Feeds

IBM buys Cognos for $5bn

Denies copying SAP, Oracle

Internet Security Threat Report 2014

IBM has denied it's a copycat after it joined Oracle and SAP with its own business intelligence software buy. Today it announced plans to buy Canadian outfit Cognos for $5bn cash.

IBM's move comes as little surprise, however, after SAP bought Business Objects and Oracle snaffled Hyperion earlier this year.

Cognos was already a close IBM partner. Steve Mills, head of IBM's software group rebuffed suggestions the buy is a direct response to SAP and Oracle's moves in business intelligence. He told AP: "We never do acquisitions on defensive moves or based on what others are doing."

The deal values Cognos at $58 per share, a nine per cent premium on Friday's closing price. It's expected to complete in the first quarter of next year, with Cognos set to be integrated in IBM's information management software division.

Cognos has about 4,000 employees and 25,000 customers worldwide. The official statement is here. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Netscape Navigator - the browser that started it all - turns 20
It was 20 years ago today, Marc Andreeesen taught the band to play
Sway: Microsoft's new Office app doesn't have an Undo function
Content aggregation, meet the workplace ... oh
Sign off my IT project or I’ll PHONE your MUM
Honestly, it’s a piece of piss
Do Moan! MONSTER 6-day EMAIL OUTAGE hits Domain Monster
Customers freaked out by frightful service
Return of the Jedi – Apache reclaims web server crown
.london, .hamburg and .公司 - that's .com in Chinese - storm the web server charts
NetWare sales revive in China thanks to that man Snowden
If it ain't Microsoft, it's in fashion behind the Great Firewall
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.