Gartner names Twinfield as important SaaS vendor

Released on: June 30, 2008, 8:55 am

Press Release Author: Twinfield International

Industry: Accounting

Press Release Summary: Twinfield listed as sole European SaaS emerging talent in
core financial management applications

Press Release Body: 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

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.

Photography for this story is available in jpeg format from

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

Press contact:
Camille Closs
+44 (0)20 8286 0654
Watch PR

Web Site:

Contact Details: Camille Closs
Watch PR
+44 (0)20 8286 0654
29 Gibbon Road, Kingston upon Thames, KT2 6AD, UK

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