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November 24, 2010

GBM acquires Performance Systems for business intelligence

GBM can cater business intelligence and performance management offerings to its users

By CBR Staff Writer

Gulf Business Machines (GBM), the region’s IT offerings and service provider, has acquired Performance Systems, a provider of Corporate Performance Management and Business Intelligence offerings in MENA (Middle East,North Africa) and the Cognos preferred services partner for the MENA region, to enhance performance management and business intelligence capabilities.

Performance Systems was previously a unit of Almasa Business Solutions, which identifies and develops highly specialised business solutions for companies.

The acquisition supports GBM’s strategy to build more expertise and expand its current offering to include corporate performance management and business intelligence offerings in the MENA region.

The acquisition enables GBM to cater to its users business intelligence and performance management offerings through the IBM Cognos offerings, coupled with access to a wide selection of IT offerings and services.

The IBM Cognos product portfolio includes IBM Cognos Business Intelligence, IBM Cognos Enterprise Planning, IBM Cognos TM1 and IBM Cognos Controller.

GBM CEO Cesare Cardone said it has become important for them to offer their users a framework of services that cover the entire lifecycle of a project from offering planning and implementation through business improvement.

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"By acquiring Performance Systems we are able to offer our users access to one of the most comprehensive IT offerings portfolios in the Middle East," Cesare said.

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