Business Intelligence deals
Patrick Reames wrote on the UtiliPoint ETRM Community Blog that IBM has acquired Cognos and noted that this is the third such huge acquisition this year: “IBM announced this morning that they are picking up Cognos for $5 billion. This is the third huge business intelligence acquisition this year, following SAP’s acquisition of Business Objects for $6.8 billion and Oracle’s buying Hyperion Solutions for $3.3 billion.”This follows closely on the heels of the acquisition by HP of Knightsbridge Solutions in December 2006. Sometimes such a flurry of activity signals a weakness of the companies being acquired. However in this case I believe, especially given the number being paid, that the bigger companies are trying to bolster their positions in the market as the companies being acquired have clearly demonstrated the value of well build business intelligence solutions.
Filed under: Business Intelligence