Menu
EU signs off on IBM's Cognos acquisition

EU signs off on IBM's Cognos acquisition

European regulators have approved IBM's $5 billion acquisition of Cognos.

IBM's US$5 billion acquisition of business intelligence software vendor Cognos took a step forward on Thursday as European regulators gave their approval to the deal.

After examining the acquisition, the European Commission said in a statement that it "would not give rise to competition concerns, since the parties' combined market share would be moderate."

IBM announced its intention to buy Cognos, based in Ottawa, in November, saying it hoped to combine the Cognos software with IBM's back-end database products. They hope to close the deal by the end of March, but there are still a few regulatory requirements to be met, including the approval of Canada's minister of industry.

Business intelligence software is used to analyze data from different sources within a company and help management get a better picture of the business. Several business intelligence software vendors have been acquired recently, including Hyperion, purchased by Oracle, and Business Objects, purchased by SAP.

IBM to date has partnered with business intelligence software vendors, providing the back-end infrastructure components. But changing customer demands sparked its interest in Cognos, according to Ambuj Goyal, general manager of information management in IBM's software group and a key player in the Cognos deal.

"Now, more and more clients are saying, 'We are not an integration technology business, we are in a business-outcome business. You do the integration,'" he said in a recent interview. "More and more clients are not doing best-of-breed purchases."

(Chris Kanaracus in Boston contributed to this story.)


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Brand Post

Featured

Slideshows

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments