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SUNDAY, NOVEMBER 22, 2009
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IBM to Buy Canada's Cognos for $5B

Company's software products model business decisions

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(Newser) – IBM will buy Cognos for $5 billion, the latest in a rash of “business intelligence” software acquisitions. The move could help IBM keep up with SAP AG and Oracle, each of which recently teamed with similar companies, the AP reports. The purchase price is a 9% premium over Cognos’ Friday close; both companies’ stocks rose on the news.

The software products gather and analyze business data, modeling the impact of major organizational decisions. IBM’s head of software denied the company was trying to keep up with the Joneses, saying, “We never do acquisitions…based on what others are doing.” Indeed, the company has been in a buying mood for years as it expands its software portfolio.

IBM Corp. Chairman, President and Chief Executive Officer Samuel J. Palmisano speaks in New Delhi, India, in this file photo of May 8, 2007. IBM is investing US $6 billion in India to expand its operations here, over a three year period ending in 2009. IBM reports second quarter earnings...
IBM Corp. Chairman, President and Chief Executive Officer Samuel J. Palmisano speaks in New Delhi, India, in this file photo of May 8, 2007. IBM is investing US $6 billion in India to expand its operations...   (Associated Press)
The IBM logo at the main campus in Research Triangle Park, N.C. is seen in this July 31, 2007 file photo. International Business Machines Corp. is expected to release quarterly earnings on Tuesday, Oct. 16, 2007. (AP Photo/Karen Tam, file)
The IBM logo at the main campus in Research Triangle Park, N.C. is seen in this July 31, 2007 file photo. International Business Machines Corp. is expected to release quarterly earnings on Tuesday, Oct....   (Associated Press)
An IBM engineer, Brad Dillon, moves an antenna in a huge room where they test the radio frequency off the IBM Anyplace kiosk,Tuesday, July 31, 2007, on the main campus in Research Triangle Park, N.C. This test is to make sure the kiosk would not interfere with other...
An IBM engineer, Brad Dillon, moves an antenna in a huge room where they test the radio frequency off the IBM Anyplace kiosk,Tuesday, July 31, 2007, on the main campus in Research Triangle Park, N.C....   (Associated Press)
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