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02:34 PM
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IBM To Acquire Cognos

IBM has announced it will purchase Cognos in a $4.9 billion deal.

IBM (Armonk, N.Y.) announced today that it will acquire Ottawa, Ontario-based Cognos, a business intelligence and performance management software provider.

Through the acquisition, IBM aims to further build upon its Information on Demand strategy, a cross-company content and data management initiative created last February that has already led to several other acquisitions. IBM says it will leverage Cognos to enable new business insights to be delivered to a broader set of people across an organization, beyond the traditional users of business intelligence.

The $4.9 billion deal is subject to the approval of Cognos shareholders and regulators.

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