The battle in the BI is heating up and IBM just made that clear!
International Business Machines Corp., the world's biggest computer-services company, agreed to buy Cognos Inc. for $4.9 billion, gaining programs that help companies analyze their performance.The per-share price is $58, or 9.5 percent higher than Ottawa-based Cognos's closing price Nov. 9. The two companies already had an alliance where they served customers such as the New York City Police Department and Canadian Tire Corp., according to a statement today.
Bloomberg here.
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