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QueBIT Acquires Creeth Richman & Associates, an IBM Cognos Platinum
Partner
QueBIT, a leader in the delivery of Performance Management solutions for mid-to-enterprise
level clients, and Creeth, Richman and Associates jointly announced the execution of a definitive
agreement for QueBIT to acquire Creeth Richman.
New York (PRWeb) December 8, 2008 -- Creeth Richman and QueBIT are Platinum Partners of Cognos, an IBM
Company. Creeth Richman specializes in the Cognos TM1 platform delivering world class solutions to a wide
variety of clients which include many in the Fortune 500. Since its inception over 20 years ago, Creeth Richman
has been led by founder Richard Creeth, whose team is recognized as one of the foremost group of experts in the
world of TM1. The combination of QueBIT and Creeth Richman represents an organization ideally positioned to
deliver complete Financial Performance Management and Business Intelligence solutions.
Gary Quirke, CEO of QueBIT notes, "… this depth of expertise with the full range of Cognos/IBM products
establishes a significant competitive advantage for QueBIT. We've brought together two outstanding teams that
share a common passion for innovation and commitment to customer success. By adding one of the strongest
Cognos TM1 Groups in the industry to an already strong Financial Performance Management and Business
Intelligence team, we have further solidified our position as the experts in Performance Management".
Along with expertise in the Cognos TM1 product, Creeth Richman adds significant technical breadth and depth
to the QueBIT team. Included with the acquisition are two "Powered by Cognos" software products,
OLAPObjects and TM1 Consolidations. These products were developed by Creeth Richman and have been sold
since 2000. "A strong product development strategy will play an important part of the goals of the growing and
evolving QueBIT organization", adds Quirke.
Richard Creeth comments: "Performance Management is increasingly the focus of customers today. At Creeth
Richman, we have always prided ourselves on gaining a deep understanding of our clients business problems and
helping them find a superior solution using technologies such as Cognos TM1. This is a philosophy that QueBIT
shares and will continue as a key tenet in the combined organization that will be one of the most highly skilled
and respected in the industry."
The acquisition of Creeth Richman is part of a wider goal to help companies navigate through the difficulties that
are being presented by the current global recession. Gary Quirke adds, "If there was ever a time to invest in
financial performance management and business intelligence software to gain a competitive edge, that time is
right now. In these turbulent economic times, successful CEO's and CFO's see through the market chatter, use it
as an opportunity to invest and turn to QueBIT as a partner to help guide them through the hype and hysteria.
This latest acquisition of Creeth Richman brings us one step closer to providing the total solution to meet our
clients' needs."
ABOUT QUEBIT
Specializing in providing Cognos Financial Performance Management and Business Intelligence solutions
throughout North America, QueBIT empowers companies to make intelligent decisions faster. To find out more
information on how QueBIT can work with your organization to achieve results, please contact us at 1
800-QUEBIT1, email us at contact@quebit.com, or visit our website: http://www.quebit.com/
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Contact Information
Catherine Jirak
QueBIT
http://www.quebit.com/
646-515-8383
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