TechnologyBoom time for business intelligence software

Boom time for business intelligence software

Coda and CedarOpenAccounts acquire business intelligence companies

Two of the UK’s most well-known business software companies have ramped up
efforts to provide business intelligence software to clients.

CedarOpenAccounts has acquired BI vendor Strata Systems and will integrate
its software, while Coda has launched data analysis and reporting technology.

Strata’s software is currently used by about 100 customers, including RAC,
TNT and the Merseyside Police. The deal is COA’s fifth acquisition, and MD Mark
Thompson believes BI is a ‘fast growth market’ that will help the company
expand.

‘Our decision to acquire Strata Systems has been driven by customer demand
and our product expansion plans,’ said Thompson.

Coda has launched its new intelligence software, which extracts key data from
transactional systems and stores it for analysis and reporting.

In addition, it has designed Coda-Analytic Explorer using Microsoft
technology for online analysis and modelling. It provides key management and
information users with data relevant to their function, giving them browsing,
reporting and analysis capabilities.

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