Filing reveals that Cognos went to IBM first
19772
InfoWorld - Cognos executives first approached IBM in the months leading up toÂ IBM's pending $5 billion deal to buy the company, not the other way around, according to a document Cognos submitted Friday to the U.S. Securities and Exchange Commission.
278838
Cognos, Canadaâs biggest software company, said it planned to buy Applix for $339 million to expand in financial performance management.
389975
Cognos Inc., the largest Canadian software maker, offered to buy Sweden&#39;s Frango AB for 390.8 million kronor ($51.7 million) to expand in corporate performance management software.
702468
Cognos and Composite Software on Monday joined forces to combine business intelligence (BI) reporting with enterprise information integration (EII) software.
446600
IBM on Friday is scheduled to make available early versions of three grid-based technologies intended to help corporate and third-party developers better manage grid-based resources as a way to solve large and compute-intensive problems.
523480
Cognos executives first approached IBM in the months leading up to&#160;IBM&#39;s pending $5 billion deal to buy the company, not the other way around, according to a document Cognos submitted Friday to the U.S. Securities and Exchange Commission.The filing was prepared for Cognos shareholders in advance of the Jan. 14 vote on the sale.The details it provides of the negotiations between IBM and the company stand in contrast to past statements made by Rob Ashe, the Canadian business-intelligence software maker&#39;s CEO, who at one time stressed the company&#39;s game plan was to become the top independent BI vendor in the market.But clearly, those ambitions weakened as the space saw a dramatic consolidation in 2007 with&#160;SAP scooping up Business Objects&#160;and&#160;Oracle buying Hyperion.In fact, Cognos talked with potential suitors as far back as the middle of last year, according to the filing. The vendor said a firm it identified only as &quot;Company X&quot; approached it about a possible acquisition on July 19, 2006, but those discussions eventually broke down, according to the filing, which does not reveal Company X&#39;s price-per-share offer.Negotiations ceased on Nov. 20, 2006, and Cognos subsequently reached out to IBM in December 2006 to gauge its interest, according to the filing. &quot;While our board of directors had not determined that a sale of Cognos was the most desirable outcome, it believed that IBM&#39;s interest was of relevance in considering any strategic alternative in the event that Company X or other potential acquirers approached us,&quot; it states.Company X attempted to restart talks with Cognos on Dec. 6 but refused to raise its offer, according to the filing.Ashe then met on Jan. 8 with Ambuj Goyal, general manager of IBM&#39;s information management division, and Steve Mills, senior vice president and group executive, IBM Software Group.Cognos entered a confidentiality agreement with IBM on Jan. 31, and executives from the two companies met a second time on Feb. 2.Talks continued throughout the year but revolved around partnership opportunities until Sept. 21, when Goyal and David Johnson, IBM&#39;s vice president of corporate development, called Ashe &quot;on an unsolicited basis, and expressed IBM&#39;s interest in acquiring Cognos,&quot; the filing states.The two firms spent the next several weeks haggling over a price for Cognos. IBM&#39;s initial offer was $50 to $52 per common share in cash, but Cognos deemed it insufficient, according to the filingFollowing a series of back-and-forth negotiations, IBM raised its price to $57. Cognos did not accept, but said it would proceed based on a $58-per-share offer, the filing states.IBM agreed, and the firms eventually signed the deal on Nov. 11.A Cognos spokeswoman said Monday that the company would not comment on the filing. Shares of the company were trading at about $57 midday.
393544
A federal magistrate has ordered IBM Corp. to reimburse software maker Compuware Corp. for costs relating to evidence that IBM produced only three months before Compuware's lawsuit was scheduled to go to trial.
164963
The analytics and reporting software maker will begin selling IBM's mainframe access software.
312907
IBM (NYSE: IBM) has -- again -- sought to have the pending legal claims by The SCO Group dismissed. According to a motion it filed in a U.S. district court, IBM argues that SCO has no evidence to support its claims that it appropriated confidential source code from Unix System V and placed it in Linux.
569927
InfoWorld - Business performance software vendor Cognos&#160;has agreed to buy Applix, a developer of performance analysis software, and plans to integrate the companies&#39; products by early next year.
390050
European regulators have approved IBM's planned $5 billion acquisition of BI software maker Cognos, saying it would not raise competition concerns.
487850
IBM (NYSE: IBM) today announced a set of consolidation and security software solutions designed to make the System z mainframe easier to use as the strategic platform of choice for running modern applications.
382442
Software developer Cognos Inc. on Wednesday posted a 52 percent rise in second-quarter profit, topping Wall Street expectations on a surge in license revenue across all of its regions, the company said.
550358
IBM (NYSE: IBM) today announced that NHIC Ilsan Hospital in Korea is using IBM software to manage its new medical information system.
342143
On Tuesday, Cognos unveiled Cognos 8 BI v3, most likely the last upgrade before the acquisition by IBM is final. The Cognos board ratified the acquisition earlier this week.However, Version 3 was under development long before IBM made its offer, according to officials.While the new capabilities in release 8.3 are meant to attract a wider group of knowledge workers, it is also meant to reassure IT executives, wary of having to support an ever increasing number of business managers, that version 8.3's new features will make it is easier to monitor and manage BI performance.The new, richer administrative capabilities will allow IT to take a snapshot of the BI environment in real time and identify everything from a runaway query to what reports are waiting in the queue. The admin tool can reprioritize jobs and rerun reports before a user even realizes there is a glitch in the system."Now a system administrator can be more proactive before someone calls in to the help desk," said Harriet Fryman, executive vice president of product marketing at Cognos.Using an administrative console, IT can monitor metrics and step up the thresholds to say what is acceptable behavior before action is required.IT will also be able to build its own set of reports and analyses to understand how well the system is functioning, including how the servers are performing and whether more need to be brought up, said Fryman."It will help IT make decisions on how they want to run the BI environment," Fryman said.The driver behind the additional administrative capabilities comes out of the realization that IT always worries whether too many people using the system will overwhelm the help desk, or whether users could shut down the system if they have too much functionality available to them, said David O'Connell, a senior analyst with Nucleus Research."IT might be overconcerned. They want to keep down how much they let BI get out there. They worry about a runaway query. Now they have less reason to fear," said O'Connell.Version 8.3 also makes it less costly to administer and manage, all of which will goes toward easing IT's reluctance to take on more users.Cognos 8 BI v3 is available now.
446988
Last November, we wondered what IBM expects to come out of its acquisition of Canadian business intelligence software provider Cognos. This morning we found out, as Big Blue enters the "business optimization" business.
670901
OCTOBER 13, 2004  - Borland Software Corp. and IBM announced upgrades to their development tools this week designed to support heterogeneous environments and more closely link software creation to business goals.