IBM Corp. has made its largest acquisition ever,by buying Cognos Inc. for $5 billion in cash today.
The acquisition is in hope of keeping up with rivals in business intelligence (BI).
Cognos® is a world leader in business intelligence and performance planning software for enterprises.
The company proposes Business-intelligence software that deliver the complete range of BI capabilities: reporting, analysis, scorecarding, dashboards, business event management as well as data integration, on a single, proven architecture.
Nonetheless a senior analyst with Nucleus Research, David O’Connellrevealed the he was skeptical about what will happen with IBM and Cognos saying:
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