PROPHIX Software debuts in Gartner’s 2010 Magic Quadrant for CPM Suites

Evaluation based on Completeness of Vision and Ability to Execute

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Magic Quadrant for Corporate Performance Management Suites

Toronto, Canada (Vocus) February 23, 2010

PROPHIX Software, a leader in Corporate Performance Management (CPM) for mid-market companies today announced that Gartner, Inc. had positioned the firm in the 'Niche' section of the Magic Quadrant™.(1)

The evaluation was based on a competitive assessment of both current vendor powerhouses and emerging players in the market. In the report, PROPHIX was acknowledged in several categories including its breadth of functionality and scalability within the mid-market, as well as for high levels of overall customer satisfaction with existing clients.

"Companies that want high functionality with a low total cost of ownership choose PROPHIX to automate their financial processes,” says Bally Boodram, VP Marketing at PROPHIX. "We consider our debut on Gartner’s Magic Quadrant as confirmation of the power and increasing relevance of PROPHIX solutions."

As the market for corporate performance management suites (CPM) continues to expand through increases in both demand and awareness, PROPHIX is well poised as one of a series of specialist vendors to capture significant market share.

About PROPHIX
PROPHIX Software is a leading developer of solutions designed to automate financial processes including planning, reporting, analysis, and performance management for the midmarket. Thousands of finance leaders around the world use PROPHIX to empower their organization and gain greater insight into business performance. PROPHIX and its partners deliver the best value by combining high end functionality, low total cost of ownership, and the fastest implementations in its class. For more information, visit http://www.prophix.com.

About the Magic Quadrant
The Magic Quadrant is copyrighted January 25, 2010 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.

(1) Gartner, Inc. "Magic Quadrant for Corporate Performance Management Suites" by Neil Chandler, Nigel Rayner and John E. Van Decker - January 25, 2010 (ID No.G00172934)

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