Cognos Accelerates Ability to Implement Corporate Performance Management Solutions- Completes initial Adaytum product integration plan - TAMPA, Fla., March 17, 2003 -- Cognos (Nasdaq: COGN; TSX: CSN), the world leader in business intelligence (BI) and performance management, today announced it has completed the initial phase of its Adaytum product enhancement and integration plan. By integrating the former Adaytum enterprise planning solution into the Cognos solution set, Cognos delivers an integrated solution to its customers and leads the market in providing a comprehensive corporate performance management (CPM) solution. "This is a key milestone in driving our Adaytum integration efforts," said Rob Ashe, Cognos President and Chief Operating Officer. "Our R&D teams have been working diligently on several strategic and tactical fronts to deliver these critical integrations. We're on a great pace to achieve our integration goals and solidify our leadership in both business intelligence and enterprise planning." As the first company to provide a complete solution framework for CPM, Cognos is listed as one of the leading visionaries in the Gartner CPM Magic Quadrant. With the Adaytum integration, Cognos now offers a complete CPM solution by providing a suite of integrated products to address the three key elements of the corporate performance management cycle: enterprise planning, enterprise scorecarding, and enterprise business intelligence. Cognos Enterprise Planning sets corporate goals and forecasts; Cognos Metrics Manager monitors performance through Scorecarding; and Cognos Series 7 provides detailed performance analysis and reporting. Key integration efforts completed to-date include: * Reporting and Analysis: Fully integrating Cognos Series 7 analysis and reporting as the standard reporting and analytic solution for Adaytum's planning solution, giving customers a superior means to navigate their planning information and report to their extended enterprises. * Metrics and Forecasting: Cognos Metrics Manager can draw upon planning and metric targets in the Adaytum solution, allowing customers to see the impact of plan changes against actuals, enabling decision-makers to adjust their plans accordingly. * Financial Integration: Integrating Cognos Finance's consolidation and financial reporting capabilities with Adaytum's planning capability, giving CFOs the ability to view and compare current actuals and forecasted performance to provide a complete, current view of organizational performance versus plan. * Single Sign-On: Providing single sign-on across the complete CPM product set, providing one-stop, secure access to the entire Cognos solution. * Portal Integration: Integrating Adaytum seamlessly within the Cognos Series 7 portal environment, allowing for user-friendly navigation and information access, personalization, and collaboration. Industry Applauds Timely Execution on Integration Plans Cognos' acquisition of Adaytum in January received overwhelmingly positive response from market watchers. Many leading analysts such as IDC and Meta say the deal will strengthen Cognos' corporate performance management (CPM) leadership. "The Adaytum acquisition was a key step in Cognos' strategy to become a leading provider of complete performance management solutions," said Mark Smith, CEO and SVP of research at Ventana Research. "As with any acquisition, demonstration of successful product integration is a critical success factor. Based on demonstrated progress to-date, Cognos is making substantive progress toward that goal." As part of the integration plan, Cognos executives personally met with a number of Adaytum customers over the last 30 days, all of who expressed excitement about the opportunity the acquisition presented and satisfaction with progress achieved to-date. "As long-time Cognos and Adaytum users, Manpower is extremely excited about the impact of further integration between these two world-class software solutions. We anticipate that our ability to share information and measure actions against our business strategies throughout the enterprise will be greater than ever," said Vivian Adadshek, Manager of US Finance and Accounting, Manpower Inc. "This is good news for Courts, as we are already using reported data from Cognos to drive our strategic business models in Adaytum. The acquisition efforts will enable the full integration of these two products into a unified performance management solution. The ability to link the analytical and reporting capabilities of Cognos with Adaytum's powerful forecasting functionality will enable our users to performance manage their business at both the macro and micro level," said Mark Muller, Financial Director, Courts UK. Cognos will be demonstrating its total solution set at CFO Rising, March 16-19 in Tampa Florida (Booth #317). Cognos customers Ace Hardware, Time Life Books, and Bedford, Freeman & Worth will be presenting case studies, key benefits, and best practices in planning and performance management throughout the event. About Cognos: Cognos, the world leader in business intelligence and performance management, delivers software that helps companies drive, monitor and understand corporate performance. Cognos delivers the next level of competitive advantage -- Corporate Performance Management (CPM) -- achieved through the strategic application of BI on an enterprise scale. Our integrated CPM solution helps customers drive performance through planning; monitor performance through scorecarding; and understand performance through business intelligence. Cognos serves more than 22,000 customers in over 135 countries. Cognos enterprise business intelligence and 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. Magic Quadrant Disclaimer The Magic Quadrant is copyrighted September 2002 by Gartner, Inc. and is reused with permission, which permission should not be deemed to be an endorsement of any company or product depicted in the quadrant. The Magic Quadrant is Gartner, Inc.'s opinion and is an analytical representation of a marketplace at and for a specific time period. It measures vendors against Gartner defined criteria for a marketplace. The positioning of vendors within a Magic Quadrant is based on the complex interplay of many factors. Gartner does not advise enterprises to select only those firms in the "Leaders" quadrant. In some situations, firms in the Visionary, Challenger, or Niche Player quadrants may be the right matches for an enterprise's requirements. Well-informed vendor selection decisions should rely on more than a Magic Quadrant. Gartner research is intended to be one of many information sources including other published information and direct analyst interaction. Gartner, Inc. expressly disclaims all warranties, express or implied, of fitness of this research for a particular purpose. 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:
Steve Milmore
Cognos, 339-222-1040
Amy Pavel Shanler, Lois Paul & Partners for Cognos
781-782-5747
Investor Relations:
John Lawlor
Cognos, 613-738-3503
SOURCE Cognos
Web Site: http://www.cognos.com
|