Cognos Agrees To Acquire Adaytum

Minneapolis-based Adaytum provides enterprise performance planning (EPP) software. With the acquisition, Cognos aims to become a leader in the corporate performance management software market.

Both companies have strong channel models, and Ottawa-based Cognos has about 3,000 partners.

One Cognos partner said the new EPP software, combined with Cognos' existing corporate performance management software, will allow him to up-sell higher into the corporate hierarchy.

"This strengthens a new market Cognos is trying to open," said Mark Quigg, president of InBusiness Solutions, Ottawa. "This gives Cognos a tool for the budgeting process, how companies do forecasting and investment planning. The next phase is to see how a company performs based on that plan using the scorecarding, ratios and key metrics [Cognos offers today. The two work well hand-in-hand, and the opportunity for channel partners is the implementation of the tools. Adding that [EPP piece to it gives a better return on investment and gets us closer to the top rungs of the [corporate ladder."

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