FRAMINGHAM, Mass., May 23, 2012 – New International Data Corporation (IDC) research shows that the worldwide financial performance, strategy management, and GRC (FPSM) applications market saw continued momentum in 2011 as pent-up demand for FPSM products led to increased budgets for addressing the management and optimization of key processes of the office of finance. SAP and Oracle co-lead this market, and both made strides in supporting the consolidation and close processes as well as in expanding risk-driven planning capabilities, which helped win new customers.

"The financial performance, strategy management, and GRC software market saw healthy growth in 2011, which bodes well for this highly competitive market in 2012," said Brian McDonough, research manager with IDC's Business Analytics Solutions service. "Additional strides in performance of the software will appeal to the market as it is increasingly run on new technologies such as in-memory databases. Mobile access to performance metrics and alerting can help the office of finance to better collaborate with lines of business in the future and will help drive sales."

The financial performance, strategy management, and GRC applications market showed significant gains in 2011. Specifically:

• Worldwide revenue for the FPSM applications market was $3.0 billion in 2011, representing growth of 16.3%.

• IBM, Oracle, and SAP accounted for 62.5% of the market total (based on worldwide revenue), compared with 61.4% in 2010.

IDC expectx a contested and competitive market in 2012 as Oracle and SAP strive for leadership within the FPSM applications market. Oracle has been historically stronger in the consolidation and close segment with SAP performing well in risk management, budgeting, and profitability management. In 2012, IDC expects these vendors to focus on bolstering capabilities to offer high-performance applications.

This IDC study, Worldwide Financial Performance, Strategy Management and GRC Applications 2011 Vendor Shares (IDC #234848) examines the financial performance, strategy management, and GRC applications market for the period from 2009 to 2011. Revenue and market share of the leading vendors are provided for 2011. This report marks the first year of an expanded definition of the FPSM market to include finance-related GRC applications as well as cross-functional GRC applications used to manage and monitor compliance, risk, and governance policies and procedures organization-wide. It excludes GRC applications used to manage any single operational risk function as well vertical-specific GRC applications.

About IDC

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community to make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 100 countries. For more than 48 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com.

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