Organization: SAP AG

IBM snares Cognos in $5-billion purchase

IBM Corp, Armonk NY, is acquiring Ottawa-based Cognos Inc for US$5 billion, the largest acquisition in IBM’s history and the 23rd in its so-called information-on-demand strategy. The deal is the latest development in the rapidly consolidating field of firms in the business intelligence and performance management software sector, following SAP AG‘s merger with Business Objects…