Cognos buys Applix to round out BI with analytics

Cognos buys Applix to complement flagship products in planning and business intelligence

In a move to extend what it regards as its position as a leading independent provider of financial performance management systems, business intelligence and performance management provider Cognos is to buy analytics software provider Applix in a deal worth nearly $400 million.

Applix has more than 3,000 customers across a variety of industries including insurance, financial services, banking, healthcare, pharmaceutical, telecommunications, manufacturing, consumer goods and retail.

Cognos sees the Applix acquisition as a good fit for the firm offering 64-bit, in-memory analytics capabilities. ' href='" href=" ">' # Applix’s software will complement the Cognos flagship products— Cognos 8 Planning, Cognos 8 Controller, and Cognos 8 Business Intelligence —specifically in the area of financial performance management.

The intention is to give customers new and enhanced capabilities to analyse and optimise financial performance. This will include improved analysis and optimisation of large, complex financial performance data; strong finance self-service capabilities such as business rules management; new solution areas including profitability analysis. In addition there is the Applix TM1 64-bit, in-memory multidimensional OLAP server analytics engine.

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