Cognos Acquires Applix—Extending Leadership in Financial Performance Management

Business Intelligence Software : Cognos Acquires Applix—Extending Leadership in Financial Performance Management

On October 25, 2007, Cognos extended its position as the leading provider of financial performance management solutions with the acquisition of Applix. Inc. Applix is an industry leader in performance analytics with operations around the world.

Applix' flagship product, TM1, has proven successful in thousands of customer implementations and is renowned for its ability to put financial managers in firm control of their performance data. As a natural complement to the Cognos product suite of IBM Cognos 8 Planning, IBM Cognos 8 Controller, and IBM Cognos 8 Business Intelligence, TM1 performance analytics will give customers new and enhanced capabilities to analyze and optimize their financial performance.

Source: http://www.cognos.com/applix/