IBM Buys Cognos Outright, Acquires Strong SOA Position
 

*Source: BetaNews (http://www.betanews.com/article/IBM_...n/1194909444)*
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IBM announced today the $5 billion dollar cash acquisition of Canadian business intelligence and performance management company Cognos, giving IBM a reputable product line, 4000-person staff, and impressive portfolio of contracts in one fell swoop.

Cognos is an Ottawa company that develops software and systems to help businesses manage information and resources. It has had contracts with such varied groups as Bank of America, Boeing, Mercedes-AMG, Toshiba America, The Office of Budgeting and Planning of Washington DC, and The Royal Army of the Netherlands.

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