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CDP positive after Cognos buyout

CDP positive after Cognos buyout

Performance management and business intelligence consultancy CDP says it was prepared for IBM’s buyout of Cognos, for which it is the local distributor and an implementation specialist. CDP director Allan Keyte says his company has been working more closely with IBM in the last few months and sees opportunities to grow its business with the tech giant. “We’ve been talking with them and we’re now an IBM business partner. We’re working out how we can go to market better together. “There’s a lot of good synergies in the whole area. We don’t have any product overlap with IBM and we’ve seen there are a lot of acquisitions where there is overlap.” Keyte says there has been speculation over the buyout for about three years. “On paper there was always a lot of positive reasons for it.” IBM announced earlier this week it had entered into an agreement to buy Cognos for US$5 billion, and the deal is expected to close early next year.


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