IBM invests $ 5 billion in business intelligence software
IBM is close to making the largest purchase in its history. She offered $ 4.9 billion for Canadian business intelligence systems and business intelligence, Cognos. Specialized programs of this company help to make a comprehensive analysis of business operations, to identify hidden trends, to extract valuable information from statistical reports. The Canadian firm is one of the oldest in this market, it began work in 1969. Customers include major corporations, as well as national governments and government services, including, for example, the New York Police Department.
A friendly offer from IBM to Cognos followed a month after another giant of corporate software engineering, SAP, announced its intention to spend $ 6.8 billion on the purchase of the French firm Business Objects, which develops the same software and is the main competitor of Cognos. Earlier, Oracle acquired Hyperion Solutions for $ 3.3 billion.
All these facts indicate that the business intelligence market is experiencing a real boom now.
IBM's offer is friendly because it is 9.5% higher than Cognos market capitalization. In other words, simply buying a controlling stake in Cognos for IBM would be cheaper, but this is considered unethical and can have unpleasant consequences for everyone.
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IBM management has already announced that it is going to make Cognos a part of the company and turn it into one of its ordinary divisions, that is, the company's independence will not be maintained.
In general, IBM has a much greater profitability in the sale of corporate software than in the market of technological equipment and services. Until now, the largest purchase was the acquisition of PricewaterhouseCoopers’s consulting division for $ 4 billion in 2002.
via Associated Press
A friendly offer from IBM to Cognos followed a month after another giant of corporate software engineering, SAP, announced its intention to spend $ 6.8 billion on the purchase of the French firm Business Objects, which develops the same software and is the main competitor of Cognos. Earlier, Oracle acquired Hyperion Solutions for $ 3.3 billion.
All these facts indicate that the business intelligence market is experiencing a real boom now.
IBM's offer is friendly because it is 9.5% higher than Cognos market capitalization. In other words, simply buying a controlling stake in Cognos for IBM would be cheaper, but this is considered unethical and can have unpleasant consequences for everyone.
')
IBM management has already announced that it is going to make Cognos a part of the company and turn it into one of its ordinary divisions, that is, the company's independence will not be maintained.
In general, IBM has a much greater profitability in the sale of corporate software than in the market of technological equipment and services. Until now, the largest purchase was the acquisition of PricewaterhouseCoopers’s consulting division for $ 4 billion in 2002.
via Associated Press
Source: https://habr.com/ru/post/16128/
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