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Cognos Inc. wants to strengthen its presence in Europe, as evidenced by the business-intelligence software maker's offer of $52.2 million to buy Frango AB.
Cognos Inc. wants to strengthen its presence in Europe, as evidenced by the business-intelligence software maker's offer of $52.2 million to buy Frango AB, a Stockholm developer of financial-consolidation and -reporting software. Last week, Frango's directors recommended that shareholders accept Cognos' cash offer. The deal should be sealed on or around Oct. 1.
Cognos will combine Frango's applications with its own business-intelligence, financial-planning, and scorecarding applications to build its position in the market for corporate performance-management software. Cognos has made a number of acquisitions in recent years as it expands beyond its core business-intelligence products into corporate performance management.
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Getting Started With Emerging TechnologiesLooking to help your enterprise IT team ease the stress of putting new/emerging technologies such as AI, machine learning and IoT to work for their organizations? There are a few ways to get off on the right foot. In this report we share some expert advice on how to approach some of these seemingly daunting tech challenges.