Cognos Buys Spanish BI Vendor - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Software // Information Management

Cognos Buys Spanish BI Vendor

Optima, formerly a unit of Sage Finance, will operate under the name Cognos Espana.

Cognos acquired Optima Analytical Solutions, a Madrid, Spain-based business intelligence software company, in an effort to broaden its operations in that country.

Optima, formerly a unit of Sage Finance, will operate under the name Cognos Espana. The transaction closed last month. Cognos withheld financial terms of the deal, which it announced Tuesday.

"We regard the Spanish market as key to accelerating our presence in southern Europe," Ad Voogt, Cognos senior vice president for European Operations, said in a statement.

Optima makes financial performance management applications, Cognos said.

Cognos has openly expressed its desire to expand operations in Europe. It announced the $52.2 million acquisition of Frango, a Swedish maker of financial consolidation and reporting software, last summer.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

How CIO Roles Will Change: The Future of Work
Jessica Davis, Senior Editor, Enterprise Apps,  7/1/2021
A Strategy to Aid Underserved Communities and Fill Tech Jobs
Joao-Pierre S. Ruth, Senior Writer,  7/9/2021
10 Ways AI and ML Are Evolving
Lisa Morgan, Freelance Writer,  6/28/2021
White Papers
Register for InformationWeek Newsletters
Current Issue
Flash Poll