Andrew Wahl: Will Cognos be the focus of a bidding war?
Wednesday, October 17, 2007 | 09:00 AM ET
Money Talks is a collection of daily columns from The Business Network, which airs weekday mornings on CBC Radio One at 5:45 a.m. ET (6:15 a.m. ET in N.L.).
We all have those days when we wish the rest of the world would just leave us alone to go about our business. I’m sure that’s how the executives at Cognos felt last week.
The company is by far Canada’s largest maker of software, and plays in a hot segment of corporate software called performance management. On Thanksgiving weekend, its larger rival, Business Objects, agreed to be acquired by SAP, the German software giant, for nearly $7 billion US.
All the shifting allegiances now leave Cognos, the number two player in performance management, as the last one standing on its own.