IBM To Acquire Cognos

IBM announced that it has signed an agreement to acquire Cognos.

The acquisition of Cognos supports IBM’s Information on Demand strategy, a cross-company initiative that combines IBM’s strength in information integration, content and data management and business consulting services to unlock the business value of information. Integrating Cognos will enable new business insights to be delivered to a broader set of people across an organisation, beyond the traditional users of business intelligence.

“Customers are demanding complete solutions, not piece parts, to enable real-time decision making," said Steve Mills, senior vice president and group executive, IBM Software Group. “IBM has been providing Business Intelligence solutions for decades. Our broad set of capabilities – from data warehousing to information integration and analytics – together with Cognos, position us well for the changing Business Intelligence and Performance Management industry.”

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IBM will provide broader reach for Cognos solutions across multiple industries and geographies with a more complete set of offerings, including consulting services, hardware, and other middleware software.

Following completion of the acquisition, IBM intends to integrate Cognos as a group within IBM’s Information Management Software division, focused on Business Intelligence and Performance Management. IBM also will appoint current Cognos President and CEO, Rob Ashe, to lead the group, reporting directly to General Manager, Ambuj Goyal.