Cognos, a world leader in business intelligence and performance management solutions, today announced that it is becoming the BI solution of choice for leading Software as a Service (SaaS) application providers and their customers. Today, more than 200 companies and 20,000 end users worldwide access strategic information stored in hosted applications with Cognos technology, gaining the power of the industry's most complete BI capabilities without having to manage the application data in house.

"SaaS will be a pervasive application business model over the next four years, and Cognos is already at the forefront of this evolution through its strong relationships and partner deployments," said Jennifer Francis, vice president of market development, Cognos. "Cognos 8 BI's innovative architecture, Web-based interface, security, and scalability have made it the perfect BI product for SaaS providers. It provides enterprise-class BI capabilities to organizations through a low-risk, low-cost hosted environment, and demonstrates once again, Cognos' technology leadership and its strategic role in helping companies gain better visibility and insight into organizational performance.""As companies seek opportunities for lower TCO, faster time to value, and lower risk for IT solutions, they are turning to SaaS vendors for select hosted applications such as sales force automation, CRM, and compliance," said Benjamin Pring, research vice president, Gartner. "In fact, software as a service is a key growth area within the overall software sector and will represent a third of all new software within five years."

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