Cognos Positioned In “Leaders” Quadrant In New Analyst Report On Corporate Performance Management Suites
– Cognos positioned in “leaders” quadrant in both CPM Suites
and Enterprise Business Intelligence Suites and Platforms reports –
BURLINGTON, MA, November 7, 2005 -
Cognos (Nasdaq: COGN; TSX: CSN), the world leader in business
intelligence and corporate
performance management (CPM), today announced it is positioned in the
leaders quadrant of Gartner, Inc.’s new Corporate Performance Management
Suites Magic Quadrant. Vendors are evaluated based on completeness of vision
and ability to execute.
According to Gartner, "leaders are vendors who are performing well today,
have a clear vision of market direction, and are actively building competencies
to sustain their leadership position in the market.” Gartner defines
CPM as not only the processes used to manage corporate performance, but also
the methodologies that may drive some of the processes, the metrics used to
measure performance against strategic and operational performance goals, and
the appropriate supporting systems.
Cognos continues to enable organizations worldwide to unlock performance
improvements for sustainable competitive advantage. The Cognos Performance
Management System combines best-in-class technology, industry best-practices
and a partner ecosystem to enable organizational agility and improve the decision-making
process for organizations by connecting people and goals across operations
and management functions with right-time, actionable information.
“We have partnered with Cognos to find a corporate performance
strategy solution for the loss forecasting process in our consumer and small
business areas,” said David Schultz, SVP, Bank of America. “The
Cognos solution enables us to prepare loss forecasts more quickly
and improves transparency in regards to the end-to-end loss
forecasting process. Our initial implementation centralized the
existing process, creating a ‘one stop shop’ for our
analysts and management to quickly and easily access the loss forecasting
information. It also enables our loss forecasting analysts to more
effectively manage changes throughout the loss forecasting cycle.
We feel Cognos’ position in the leaders quadrant for CPM is well-deserved.
The solution helps integrate and automate key processes to provide a clear,
consistent view for unified decision-making.”
"We believe our positioning in the leaders quadrant is further confirmation
that our CPM vision and strategy is right on course. It’s a testament
to the tangible value our customers gain as they standardize on Cognos,” said
Rob Ashe, president and CEO, Cognos. "Our strategic vision for CPM is
embodied in practice within our Performance Management System that provides
customers with an unparalleled foundation to help them successfully drive performance
management and good governance across the enterprise.”
Cognos maintains a strong focus on achieving top-level performance across
the company. This effort has made Cognos a world-class example of corporate
performance management in action and contributes to its position in the market.
The company’s achievements in this area have been recognized by the Balanced
Scorecard Collaborative, which has named Cognos to its Hall of Fame. See: http://www.cognos.com/news/releases/2004/1014.html
Cognos is also positioned in the “leaders” quadrant in Gartner’s
Enterprise Business Intelligence Suites and Platforms Magic Quadrant, 2H04.
See: http://www.cognos.com/news/analyst_reviews.html.
About the Magic Quadrant
The Magic Quadrant is copyrighted
October 2005 by Gartner, Inc. and is reused 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 vendor’s 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.
* Source: "Magic Quadrant for CPM Suites, 2005” N. Rayner, F.
Buytendijk, L. Geishecker November 4, 2005
About Cognos:
Cognos, the world leader in business intelligence and corporate performance management, delivers software and services that help 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 23,000 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.
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.
Note to Editors:
Copies of previous Cognos press releases and Corporate and product information are available on Cognos' Web site at http://www.cognos.com, and at PR Newswire's site at http://www.prnewswire.com.
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