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Analyst Firm Cites SRC Software in the Visionary Quadrant in the Corporate Performance Management Sector.


Business Editors/High-Tech Writers

PORTLAND, Ore.--(BUSINESS WIRE)--Oct. 21, 2003

SRC (SouRCe) Contrast with DST, which is an abbreviation of "destination."  Software's New Suite of Corporate Performance Management Products

Announced in 2003 Expand Enterprise Offerings and

Exemplify Continued Company Growth

SRC Software, the leader in providing flexibility and sophistication so·phis·ti·cate  
v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates

v.tr.
1. To cause to become less natural, especially to make less naive and more worldly.

2.
 for enterprise financial planning Financial planning

Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against
 and performance management, today announced that it has been selected in the visionary quadrant in Gartner's Corporate Performance Management (CPM) Suites Magic Quadrant The Gartner Magic Quadrant is a proprietary research tool developed by Gartner Inc., a US based research and advisory firm. It is designed to provide an unbiased qualitative analysis of a “markets’ direction, maturity, and participants. .

The Magic Quadrant was developed by Gartner as an analysis tool to assess the strengths and weaknesses for relevant vendors and solutions. To qualify for the CPM Magic Quadrant vendors have to meet specific criteria metrics to compete for a favorable spot within it. Gartner uses corporate performance management (CPM) as an umbrella term A term used to cover a broad category of functions rather than one specific item. In many cases, a term is so catchy that it tends to be used for technologies that are a stretch from the original concept. See middleware and virtualization.  to describe the methodologies, metrics, processes and systems used to monitor and manage an enterprise's business performance.

Building on nearly 20 years of experience in the planning, budgeting and reporting market, SRC Software launched their complete CPM suite in the spring of 2003 (http://www.srcsoftware.com/performancemanagementnews/pr_cpm.aspx) to establish themselves as a major player in the CPM market. With a product line that encompasses 10 unique and fully integrated products, the SRC CPM Suite allows mid-size and large enterprises to drive overall strategy down to the operational level and feel completely confident with the data that is generated.

"SRC Software is in a unique position of having a CPM suite of products that were developed based upon 20 years of industry expertise and best practices," said Tom Malone Tom Malone may refer to:
  • Tom Malone (musician), a jazz musician.
  • Tom Malone (American football), an American football player.
, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of SRC Software. "The CPM market is seeing tremendous growth and a significant amount of consolidation and we are benefiting from these trends. SRC customers benefit from the highest level of sophistication with an easy-to-use user interface. We believe being listed in the visionary quadrant demonstrates the strength of our product offering, high satisfaction of our customers and our commitment to planning for the future."

Gartner used a wide range of analytical metrics to select vendors for the CPM Magic Quadrant. The metrics used encompass vendor viability, functionality, technology and service and support. Additionally, the analyst firm advises corporations to evaluate more than just the large players because best-of-breed solutions will typically bring more innovation. (Source: "Research Note: Magic Quadrant for CPM Suites: No Leaders in 2003," By L. Geishecker, F. Buytendijk, B. Wood, October 9, 2003)

Magic Quadrant Disclaimer

The CPM Magic Quadrant is copyrighted in 2002 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 mer·chant·a·ble  
adj.
Suitable for buying and selling; marketable.



merchant·a·bil
 or fitness for a particular purpose.

About SRC Software

SRC Software (www.srcsoftware.com) is the leader in providing flexibility and sophistication for enterprise financial planning and performance management. With nearly 2,000 installations in mid- to high-end enterprises, SRC's highly personalized performance management solutions are used by companies such as Washington Mutual “WaMu” redirects here. For the Washington, DC radio station, see WAMU.

Washington Mutual (or WaMu; NYSE: WM) is the United States' largest savings and loan association.
 Finance, Harrah's Las Vegas Harrah's Las Vegas is a hotel and casino located on the famed Las Vegas Strip in Las Vegas, Nevada. The property is owned and operated by Harrah's Entertainment.

The hotel offers 2,677 rooms with an attached casino providing 87,000 square feet (8,051 m²) of space.
 casino hotel, Comerica, Caterpillar Logistics Services Inc., and C-SPAN. SRC offers a full complement of financial planning, budgeting and analysis tools through its unique integration of spreadsheets and industry-leading databases complete with full-scale web deployment. The company is privately held and based in Portland, Ore.; has regional offices in Atlanta, Boston, Chicago, Houston and New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
; and distribution channels in more than 16 countries. For more information, contact SRC Software at 1-800-544-3477 or by e-mail at info@srcsoftware.com.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Oct 21, 2003
Words:649
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