Last week, word came down that Cognos would pay $339 million for Applix, a maker of financial performance management software.  This is the latest in a number of buyouts in the business intelligence software industry, such as Oracle march purchase for $3.3 billion of Hyperion, the financial performance management market leader.

This interest matches companies demands for better ways to analyze thier operations, and use business intelligence to maximze productivity across different divisions and departments.  The industry is moving forward towards offering prepackaged solutions instead of the customized or optimized legacy systems solutions of the past.  Click here for the full story.

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