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Posted by Paul Hamerman on September 6, 2007
Continuing the trend of rapid consolidation in the business performance solutions (BPS) space, Cognos announced a definitive agreement to acquire Applix on Sept. 5. Cognos is positioning the acquisition as an extension of its financial performance management capability. The combination is an interesting contrast of styles:
These contrasting styles are complementary. Cognos can use the Applix technology as a platform for rapidly developing and expanding its BPS solution portfolio. Also, Applix gives Cognos a better play in the midmarket, with a more compact solution footprint and a lower price point.
More importantly, Cognos picks up a powerful technology platform to refresh its core financial performance applications. With its acquisitions of Adaytum in 2004 and Frango in 2005, Cognos offers mature planning and consolidations functionality, but technical baggage and architectural dissimilarities remain. Applix is a strategic acquisition for Cognos innovate and move forward, as the competition increases.
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Coming soon! The Forrester Wave: Business Performance Solutions, Q4, 2007
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