Largest IBM Deal Ever:Software Firm Cognos
By Jo on Nov 12, 2007 in IBM | | |
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:
Their challenge will be to technically integrate business-intelligence offerings in a way that is easier and less expensive for customers ,I’m not sure it will become more than a bolt-on
.
Cognos shares rosed $4.29 to $57.27 in this afternoon’s trading and IBM shares rose $2.82 to $103.07.
