Cognos positioned in 'Leaders' Quadrant in 2006 analyst report on Corporate Performance Management Suites
BURLINGTON, Mass., Dec. 5, 2006 -- Cognos (Nasdaq: COGN; TSX: CSN), the world leader in business intelligence and performance management solutions, today announced it is positioned in the leaders quadrant of Gartner, Inc.'s new Corporate Performance Management Suites 2006 Magic Quadrant. Vendors are evaluated based on completeness of vision and ability to execute.
According to Gartner, "leaders are vendors who are performing well today, have a clear vision of market direction, and are actively building competencies to sustain their leadership position in the market." Gartner defines 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." Gartner also acknowledges that "to be effective CPM must be supported by a suite of analytical applications that provide the functionality to support these processes, methodologies and metrics."
Cognos continues to enable organizations worldwide, such as the Actavis Group, to improve decision-making by transforming performance management processes for sustainable competitive advantage.
Actavis Group holds a leading market position in generic pharmaceutical products. The company began its performance management implementation with Cognos' planning and reporting capabilities following a string of acquisitions which grew its employee base from 100 to 10,000 in five years.
"Our explosive growth created the demand for a flexible solution that could integrate with a wide range of ERP systems for improved enterprise-wide visibility to planning, budgeting, forecasting and reporting," said Ulfar Helgason, CIO, Actavis Group. "With Cognos, we now have consistent and accurate information through central control of models, plans and reports. Broader plans encompassing sales and 'cost of goods sold' allow for profit analysis. Our streamlined, automated processes let us integrate newly acquired companies faster into our planning structure. The improved visibility and consistency brings efficiency and greater effectiveness to decision-making."
The Cognos Performance Management System combines technology, best practices, analytic applications and solutions, and a broad network of partners into a single performance management solution for customers. This system serves as an important buffer for customers by sitting on top of source transaction systems, such as ERPs, to bridge and integrate multiple, changing, internal and external data sources. These data assets are turned into actionable, real-time information so customers can drive more impactful business performance more quickly.
"We believe our position in the leaders' quadrant is a testament to the value realized by our customers as they standardize on Cognos as their performance management partner," said Rob Ashe, president and CEO, Cognos. "Our Performance Management System embodies our strategic vision by providing customers with a solid foundation of visibility with enterprise planning and business intelligence with improved business control and performance. This combination successfully drives faster, better informed decision-making at all levels across the entire enterprise."
Cognos is also positioned in the "leaders" quadrant in "Magic Quadrant for Business Intelligence Platforms, 1Q06. See: http://www.cognos.com/news/analyst_reviews.html.
About the Magic Quadrant
The Magic Quadrant is copyrighted January and December 2006 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.
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.
*Source: "Magic Quadrant for CPM Suites, 2006" N. Rayner, December, 2006. 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.
Media Contacts: Carrie Bendzsa Cognos, 613-738-1440 email@example.com
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