the change of outdated processes inherent from decades of legacy technologies by market-leading brands.”
The report notes, “This Magic Quadrant stresses capabilities in three primary areas of market evolution. The first is the cloud. The CPM suite market is shifting towards cloud-based solutions that deliver a shorter time to value and improved ease of use. The ability to provide cloud based solutions and vendor experience with supporting these solutions factored heavily into this market study. The second primary area of market evolution reflects vendor ability to provide more comprehensive strategic financial planning support. The third primary area of market evolution is analytics.”**
Tidemark is a new breed of enterprise performance management (EPM) software with its modern cloud and mobile-first design. Innovative brands like Netflix (NASDAQ: NFLX), Chiquita (NYSE: CQB), BlackBerry (NASDAQ: BBRY), Brown University, and HubSpot (NYSE: HUBS) rely on the Tidemark platform and advanced analytics cloud to sharpen decision-making, reduce risk and improve business performance. Using Tidemark’s unique, intuitive apps, decision-makers across the organization gain access to valuable data, deep analytics capabilities, real-time collaboration, and actionable visualizations from any device. Tidemark has offices throughout North America and Europe and is funded by Greylock Partners, Andreessen Horowitz, Redpoint Ventures, Tenaya Capital, and Silicon Valley Bank. To learn more about Tidemark, please visit www.tidemark.com or follow us on Twitter @TidemarkEPM.
About the Magic Quadrant
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*Gartner 'Magic Quadrant for Corporate Performance Management [CPM] Suites' by Christopher Iervolino, John E. Van Decker. 02 April 2015.
**Gartner 'Magic Quadrant for Corporate Performance Management [CPM] Suites' by Christopher Iervolino, John E. Van Decker. 02 April 2015.