IBM to acquire Cognos

Business Intelligence Software Vendores : IBM to acquire Cognos

Accelerates Information on Demand initiative with business intelligence and performance management

On November 12, 2007 IBM announced that it has signed an agreement to acquire Cognos. Cognos is a recognized industry leader and one of the largest providers of business intelligence and performance management solutions, with more than 25,000 customers and over 3,000 partners. Together, IBM and Cognos will become the industry's leading provider of technology and services for Business Intelligence and Performance Management.

Business Intelligence is the top priority for CIOs and Performance Management is a top priority for CFOs, driving a requirement for a common platform to improve overall enterprise performance. Companies demand solutions that provide a single, trusted view of their business to drive real-time strategic and operational intelligence to a wide range of internal and external users.

Cognos provides the only complete BI and performance management platform, fully integrated on an open-standards-based service oriented architecture (SOA), and has a strong history of supporting heterogeneous application environments, consistent with IBM's approach.

The acquisition of Cognos extends IBM's Information On Demand value proposition, providing the industry's leading and most complete solutions for unlocking the business value of information, which will extend IBM's ability to capitalize on emerging business growth opportunities, while IBM's hardware, software and services capabilities and extensive global reach will accelerate delivery of Cognos solutions, enabling our customers to:

• maximize the value of their information
• optimize their business processes
• deliver trusted information in real-time
• achieve higher performance across the enterpris

Source: For more information, please visit http://www-306.ibm.com/software/data/info/cognos/