IBM acquires Cognos

IBM has acquired Cognos - News Releases Every body knew this was coming now that SAP had made its move on Business Object. I don't know how much of a premium it is, I don't want to bother checking. It's probably a good return for the shareholders. I can tell you everybody in Ottawa even if we knew it was coming, but didn't want to see it happen. Cognos is a huge success story here in town, IBM has been gobbling up companies here at furious pace. There aren't that many 1b/yr software company in Canada, even less with their HQ in Ottawa. I know this is what they had to do, but I can't help but feel bummed by the news.