Kogent Corporation Meets Business Executive Needs with Strategic EPM Acquisition
BI leader Kogent Corporation today announced its acquisition of Driver6, Inc., a San Jose-based firm specializing in Enterprise Performance Management (EPM) and SAP BusinessObjects applications.
Santa Clara, CA and San Jose, CA (Vocus/PRWEB) January 19, 2011
Business Intelligence (BI) leader Kogent Corporation today announced its acquisition of Driver6, Inc., a San Jose-based business and technology firm specializing in Enterprise Performance Management (EPM) and SAP BusinessObjects applications. The EPM solutions added by Driver6 will allow Kogent to better meet the needs of business executives who seek competitive advantage by implementing systems that integrate processes on a strategic, financial and operational level.
“Our clients want to move beyond financial and departmental dashboards,” said Sudhir Saxena, Chief Executive Officer of Kogent. “They demand sophisticated systems that provide decision-making insights connected not only to their internal plan and environments, but also to their community and industry. The Driver6 team has the proven performance management expertise that will take Kogent’s EPM offerings to this sophisticated level.”
Companies that want to differentiate and improve performance relative to competitors need a dynamic business model that adjusts to external factors, alerts decision makers, and defines actions and follow-up as results change. BI solutions create a data management foundation for such a model and are most effective when complemented by EPM solutions that provide performance strategy alignment, decision analytics, consolidating, planning & forecasting, and customer product & optimization.
“Leading-edge businesses combine traditional measures with new intentions, information sources and insights to create value and wealth in a rapidly changing world,” said Mark Doll, Chief Executive Officer and President of Driver6. “Joining Kogent will allow us to offer a more comprehensive suite of BI products and vendor solutions to our clients as they build the data management foundation that supports effective performance management.” Doll will serve as Kogent’s Chief Operating Officer.
With this acquisition, Kogent is uniquely positioned as the only North American provider of an integrated BI and EPM offering. There is great synergy between the product areas and growing customer demand for a one-stop solution which Kogent will immediately be offering to its expanded customer base. Saxena added, “Driver6 also brings additional high-level management experience to Kogent. There is no doubt that Mark Doll’s prior experience as a BusinessObjects senior executive and Managing Partner at Ernst & Young will bode well for the continued evolution of Kogent.”
About Kogent Corporation
Founded in November 2009, Kogent has been experiencing explosive growth. By leveraging strategic acquisitions, Kogent is well positioned as dominant player in the multi-billion dollar Business Intelligence (BI) applications market. Kogent provides prebuilt, industry-specific BI, Data Warehousing, and Analytics solutions for a number of industries including Healthcare, Retail, Manufacturing, High Tech and Government verticals.
About Driver6, Inc.
Driver6, Inc. is a leading business and technology services firm specializing in Enterprise Performance Management (EPM) and SAP BusinessObjects applications. Utilizing a combination of performance management techniques, leading edge technologies and an understanding of connected information, Driver6, Inc. redefines performance management. Driver6, Inc. has headquarters in San Jose, CA.
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