Cartesis Positioned in the Visionaries Quadrant for 2005 CPM Suites Magic Quadrant; Evaluation Based on Completeness of Vision and Ability to Execute

Business Wire, Nov 9, 2005

PARIS -- Cartesis, the largest business performance management (BPM) software specialist in the world, today announced it has been positioned by Gartner, Inc. in the visionaries quadrant in the '2005 CPM Suites Magic Quadrant(1)' report.

According to Gartner, "visionaries" are vendors who have a clear vision of market direction and are focused on preparing for that, but they can still improve in terms of optimizing service delivery.

"We consider our positioning in the visionaries quadrant by Gartner further confirmation of Cartesis' ability to equip its customers with the control and insight they need to assess and react in today's rapidly changing marketplace," said Didier Benchimol, CEO of Cartesis. "Cartesis has successfully embarked on an aggressive product delivery timetable to deliver a comprehensive suite tailored specifically to meet the needs of today's global 2000."

"Our recent delivery of ES Planning and ES Information Delivery were important milestones in the company's successful delivery of our new generation BPM platform, an integrated suite unifying all management-centric applications around the same business rules: planning, financial consolidation, reporting and analysis," Benchimol continued.

In the report, Gartner suggest that the adoption of corporate performance management is steadily increasing, with more companies taking a strategic approach to implementing it. CPM continues to be high on many management agendas, driven by the twin pressures of continuing compliance demands and the need to better understand and control what drives performance in the enterprise. Their initial market sizing, based on end-of-year numbers for 2003, indicated that CPM was a $520 million market and is forecast to grow to more than $900 million by 2009.

This announcement quickly follows Cartesis' recent statement that it achieved year-over-year growth in software revenue of 91 percent building upon the previous fiscal year where the company grew software revenues by 43% to achieve annual revenue of $109.5m.

About Cartesis

Cartesis is the largest BPM software specialist in the world providing trusted solutions for driving your company's financial and business performance. Cartesis equips its customers with the control and insight they need to assess and react in today's rapidly changing marketplace. With the recent acquisition of INEA and AIS Corporations, Cartesis offers best-of-breed planning and information delivery applications uniquely integrated with the number one best-in-class financial reporting and compliance solution for a unified approach to business performance management.

Cartesis is the fastest growing software company in the BPM space. One in four Fortune Global 100 companies rely on Cartesis' powerful technology to unify complex information, people and processes in a single data model that can be applied easily and consistently across multiple geographies and business segments. Headquartered in Paris, Cartesis has offices in Brussels, Frankfurt, London, Norwalk (CT), Tokyo, Toronto and Utrecht. The company has more than 1300 corporate customers and partners in 44 countries around the globe. For more information, please visit www.cartesis.com.

About the Magic Quadrant

The Magic Quadrant is copyrighted November 2005 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.

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

(1) Gartner Research "Magic Quadrants for CPM Suites" by F. Buytendijk, N. Rayner, and L. Geishecker. November 04, 2005