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Gartner names Twinfield as important SaaS vendor

07-01-2008 02:06 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Twinfield International

/ PR Agency: Watch PR
Twinfield listed as sole European SaaS emerging talent in core financial management applications

London, 30th June 2008 - Twinfield, a leading provider of online accounting services in Europe, today announced that Gartner has identified Twinfield as one of the emerging vendors that delivers core financial management applications as SaaS (Software as a Service). Gartner predicts Twinfield will hold a significant, world-wide position within the next five years. Gartner is a US-based market research firm specialised in research and consultancy within the Tech industry. In its research paper titled ‘MarketScope for Core Financial Management Applications 2008’, Gartner names Twinfield as the sole European SaaS vendor that will gain market share due to a growing customer base and a mature product.

According to the Gartner report, the market for financial management applications is almost saturated, however new companies are emerging that deliver these solutions as SaaS. André Kwakernaat, CEO and co-founder of Twinfield said: “This report outlines how traditional software vendors now target SaaS as a business model. This proves that we clearly have a solid strategy for the future. The fact that Gartner identifies Twinfield as an important party in the financial management application arena, shows the appreciation of our product and procedures in the global market space.”

Twinfield is available in English, Dutch, French, German and Hungarian. SMBs (small & medium-sized businesses) based in Europe and the U.S. can consider using Twinfield, according to the Gartner report. The global popularity of online accounting is shown by the numbers: in 2007 alone, Twinfield processed 36 million transactions for businesses worldwide.

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About Twinfield International
Twinfield is an international web service for online accounting. With over 60,000 administrations in 22 countries, Twinfield is the first and largest web service for online accounting in Europe. Users gain access to their online accounting from any place, at any time through secure internet connection. Twinfield online accounting is available for a monthly subscription fee. For additional information, please visit: www.twinfield.com

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