November 12, 2007

Phew! Finally Cognos gets into IBM's portfolio

After a long wait, IBM has finally completed the Cognos buyout at $5bn USD/ $58 per share. Here is a detailed news.

With the buyout of Cognos Incorporated, which is predominantly a Business Intelligence (BI) and performance management software company, IBM has bolstered its Information Management software portfolio. With products like DB2 Alphablox (another acquisition of the past) and Cognos, I see IBM as a very strong player in the BI market space now.

With the growth of information and information overflow, this is yet another good acquisition by IBM. Kudos to the Big Blue!
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