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I.B.M. Acquires Cognos, Maker of Business Software, for $4.9 Billion

www.nytimes.com

Cognos, the last major independent producer of software that companies use to analyze mountains of data, agreed on Monday to be acquired by I.B.M. for $4.9 billion in cash.

The takeover of Cognos, which is based in Ottawa, followed last month’s acquisition of the French company Business Objects, another maker of business intelligence software, by SAP of Germany for $6.8 billion. In March, Oracle bought Hyperion, another competitor of Cognos.

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