Cognos, a business intelligence (BI) and performance management (PM) solutions vendor, has announced it is positioned in the leaders' quadrant in Gartner'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.
"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," says Rob Ashe, president and CEO of Cognos.
"Our strategic vision for performance management has always been centred 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
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The Magic Quadrant is copyrighted December 2007 by Gartner and is re-used 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 vendors 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
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 organisation'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.
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