Cognos Eyes Swedish Vendor, European Growth - 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.

IoT
IoT
Software // Information Management
News
8/30/2004
01:59 PM
50%
50%

Cognos Eyes Swedish Vendor, European Growth

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.

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
Slideshows
Reflections on Tech in 2019
James M. Connolly, Editorial Director, InformationWeek and Network Computing,  12/9/2019
Slideshows
What Digital Transformation Is (And Isn't)
Cynthia Harvey, Freelance Journalist, InformationWeek,  12/4/2019
Commentary
Watch Out for New Barriers to Faster Software Development
Lisa Morgan, Freelance Writer,  12/3/2019
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
The Cloud Gets Ready for the 20's
This IT Trend Report explores how cloud computing is being shaped for the next phase in its maturation. It will help enterprise IT decision makers and business leaders understand some of the key trends reflected emerging cloud concepts and technologies, and in enterprise cloud usage patterns. Get it today!
Slideshows
Flash Poll