Cognos to acquire Applix

Writing by Jorgen on Wednesday, 3 of October , 2007 at 8:13 pm

I hate to say I told you so - but I am going to do it anyway! I wrote in my blog about vendor consolidation that the innovation would come from small companies and that the larger (BI) vendors would acquire them. Well yesterday Cognos annouced they acquired Applix - a 200 person company specialized in performance Analytics.

See what cognos writes about this on their own website:

Cognos to Acquire Applix
Cognos has announced the execution of a definitive agreement to acquire Applix, Inc., a publicly held company based in Westborough, Massachusetts and an industry leader in analytics. With this acquisition, Cognos expects to further extend its position as a leading independent provider of financial performance management.

Applix will complement Cognos flagship products—Cognos 8 Planning, Cognos 8 Controller, and Cognos 8 Business Intelligence —specifically in the area of financial performance management. Applix performance analytics will give customers new capabilities to analyze and optimize financial performance. This will include improved control and leverage of large, complex financial performance data; strong finance self-service capabilities for “what-if” business modeling and scenario management; new solution areas including profitability analysis; and innovative technology, including a patented, 64-bit, in-memory multidimensional OLAP server

Category: BI Tools, BI vendor consolidation, Business Intelligence consulting, Business Intelligence datawarehousing, Business Intelligence software, Business Intelligence system, Business Intelligence tools, Cognos

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