[February 21, 2013]

Prophix Software Positioned in the Magic Quadrant for Corporate Performance Management

Prophix Software Inc., a leading developer of corporate performance management (CPM) software, today announced that it has been positioned by Gartner (News - Alert) Inc. in the Magic Quadrant for Corporate Performance Management Suites report.

According to Gartner, "Corporate performance management supports cost optimization and growth initiatives. CPM is a suitable fit for nearly all organizations, and should be a priority initiative for CFOs to enable the finance functions necessary to deliver short- and long-term strategic benefits to the business."

"We believe our position on the quadrant is a reflection of our commitment to innovation, our customer-centric approach and the increasing need by companies for CPM solutions that support both cost-optimization and strategic growth," said Paul Barber, President and CEO of Prophix. We believe this is a great illustration of our continued growth and penetration into the mid and upper mid-market arena."

Prophix's Performance Management solution fully integrates budgeting, reporting, planning, financial consolidations, scenario management, scorecards, dashboards, and in-depth analysis capabilities, providing a forward looking view of company performance to stakeholders across the organization in a single extensible platform.

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 www.prophix.com.

About the Magic Quadrant

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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