Cognos acquires Applix for $339M

With vendors like Oracle and Microsoft making inroads into the massive $6.25 billion business performance and analytics software market, smaller vendors are doing all they can to remain competitive. In the latest move, Cognos this week said it would acquire Applix for $339 million in cash. "What's interesting about the deal is it gives Cognos the potential to really focus on finance professionals, making their offering that much more complete and therefore more differentiated from standard budgeting, planning and performance-management tools out there," Rob Kugel, senior vice president at San Mateo, Calif. based Ventana Research, told internetNews. Cognos controls 10 percent of marketshare and ranks third behind Business Objects and SAS in total share of the business intelligence market.

For all the details on the acquisition:
- read the article in Internetnews.com
- and see this press release