Cognos Renews CFO Focus with Applix Buyout

September 27, 2007 from CIO Today – “Cognos is acquiring analytics software provider Applix for approximately $339 million. Cognos CEO Rob Ashe said that within the context of the company's overall strategy for serving large and midsize enterprises, the move will further extend the company's capabilities to offer innovative financial performance management offerings…”

180 View – Co-incidentally, we were working with a client interested in acquiring a Corporate Performance Management system. Cognos declined to respond to our RFP and Applix did respond but before the Cognos acquisition. There is some overlap between the systems. We think the acquisition will not only increase Cognos market share, but will also favourably raise the price for an acquisition of Cognos.