IBM adds Cognos to its list of strategic acquisitions

By Lisa Kerner

Charlotte, N.C., Jan. 31 - International Business Machines Corp. complete its acquisition of Cognos Inc. and said it will reveal its resulting business strategy for the company on Feb. 6.

The transaction will contribute to IBM's goal of earnings-per-share growth through 2010, a company news release stated.

It was previously reported that IBM agreed to acquire Cognos in an all-cash transaction valued at $4.9 billion as part of its Information on Demand strategy.

IBM has announced a total of 25 strategic acquisitions in support of its global Information on Demand effort.

Cognos is a business intelligence and performance management software solutions company located in Ottawa.

IBM, based in Armonk, N.Y., develops computer systems, software, storage systems and microelectronics.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.