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Software company buys its Dutch distributor

Tagetik, a specialist in performance management software solutions, has bought iNovasion, the company's former distributor in the Netherlands. Under the name Tagetik Benelux BV, the new entity will support expansion efforts and continued growth in the region.

iNovasion has been a Tagetik distributor for more than five years, delivering one of the strongest track records of any of its distributors with a compound annual growth rate of 40% over the last four years. The company has worked with multiple customers, including Rabobank, Randstad, Grontmij, PLUS Group, Aegon, Generali Verzekeringsgroep, Ziggo and GLS.

"Acquiring iNovasion makes sound, strategic sense for Tagetik," said Marco Pierallini, co-CEO, Tagetik. "The company was founded by experts in corporate performance management, who have been leveraging their deep industry knowledge and market expertise to drive expansion in the Benelux region. With their support, we will continue to be recognized for our expertise in providing the best solutions for the Office of the CFO."