Delivering on the Promise of Transformational Analytics for Enterprises, Tidemark Unveils Revolutionary Playbooks as Part of Spring ’14 Release; Raises $32 Million In New Funding

• Advanced In-context Analysis. Users can now expand their analytic context beyond their current process, using natural language to gather more relevant information, model outcomes and inform their data-driven analysis.  
• Self-service Configuration. A new configuration preview mode allows process owners to preview what configuration changes will look like before they are made available in the application. This new approach eliminates the need for separate development, test and production environments and migrations between these environments.
• Business Method Framework. Using alibrary of configurable business methods, such as allocations, eliminations, currency translation and payroll tax calculations, business users and analysts can quickly and easily configure new calculations or modifying existing ones. 
• Business Initiatives Planning. A new flexible modeling capability allows users to freely plan without being tied to a rigid dimensional model. 

These new capabilities enhance Tidemark's industry leading applications spanning Financial Consolidation, Financial Planning, Operational Planning, Metrics Management, Labor & Expense Planning, and Profitability Management.

"The Spring '14 Release is a great illustration of the strength of the cloud-first model with a provider that specializes in a specific area," said Lars Crotwell, vice president and CIO, Laredo Petroleum. "This release has really potent and powerful innovations, like Business Initiative Planning, that will further our ability to forecast more accurately."

Ernest Health's Duncan continued, "We also see tremendous value in Business Initiative Planning to streamline and support our expense and workforce planning processes."

Extending Tidemark's Cloud-to-Cloud Program
Tidemark announced it has added New Relicto its growing list of partnerships as part of the company's Cloud-to-Cloud integration program. Adding New Relic's application performance management data to the Tidemark platform provides richer context to the real-time planning process and makes application data simpler to correlate, understand and act upon by business users for operational and business analytics. Business users can now easily inject application performance-related data, such as query response times, into the planning process to gain a more context-driven overview of performance and what to do about it in real-time.

"We're delighted to bring the best of New Relic to Tidemark customers through this integration," said Bill Lapcevic, vice president of business development, New Relic. "Tidemark's powerful cloud-based planning and analytics application is architected to leverage our ability to make sense of billions of metrics. Now Tidemark customers have access to even more data in the context of their analytical processes, and in doing so they can protect their essential culture of data-driven decisions."

Tidemark's Growing Momentum
Today's news follows recent announcements from Tidemark on the company's European expansion and 300 percent revenue growth in fiscal year 2014.  To continue to fuel the momentum, Tidemark secured another round of funding from Silicon Valley Bank and existing investors Greylock Partners, Andreessen Horowitz, Redpoint Ventures, Tenaya Capital, totaling $32 million. This latest investment brings Tidemark's total funding to $80 million. These funds will accelerate Tidemark's global sales and marketing efforts to enable CEOs and CFOs to uncover additional avenues for growth and profit within their organizations.

About Tidemark
Tidemark is a new breed of enterprise performance management (EPM), bringing modern, cloud-first financial and operational business planning and analytics to the enterprise through unique, intuitive apps, enabling organizations to significantly improve decision-making, reduce risk and improve business performance. Tidemark arms every decision maker with access to valuable data, deep analytics capabilities, real-time collaboration, and actionable visualizations on any device, enabling a culture of performance. Leading companies transforming their businesses with Tidemark include Netflix, Chiquita, Hostess Brands, Chuck E. Cheese's, HubSpot, ServiceSource and Brown University. Tidemark is funded by Greylock Partners, Andreessen Horowitz, Redpoint Ventures, Tenaya Capital, Silicon Valley Bank and Dave Duffield. To learn more about Tidemark, visit www.tidemark.com or follow us on twitter @TidemarkEPM.

Additional Resources
Tidemark Video: What We Do – http://www.tidemark.com/resources/videos/tidemark-what-we-do 
Spring '14 Highlights:  http://www.tidemark.com/our-latest-innovations 
Tidemark Storylines – http://www.tidemark.com/financial-performance-storylines
Our blog – http://tidemark.com/blog/

SOURCE Tidemark