The acquisition provides Cognos with extra product muscle in the niche areas of analysing and optimising large and complex sets of financial performance data, profitability analysis and business rules management.
Specifically, it will boost Applix's TM1, a 64-bit, in-memory multidimensional OLAP server.
"Applix will broaden our solution offering and provide Cognos with an innovative, 64-bit, in-memory analytics capability," said Cognos chief executive Rob Ashe.
"It will also bring into the company a very strong employee and customer base that has been committed to performance management through high-impact analytics. "
Cognos snaps up Applix for US$339 million
By
Andrew Charlesworth
on Sep 10, 2007 2:35PM
Got a news tip for our journalists? Share it with us anonymously here.
Partner Content
Shared Intelligence is the Real Competitive Edge Partners Enjoy with Crayon
.jpg&h=142&w=230&c=1&s=1)
New Microsoft CSP rules? Here’s how MSPs can stay ahead with Ingram Micro
Beyond the box: How Crayon Is Redefining Distribution for the Next Era
Guiding customers on the uneven path to AI adoption
How Expert Support Can Help Partners and SMBs Realize the Full Value of AI
Sponsored Whitepapers
Cut through the SASE confusion
Stay protected as cyber threats evolve
Defend Your Network from the Next Generation of AI Threats
.jpg&w=100&c=1&s=0)
The race to AI advantage is on. Don’t let slow consulting projects hold you back.
_(8).jpg&w=100&c=1&s=0)
The changing face of Australian distribution
