IBM Joins Cognos Innovation Center Advisory Board27 June 2006
Cognos (Nasdaq: COGN; TSX: CSN), a world leader in business intelligence and performance management solutions, today furthered its ongoing relationship with IBM by appointing Steve Lukens, IBM's global leader of Financial Management (FM) Consulting Services, to the advisory board of the Cognos Innovation Center(TM) for Performance Management.
Mr. Lukens is responsible for leading IBM consultants around the world who provide strategy, systems and process assistance to CFO's and finance organizations across all industries. He joins an esteemed group of advisors that guide Cognos and its customers in advancing state-of-the-art Performance Management practices.
IBM and Cognos have recently strengthened their industry alliance to jointly drive marketplace innovation and help more enterprise customers succeed with their Business Intelligence and performance management initiatives. (See: http://www.cognos.com/news/releases/2006/0307.html) Mr. Lukens will share his insights on key trends in performance management during an executive panel with Cognos CEO Rob Ashe today at Cognos Forum, the company's annual customer conference.
Mr. Lukens has spent 24 years at Price Waterhouse, PwC Consulting and IBM providing operational improvement assistance, process redesign and change management services to a variety of multi-national, multi-billion dollar companies. His expertise and main focus is on improving the finance function within these companies.
"CFOs are facing a transformation imperative as they work to strike a balance between effectiveness, control and efficiency while managing complexity, supporting profitable growth and balancing risk," said Mr. Lukens. "Our implementation expertise and Cognos' performance management solutions help CFOs face this challenge and win. I'm pleased to be working with the Cognos Innovation Center representing IBM in an advisor role to help more companies accelerate innovation and responsiveness as they progress business performance management across their enterprise."
In his role as advisor, Mr. Lukens will participate in one-on-one vision sessions, executive roundtables, and workshops designed to help companies understand the opportunity for performance improvement and develop a vision and roadmap using industry best-practices for sustainable process improvement.
"I'm pleased to see the two companies continue to drive innovation," said Francois Boiteux, director of organization and information systems, Clarins. "The addition of IBMs' financial management expertise to the Cognos Innovation Center Advisory Board will help companies accelerate their process improvement and performance management transformations by providing additional insights and practical best-practice solutions for implementation success."
The combined Cognos and IBM Financial Management Consulting Services offerings help companies realize the promise of performance management by aligning top-to-bottom business objectives and metrics, increasing visibility into business activities and IT resources, providing access to and analysis of real-time and historical information from multiple sources, modeling and monitoring of business processes to improve effectiveness, supplying role-based views and collaboration to initiate actions based on insights, and providing IT management systems that enable controlled environments.
"We are excited to add IBMs' deep, proven expertise in financial and performance management to the Cognos Innovation Center," said Renee Lorton, SVP and General Manager, Cognos Performance Management Applications. "The addition of Steve Lukens will be a great complement to our industry-leading Innovation Center advisory board and will help Cognos continue to offer thought leadership and best practices to Cognos customers as they progress on their paths to automate and optimize performance management across the enterprise."
Cognos Innovation Center advisors also include Beyond Budgeting Roundtable Research Director, Jeremy Hope; The Hackett Group's Chief Research Officer, Richard T. Roth; President of Palladium Group and Co-creator of the Balanced Scorecard, Dr. David P. Norton; and Sonax Founder and President, David Axson.
About the Cognos Innovation Center for Performance Management
The Cognos Innovation Center was established in June 2004 to advance the understanding of proven performance management best-practices and enabling technologies. Staffed by experts in planning, management processes, and technology, the Innovation Center partners with more than 500 Cognos customers, partners, academics, industry leaders, and others who want to accelerate adoption, reduce risk, and maximize the impact of technology-enabled performance management practices. Depending on their area of interest, members focus on advancing performance management practices or business intelligence competency, gaining insights from experts and peers who have experienced similar challenges and paths to success. Visit: http://www.cognos.com/innovationcenter/.
About Cognos
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.
Media Contacts:
Carrie Bendzsa
Cognos, 613-738-1440
carrie.bendzsa@cognos.com
Doreen Maciak
Lois Paul & Partners, 781-782-5832
doreen_maciak@lpp.com
Investor Relations:
John Lawlor
Cognos, 613-738-3503
john.lawlor@cognos.com
Source: prnewswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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