48 minutes ago NEW YORK (Reuters) - IBM (IBM.N) said on Monday that it would buy Canadian business intelligence software company Cognos Inc (CSN.TO) (COGN.O) for $5 billion, following a wave of acquisitions in the industry.Investors had expected the deal, which represents a 9.5 percent premium to Cognos's closing U.S. share price on Friday, after SAP AG's (SAPG.DE) offer for rival Business Objects (BOBJ.PA) in October and Oracle Corp's (ORCL.O) purchase of Hyperion Solutions Corp earlier this year.
All three targets make software that analyzes businesses by combing through vast amounts of data.
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