Cognos Positioned in “Leaders”
Quadrant of Analyst Report on Corporate Performance Management Suites
-- Evaluation based on Ability to Execute and Completeness of Vision --
BURLINGTON, Mass. (Business Wire EON/PRWEB ) December 21, 2007 --
Cognos® (NASDAQ: COGN) (TSX: CSN), the world
leader in business intelligence and performance
management solutions, today announced it is positioned in the
leaders quadrant in Gartner, Inc.’s recently
released Corporate Performance Management Suites 2007 Magic Quadrant.1
Vendors are evaluated annually based on their completeness of vision and
ability to execute.
Gartner defines Corporate Performance Management (CPM) as including “processes….
such as strategy formulation, budgeting and forecasting; methodologies
that drive some of the processes, such as the balanced scorecard or
value-based management; and the metrics used to measure performance
against strategic and operational performance goals.”
Cognos 8 Planning 8.2, a significant Planning product upgrade that was
released last quarter, has improved user interface options (through web
client and Excel) and now leverages all Cognos 8 platform services.
Cognos Controller, also updated earlier this year, is aimed at those who
manage financial consolidation. Additionally, Cognos’
recent acquisition of Applix further strengthens its position as a
leading provider of performance management solutions, bringing TM1 one
of the fastest in memory OLAP engines on the market to its product
portfolio, and strengthening general reporting and analytics
capabilities.
Cognos helps customers globally such as BlueCross BlueShield of
Tennessee (BCBST) ensure better internal decision-making through faster
delivery and increased visibility of key performance metrics.
As Tennessee’s largest provider of healthcare
coverage, insurance products, and services, representing more than 2.3
million member clients, BCBST manages a tremendous volume of data. In
1996, BCBST selected Cognos as its standard BI toolset to achieve a view
of its business-critical information and to enhance analysis and
reporting capabilities. To support a broader Corporate Performance
Management strategy at the organization, BCBST subsequently implemented
Cognos Planning and metrics. More recently, the company developed a
Proof-of-Concept application to demonstrate the business value of
integrating text analytics, predictive analytics, enterprise search, and
traditional BI software using Cognos Go! Search, Cognos 8 BI, and IBM’s
OmniFind solutions. As a 2007 recipient of both a Cognos Performance
Leadership Award, and IBM’s Information on
Demand Award for Best Information Integration Project of the Year, BCBST
has a distinct customer view of the completeness of the Cognos vision of
Performance Management.
“The complex enterprise-wide performance
management challenges that we are now addressing require complementary
functionality and a tight integration at all levels of the supporting
technologies, including data integration tools, database platform
technology, and performance management software,”
said Frank Brooks, senior manager of data resource management and chief
data architect, BlueCross BlueShield of Tennessee. “It’s
also critical that each of these components provide world-class
capabilities based on their own merit. We’ve
already benefited from the capabilities and integration of IBM’s
DB2 Server technology and their Information Server suite of data
integration tools. We’ve also implemented a
number of innovative business solutions using Cognos’
expanding set of Business Intelligence and Performance Management tools.”
“In my opinion, our placement in the leaders’
quadrant validates our vision and shows that our global customer base
continues to rely on Cognos as their performance management partner,”
said Rob Ashe, president and CEO, Cognos. “Our
strategic vision for Performance Management has always been centered on
delivering innovation and expertise for our customers, and providing
customers with planning, budgeting and forecasting solutions that
successfully drives faster, better informed decision-making at all
levels across the entire enterprise.”
(1) Gartner, Inc., "Magic Quadrant for CPM Suites, 2007" by Nigel Rayner
et al, December 19, 2007
About the Magic Quadrant
The Magic Quadrant is copyrighted December 2007 by Gartner, Inc. and is
reused with permission. The Magic Quadrant is a graphical representation
of a marketplace at and for a specific time period. It depicts Gartner's
analysis of how certain vendor’s measure
against criteria for that marketplace, as defined by Gartner. Gartner
does not endorse any vendor, product or service depicted in the Magic
Quadrant, and does not advise technology users to select only those
vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended
solely as a research tool, and is not meant to be a specific guide to
action. Gartner disclaims all warranties, express or implied, with
respect to this research, including any warranties of merchantability or
fitness for a particular purpose.
About Cognos:
Cognos, the world leader in business
intelligence and performance
management solutions, provides world-class enterprise planning and
BI software and services to help companies plan, understand and manage
financial and operational performance.
Cognos brings together technology, analytical applications, best
practices, and a broad network of partners to give customers a complete
performance system. The Cognos performance system is an open and
adaptive solution that leverages an organization’s
ERP, packaged applications, and database investments. It gives customers
the ability to answer the questions -- How are we doing? Why are we on
or off track? What should we do about it? –
and enables them to understand and monitor current performance while
planning future business strategies.
Cognos serves more than 23,000 customers in more than 135 countries, and
its top 100 enterprise customers consistently outperform market indexes.
Cognos performance management solutions and services are also available
from more than 3,000 worldwide partners and resellers. For more
information, visit the Cognos Web site at http://www.cognos.com.
Cognos and the Cognos logo are trademarks or registered trademarks of
Cognos Incorporated in the United States and/or other countries. All
other names are trademarks or registered trademarks of their respective
companies.
Note to Editors:
Copies of previous Cognos press releases and Corporate and product
information are available on the Cognos Web site at http://www.cognos.com.
See the original story at: http://eon.businesswire.com/releases/cognos/performance/prweb589962.htm
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