IBM Corp. said Monday it plans to buy Cognos Inc. for $5 billion in cash, a deal that could help it keep pace with rivals in “business intelligence” software. IE 11 is not supported.

The transaction, which works out to $58 per Cognos share, is expected to close in the second quarter of 2008 and provide shareholders a net value of $4.9 billion, IBM said.

Two of IBM’s most popular analysis products, the Cognos Business Intelligence and the SPSS predictive analytics package, are headed for the cloud, the latest in an ongoing push by IBM to port ...

What IBM's Cognos deal means Even as big public business intelligence companies are disappearing, the market is changing with online software. And what happens to industry giant SAS?

IBM Corp.’s $5 billion acquisition this week of Cognos Inc. is a watershed event. It marks the third acquisition this year of a best-of-breed business intelligence (BI) and performance management (PM) ...