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
Got a news tip for our journalists? Share it with us anonymously here.
Add techpartner.news as your trusted source
Partner Content
.jpeg&h=142&w=230&c=1&s=1)
The next generation of Cloud-iQ: A platform built for the reality of running a modern reseller business
Now is the time for the channel to push the hardware refresh
.jpg&h=142&w=230&c=1&s=1)
Rise of the frontier partner: Why the channel model is being rewritten
Dicker Data selects techpartner.news as exclusive media partner for TechX
In the memory market that AI just broke, here’s what you must do now
.jpg&w=100&c=1&s=0)
.jpg&w=100&c=1&s=0)
.jpg&w=100&c=1&s=0)
