Background - Cognos is the leading business intelligence firm. The dominance in this area was built around ease of reporting and ready access to adhoc tools that analysts preferred to use. Cognos 8 is a leading suite of tools for ready access to data across the organization.
Buying into Finance - An early acquirer, Cognos has acquired the following companies with functionality for Finance:
1999 - LEX2000 - now Cognos Finance, although discontinued
2002 - Adaytum - now Cognos Planning, Contributor
2004 - Frango - now Cognos Controller
2007 - Applix - now Cognos TM1
2009 - Cognos Express debuts for the midmarket
These companies and products have been assimilated into the Cognos 8 platform
Now Everyone is Acquired - With the late 2007 acquisition of Cognos by IBM, consolidation in the BI/BPM market should be concluded. Developments at Cognos under IBM have been positive, with continued advancement of the product line under steady direction.
Related Practice Areas
Budgeting and Forecasting
Consolidation/Financial Reporting
Reporting and Analytics