IBM Acquires BI Software Specialist Cognos for $5 Billion
November 19, 2007 Timothy Prickett Morgan
The third shoe in the business intelligence market has finally fallen, now that IBM last week announced that it would spend $5 billion in cash to acquire Canadian BI software maker Cognos. The IBM deal follows Oracle‘s snapping up of Hyperion Solutions in March for $3.3 billion and SAP‘s purchase of Business Objects in October for $6.7 billion. With this deal, the three biggest independent suppliers of business intelligence and analytics software are no longer free agents, no matter how much their new owners will protest otherwise. IBM has long had high hopes for data warehousing and |