Cogent Communications chooses Mona Group Reporting

2 October 2012

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Brussels, October, 2nd 2012 – Cogent Communications has chosen Mona Group Reporting, the unified consolidation and reporting software from Sigma Conso, to carry out its consolidation and financial reporting in Europe and the United States.

Marie Frangville, Group Controller for Cogent Europe, states: “We were looking for a unified solution for consolidation and reporting that would be flexible, reliable and robust, to replace our old consolidation software, for which support was no longer available.

It was Sigma Conso’s solid reputation for professionalism that initially led me to contact this consolidation solutions provider during our call for tenders. After review, we concluded that Mona Group Reporting was a perfect match for our needs: consolidation on a monthly basis, managing multiple currencies, consolidating 30 entities in Europe, global consolidation in the United States… Mona Group Reporting offers a very simple and truly flexible way to manage all of this. It is highly intuitive and user-friendly, and as for the software configuration, I actually set up the solution myself at our parent company in the United States. This means in lower implementation costs more effective management of cultural factors and any organizational changes.”

Olivier Nardi, Country Manager Luxembourg, Sigma Conso, adds: “We are delighted to be able to meet the needs of the Cogent Communications Group and to support their development. The flexibility and convenience of the reporting tool and the presentation quality of the reporting and analyses also tipped the balance in favour of our solution for the senior management of the group’s American division.

Mona Group Reporting is particularly well suited to the needs of international groups: its flexibility and simplicity, combined with its processing power, allow easy setup and scalability to effectively support development for groups on the long term.”

About Cogent Communications

Cogent Communications (NASDAQ: CCOI) is a multinational, Tier 1 facilities-based ISP, consistently ranked as one of the top five networks in the world. Cogent specializes in providing businesses with high speed Internet access, point-to-point transport and collocation services. Cogent’s facilities-based, all-optical IP network backbone provides IP services in over 180 markets globally.
Since its inception, Cogent has unleashed the benefits of IP technology, building one of the largest and highest capacity IP networks in the world. This network enables Cogent to offer large bandwidth connections at highly competitive prices. Cogent also offers superior customer support by virtue of its end-to-end control of service delivery and network monitoring.
For more information, visit www.cogentco.com