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Cognos gains CPM leaders’ quadrant


Cognos has been positioned in the leaders quadrant in Gartner's recently released Corporate Performance Management Suites 2007 Magic Quadrant. 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, Cognos.
"Our strategic vision for Performance Management has always been centered 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."