Cognos, a world leader in business intelligence and performance management solutions, announced it has acquired privately held Celequest Corporation, a provider of operational business intelligence solutions based in Redwood City, California. The acquisition closed on January 16. Financial terms were not disclosed.

"This is a great complementary acquisition for Cognos. Celequest's innovation in self- service dashboard creation and real-time information monitoring extends our vision for operational BI and enhances our market-leading performance management solution," said Rob Rose, chief strategy officer at Cognos. "This gives us the opportunity to reach a new class of users who need to continuously monitor performance against key metrics and make decisions based on real-time, operational information. Celequest's operational dashboards are immediately interoperable with Cognos 8 BI, delivering a more complete view of enterprise information for better overall performance management."

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