Cognos Acquires Celequest
– Adds real-time operational dashboards to market-leading performance management solution –
OTTAWA, ON & BURLINGTON, MA, January 17, 2007— Cognos (Nasdaq: COGN; TSX: CSN), the world leader in business intelligence and performance management solutions, today announced it has acquired privately held Celequest Corporation, a provider of operational business intelligence solutions based in Redwood City, California. The acquisition closed on January 16. Financial terms were not disclosed.
“This is a great complementary acquisition for Cognos. Celequest’s innovation in self service dashboard creation and real-time information monitoring extends our vision for operational BI and enhances our market-leading performance management solution,” said Rob Rose, chief strategy officer at Cognos. “This gives us the opportunity to reach a new class of users who need to continuously monitor performance against key metrics and make decisions based on real-time, operational information. Celequest’s operational dashboards are immediately interoperable with Cognos 8 BI, delivering a more complete view of enterprise information for better overall performance management.”
Celequest is the industry’s only dashboarding solution to be offered as an appliance or via a Software as a Service (SaaS) model, which allows for fast and low-cost deployment – a big advantage for departments or companies with limited staff and IT resources. Powered by patent-pending, in-memory streaming technology, users can monitor real-time feeds from transactional systems. Celequest is certified on AppExchange and can continuously monitor Salesforce data in a hosted environment. And w ith process or user-triggered alerts, operational managers in industries such as financial services, manufacturing, and retail can see the most relevant information at the time they need it most, easing their ability to manage day-to-day business activities relating to risk exposure, operational efficiency, or inventory control.
“Driving performance improvement requires timely and easy-to-use information for visibility across operations,” said Mark Smith, chief executive officer and executive vice president research at Ventana Research. “The acquisition of Celequest will provide Cognos with a complementary BI solution that delivers on the operational intelligence derived from business events across an enterprise.”
“We regard Cognos as the world leader in BI and performance management, and we are excited about joining the Cognos team,” said Diaz Nesamoney , chief executive officer at Celequest. “We see this as a great opportunity to further promote our vision of helping customers drive performance. We also are proud to introduce our customers to the value of a complete performance management system from Cognos"
Safe Harbor for Forward-Looking Statements
Certain statements made in this press release that are not based on historical information are forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934 and Section 138.4(9) of the Ontario Securities Act. Such forward-looking statements relate to, among other things, Celequest’s products and their performance individually and with Cognos products; and opportunities arising from or in connection with the acquisition for Celequest and Cognos product offerings.
These forward-looking statements are neither promises nor guarantees, but involve risks, factors and uncertainties that may cause actual results to differ materially from those in the forward-looking statements. Factors that may cause such differences include differences in Celequest’s actual business and operating condition/capabilities from the condition/capabilities determined based on the due diligence process; Cognos ability to efficiently integrate Celequest and the ease in which Celequest can be integrated; Cognos ability to retain Celequest personnel; Cognos ability to develop and introduce new products and enhancements that respond to customer requirements and rapid technological change; new product introductions and enhancements by competitors; Cognos ability to compete in an intensely competitive market; Cognos ability to select and implement appropriate business models and strategies; unauthorized use of Cognos or its subsidiaries’ intellectual property; claims by third parties that Cognos or its subsidiaries’ software infringes their intellectual property; and Cognos ability to identify, pursue, and complete acquisitions with desired business results; as well as the risk factors discussed in the company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, filed with the United States Securities and Exchange Commission (“SEC”) and the Canadian Securities Administrators (“CSA”), as well as other periodic reports filed with the SEC and the CSA. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they are made. The company disclaims any obligation to publicly update or revise any such statements to reflect any change in its expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those contained in the forward-looking statements.
Cognos, the world leader in business intelligence and performance management solutions, provides world-class enterprise planning and BI software and services to help companies plan, understand and manage financial and operational performance.
Cognos brings together technology, analytical applications, best practices, and a broad network of partners to give customers a complete performance system. The Cognos performance system is an open and adaptive solution that leverages an organization’s ERP, packaged applications, and database investments. It gives customers the ability to answer the questions -- How are we doing? Why are we on or off track? What should we do about it? – and enables them to understand and monitor current performance while planning future business strategies.
Cognos serves more than 23,000 customers in more than 135 countries, and its top 100 enterprise customers consistently outperform market indexes. Cognos 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.
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