Cognos, a leader in business intelligence (BI) and corporate performance management (CPM), announced the acquisition of Optima Analytical Solutions S.A., based in Madrid, a subsidiary of Sage Finance S.A. Optima will continue its operations in Spain under the name Cognos Espana. The transaction closed on December 31, 2004.

"Cognos understands the power of performance management and has evolved into the clear global leader," said Fernando Rumbero, formerly Optima's general manager, and now country manager for Cognos Espana. "Cognosproducts are what the Spanish market needs. Cognos has an unmatched product suite, world-class customer support and an outstanding reputation for product reliability. I'm delighted to join the Cognos team and look forward to helping Spanish enterprises address their strategic performance management requirements."

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