Saturday, August 19, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
YouTube TV expands to new markets
Facebook Tests News Stories Customized to Users' Interests
Google Home Now Supports Free Calls
Asus Unveils the ZenFone 4 Pro, ZenFone 4, ZenFone 4 Selfie Pro, and ZenFone 4 Selfie
Nokia 8 Shipped With ZEISS Optics
Apple is Getting Serious in TV Shows and Film Prospect
Acer's New 4K Projectors Bring the Benefits of Cinema Home
Fiat Chrysler Joins BMW, Intel, Mobileye in Autonomous Driving Team
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > IBM to ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, November 12, 2007
IBM to Buy Cognos for $5 Billion


IBM said on Monday it would buy Canada's Cognos Inc for $5 billion, snapping up the last of the major makers of business intelligence software.

The deal was expected after SAP AG bid for Cognos rival Business Objects in October and Oracle acquired Hyperion Solutions earlier this year.

All three targets make software that analyzes businesses by combing through vast amounts of data.

IBM said it had signed a definitive agreement to buy Cognos for $58 a share.

IBM said the all-cash deal was subject to shareholder approval and should close in the first quarter of 2008.

"IBM has been providing Business Intelligence solutions for decades. Our broad set of capabilities ? from data warehousing to information integration and analytics ? together with Cognos, position us well for the changing Business Intelligence and Performance Management industry. We chose Cognos because of its industry-leading technology that is based on open standards, which complements IBM's Service Oriented Architecture strategy," said Steve Mills, senior vice president and group executive, IBM Software Group.

Software is the fastest-growing and most profitable division of IBM. IBM also uses software products to get customers to buy its consulting services and hardware.

Cognos, based in Ottawa, has about 4,000 employees and more than 25,000 customers. It is IBM's 23rd acquisition.


Previous
Next
Yahoo Launches New Program to Boost Distributed Computing        All News        Silicon Image Announces New HDMI Transmitters for Mobile Devices
Yahoo Launches New Program to Boost Distributed Computing     General Computing News      Microsoft Outlines Pricing and Licensing for Windows Server 2008

Get RSS feed Easy Print E-Mail this Message

Related News
IBM Claims Record Deep Learning Performance
New Sony Magnetic Tape Storage Technology Supports High-Capacity 330 TB Recording
IBM Z Mainframe Features Pervasive Data Encryption
Researchers Say Silicon Nanosheets is the Path to 5nm Transistors
Wanda and IBM To Bring IBM Cloud to China
Researchers Store Data on A Single Atom
IBM Building First Universal Quantum Computers
IBM tops U.S. Patents list Again , Samsung Follows
TSMC And IBM Detail Their 7nm Progress At 2016 IEDM
IBM and NVIDIA Team Up on New Platform For Deep Learning
New IBM Linux Servers Feature POWER8 Chips And NVIDIA NVLink Interconnect Technology
Scientists Imitate the Functionality of Neurons with a Phase-Change Device

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .