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April 2, 1996


By CBR Staff Writer

Cognos Inc has announced updates to its PowerPlay 4 on-line analytical processing software tool-Version 5.0 will be released in June this year. The software is intuitive. It enables users to drill down through their data and to slice and dice the information, particularly useful as an executive information system to provide on-line company-wide information. So far, Cognos has notched up 125,000 sales of PowerPlay and hopes the latest launch, which comes with an additional server, will establish the software as the absolute standard in the industry, according to a Cognos spokesperson. During the past two years, Cognos has climbed its way to the top of the data warehousing pile and the stock market has shown increasing confidence in the company. In February 1995 Cognos shares were changing hands at $16.0 per share. Today they are listed at $58.50. The company attributes a high proportion of its growth to the partnerships it has built with 110 companies. This year it hopes to increase that number to 300. Instead of designing and developing the technology themselves, the joint agreements allow the companies to bolt on Cognos’s applications. PowerPlay 5.0 is currently in beta test, but will retail for about $695 – a similar level to version 4. The PowerPlay server will cost $14,995 for Unix-based platforms and $4,995 for NT platforms.

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