Cognos to Acquire Applix

Cognos has announced the execution of a definitive agreement to acquire Applix, Inc., a publicly held company based in Westborough, Massachusetts and an industry leader in analytics. With this acquisition, Cognos expects to further extend its position as a leading provider of financial performance management.

Applix will complement Cognos flagship products—Cognos 8 Planning, Cognos 8 Controller, and Cognos 8 Business Intelligence —specifically in the area of financial performance management. Applix performance analytics will give customers new capabilities to analyze and optimize financial performance. This will include improved control and leverage of large, complex financial performance data; strong finance self-service capabilities for “what-if” business modeling and scenario management; new solution areas including profitability analysis; and innovative technology, including a patented, 64-bit, in-memory multidimensional OLAP server.